Despite recent price struggles, analysts foresee Solana (CRYPTO:SOL) emerging as a leader in the next bull cycle, surpassing even Ethereum (CRYPTO:ETH).

SOL has shown resilience, maintaining an upward trend since H2 2023, with a notable 100% increase from January 2023 lows.

Institutional adoption is growing, with major players like PayPal and Visa integrating Solana for its faster and cheaper transactions compared to Ethereum.

However, regulatory challenges persist, with the SEC alleging Solana's status as an unregistered security, posing potential hurdles to its widespread adoption.