Solana (Sol) has the perfect recipe for a huge rally, Bitwise’s Matt Hougan

Solana (SOL) has risen almost 30% in the past month and wants to reclaim his early 2025 all time.

The rally adds weight to bit-wise Chief Investment Officer Matt Hougan’s prediction that the crypto-assets could prepare for an explosive end-of-year rally, because he believes that all the right “ingredients” fall into place for a repeat of the same playbook that Bitcoin and Ethereum drove to massive profit.

Solana’s end -of -year rally

In the last report, Hougan assertions That the ‘recipe’ has been simple in the last 18 months: a strong demand from Exchange-Traded Products (ETPs) and purchases of business flakes that consistently surpassed new token issue, resulting in powerful imbalances for supply and demand.

Bitcoin saw this play of $ 40,000 early 2024 to more than $ 115,000 today, while Ethereum tripled in price after institutions started stacking earlier this year. Solana, he claims, is the following to take advantage of this recipe.

Several heavyweight emennents, including Bitwise, Grayscale, Vaneck, Franklin Templeton, Fidelity and Invesco/Galaxy, have submitted an application to launch Sol ETPs, with the decision -making period of the SEC before October 10, 2025. If approved, Q4 could see multiple sol ETPs at the same time.

At the same time, Galaxy Digital, Jump Crypto and Multicoin Capital recently promised $ 1.65 billion to finance Forward Industries, a new listed Sol Treasury company that is responsible for buying and using SOL to generate proceeds.

The appointment of Kyle Samani, co-founder of Multicoin Capital and the old lawyer of Solana, as chairman positions him to play the same evangelistic role for Solana that Michael Saylor did for Bitcoin and Tom Lee for Ethereum. That kind of high-profile media presence could charge investor consciousness and adoption.

In addition to financial vehicles, the Exec also emphasized that Solana offers a strong fundamental pitch it is a cheap, cheap programmable blockchain that is able to use Tokenized Activa, Stablecoins and Defi at speeds that rival centralized systems have.

A recent technical upgrade reduced transactions finality from 12 seconds to only 150 milliseconds, which positioned it under the fastest block chains worldwide, with sub-penny fees and no dependence on Layer 2 solution.

Set too attractive to ignore

While critics claim that this is with centralization risks, Hougan said that Solana is currently third in the liquidity of the Stablecoin, fourth in Tokenized assets, and this year Tokenized Aum jumped 140%.

The Bitwise CIO considered Solana’s relatively small size as an important catalyst. This is because Sol is only the size of Bitcoin in a market capitalization of $ 116 billion, which means that the inflow has a major impact.

For example, the planned purchase of $ 1.65 billion from Forward Industries is the same as $ 33 billion that flows in Bitcoin. Although the inflation percentage of Solana is approximately 4.3% higher than that of Bitcoin or Ethereum, the momentum on the demand side can outweigh this factor. As such, Hougan claims that the Sol setup is still attractive.