Solana Expected to Surge to $250 by Year-End Following Alpenglow Upgrade
- MEXC analyst predicts Solana’s price could reach $250 by December, driven by the Alpenglow upgrade.
- The Alpenglow upgrade aims to reduce transaction finalization time from over 12 seconds to just 150 milliseconds.
- Over $1.7 billion in Solana is currently held within corporate treasuries, indicating a strategic shift in asset accumulation.
- Major investments include $1 billion from Galaxy Digital, Jump Crypto, and Multicoin Capital for reserves based on Solana.
- Despite potential SEC delays on ETF applications, the positive outlook for Solana remains unchanged.
The anticipated enhancements from the Alpenglow upgrade are expected to position Solana favorably against competing Layer-1 blockchains and attract further institutional adoption as a stable asset within corporate strategies.
With over $1.7 billion already locked in corporate treasuries, Solana’s trajectory appears robust as it aims for a price target of $250 by year-end.(Source)
