The recent surge in the Solana price to $85 has been attributed to the overall market recovery. Bitcoin dominance has compressed from 58% to allow for altcoin rotation, a crucial condition for reaching the projected $250 target by year-end.
According to Standard Chartered, the Solana price is expected to reach $250 through months of DApp revenue recovery and altcoin rotation. However, this will require sequential conditions to be met, including Alameda creditor distributions being fully absorbed and Firedancer upgrading network performance.