The cost of Solana experienced a minor increase as the crypto market aimed to preserve its latest profits, with the digital coin stabilizing inside a crucial price range.
On May 20, 2025, the value of Solana (SOL) increased by over 3% during U.S. trading hours, marking a recovery after a 6% decrease the day before. This upturn follows Anza, a company specializing in Solana research and development, announcing a significant modification to their consensus protocol.
Although SOL indicated a possible shift towards bearishness once the price dropped below $170, buyers managed to maintain it above $165 instead.
In essence, the altcoin’s price continues to fluctuate between roughly $160 and $180, a range that had previously supported a bullish surge towards $260. Simultaneously, the total value locked within Solana protocols has grown significantly, rising from around $7 billion in April to over $10 billion currently.
On May 19, Anza introduced Alpenglow, deemed the largest Solana Protocol consensus switch.
The shift from Tower BFT and Proof of History consensus protocols to Votor and Rotor is crucial for Alpenglow.
In Anza’s words: “Votor concludes blocks after a single round of voting when 80% of the stake is involved, and it requires two rounds if only 60% is participating. Rotor is streamlining the turbine structure to minimize network delay. This means more branches (higher fanout), fewer levels, and lower latency.
Bitcoin‘s (BTC) robustness above the $100,000 mark and predictions pointing towards potential prices between $150,000 to $200,000 by 2025, coupled with altcoin season forecasts, indicate a generally optimistic outlook for Solana (SOL).
The optimism surrounding Solana has been further boosted by the excitement building up around potential cryptocurrency spot exchange-traded funds. Despite repeated delays in the U.S. Securities and Exchange Commission’s decision on several Solana spot ETF proposals, the enthusiasm remains undimmed.
Building on the previous point, a significant step forward in regulation was made recently: the U.S. Senate successfully approved a crucial vote for the ‘Genius Act.’ According to experts, this bill, designed to govern stablecoins, is now likely to become law.
As a crypto investor, I’m excited about the potential positive impacts upcoming developments could have on Solana’s price. The recent network upgrades suggest that growth is on the horizon, which adds to the overall bullish sentiment surrounding this cryptocurrency.
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2025-05-20 19:13