Will Solana Hit $500 by 2028?

To reach $500 by the end of 2028, Solana’s SOL would need to rise about 5.3 times from its current level and finish more than 70% above its January 2025 peak of $293, a steep requirement after SOL fell 19.3% in October 2026 to a 30-day low of $92. The token trades around $95, roughly 68% below its record high. Hitting $500 would lift Solana’s market value to about $295 billion, exceeding Ethereum’s roughly $277 billion, but SOL would also need to outrank XRP, BNB and Tether first. The article cites token supply pressure from staking rewards. With roughly 2.2 years remaining, SOL would need about 116% annual compounded gains. It points to spot Solana ETFs losing $71.5 million in the week ending Oct. 30 and notes the Alpenglow upgrade launched Oct. 21 without a price rebound. It also suggests any sustained Bitcoin rally could help.