The recent market performance of Solana (CRYPTO: SOL) is literally off the charts. Solana is now up 160% over the past 30 days, and more than 520% for the year. By way of comparison, Bitcoin (CRYPTO: BTC) is up 120% for the year. Even the biggest Solana bulls have to wonder what's going on right now.

In mid-November, Solana's price moved about $50 for the first time in nearly 18 months and now seems to be on a rapid trajectory to regain its all-time high of $260 from two years ago. Some analysts are even projecting that Solana could increase in value to $3,200 by the end of the decade.

So just how much higher can Solana go? There are two key factors to consider.

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Source Fool.com