Amid the ongoing crypto market rally that has propelled a host of assets, traders are anxiously eyeing what assets could find record success next. Now, many analysts are pointing to both Toncoin (TON) and Solana (SOL) as the next cryptocurrency in line for new all-time highs.
Tokens’ like Bitcoin, PEPE, and Tron (TRX) have surged to their highest prices ever in 2024. Moreover, assets like Ripple (XRP) and Cardano (ADA) have returned to prominence as the industry has surged to renewed relevance this year. With 2025 fast approaching, there are two who could be the next in line to benefit from the sentiment.
Toncoin & Solana Emerge as Favorites for All-Time Runs
It is difficult to understate just how important this year has been for cryptocurrency. Following Donald Trump’s election win in November, the asset class has collectively enjoyed an unparalleled rally. Indeed, Bitcoin has led the way, being the first cryptocurrency to surpass a six-figure price en route to an all-time mark.
Yet, that success has led many to ponder what assets could be set to follow suit. Well, two have seemingly emerged as a favor, with both Toncoin (TON) and Solana (SOL) looking to be the next in line to reach an all-time high. Specifically, a new estimation posed by CryptoQuant analyst Maartunn has highlighted the two assets.
In a post to the platform, a Price Drawdown Haetmap was shared. This gives insight into how far a cryptocurrency is from reaching a record price. The data shows that both Solana and Toncion emerged ahead of all other altcoins. That projection is not far off, considering that both SOL and TON are just 8% and 15% away from record prices, respectively.
Solana had set its all-time high in early September 2021 when it hit a $216 price point. Moreover, Toncoin reached its landmark price in June of this year, trading at over $6.82. Both of the cryptocurrencies show strong fundamental data and activity numbers that could fuel the necessary price increases.
