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Wednesday, February 01, 2023 3:18:54 AM
The price of Solana has primarily increased since the start of the year. But as of this writing, it has decreased and is currently in the red. However, market observers have widely projected the token's potential.
Experts Predict Massive Growth for SOL
A chart comparing the current price movement of Solana to that of Ethereum in 2018 was recently uploaded with his audience by Cantering Clark, a pseudonymous trader with 159,000 followers on Twitter.
The trader's chart demonstrates how both assets broke through a support level after repeatedly tapping it, produced a lower bottom, and then rebounded. At the conclusion of the year, Ethereum's price had increased by 5,777% from its 2018 low of $83 to its all-time high of $4,878. A recovery to roughly $462 is anticipated, based on SOL's most recent closing of $8.50 and the prediction of a similar decrease before to the next bear market.
Bankless Podcast, Chris Burniske, a co-founder of Placeholder VC, stated that even if Ethereum is now a more resilient asset, Solana is on the correct route to harden its asset and will keep doing so.
Therefore, with regular purchases, this cryptocurrency may rise another 10% and attempt to breach the $30 threshold. If Solana is successful in navigating the crypto-difficulties verse's while resolving the consensus problems. According to coinpedia, the SOL price might rise to $36.87.
Recent SOLUSD News
- FET Drops 9% As ASI Token Merger Phase 1 Kicks Off • NEWSBTC • 07/03/2024 05:00:22 AM
- Sydney Sweeney’s X account hacked to promote crypto memecoin • Cointelegraph • 07/03/2024 02:07:37 AM
- Solana promotes decentralized TicketMaster alternative XP in twitter video • Crypto Briefing • 07/03/2024 01:52:21 AM
- Pandiana ($PNDA) Coming Up as a New Entrant Set to Redefine the Solana Memecoin Ecosystem • ZyCrypto • 07/02/2024 09:12:34 PM
- Solana-based meme coins rise up to 67% as Bitcoin slumps • Crypto Briefing • 07/02/2024 07:30:25 PM
- Solciety’s PolitiFi Memecoin Presale Secures Over $600,000 in First 2 Weeks • ZyCrypto • 07/02/2024 06:27:58 PM
- XRP, Cardano Primed For Market Moving Bullish Earthquake as Solana ETF Wave Gains Momentum • ZyCrypto • 07/02/2024 06:20:00 PM
- Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means • NEWSBTC • 07/02/2024 05:00:41 PM
- Top Trader Unveils Massive Price Target for Memecoin dogwifhat (WIF), Updates Bitcoin (BTC) Forecast • The Daily Hodl • 07/02/2024 02:30:51 PM
- Tracked Crypto Whales Wallets Show Whales Accumulating Rollblock (RBLK) • ZyCrypto • 07/02/2024 01:33:17 PM
- DTX Exchange (DTX) Beats zkSync (ZK) to 10,000 Holders; Solana Predictions Turn Positive as SOL ETF Creates Hype • ZyCrypto • 07/02/2024 01:22:15 PM
- Solana ETF applications fail to boost market enthusiasm: Kaiko • Crypto Briefing • 07/02/2024 12:21:04 PM
- Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer • NEWSBTC • 07/02/2024 09:45:36 AM
- Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says • NEWSBTC • 07/02/2024 03:30:26 AM
- Top Trader Accumulates Solana-Based Memecoin, Says Time Is Ticking Before Crypto Bears See Short Squeeze • The Daily Hodl • 07/02/2024 12:00:37 AM
- Baked Or Burned? Trader Makes 307x From Solana Token But Investors Raise The Alarm • NEWSBTC • 07/01/2024 09:00:30 PM
- Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level • NEWSBTC • 07/01/2024 08:00:40 PM
- Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA • Cointelegraph • 07/01/2024 07:15:00 PM
- Shiba Inu ‘Underbought,’ While Bitcoin ‘Overbought’ Recently: Santiment • NEWSBTC • 07/01/2024 05:30:30 PM
- $1000 SOL Price? — Pundit Predicts Massive Upsurge for Solana Amid Key Ecosystem Developments • ZyCrypto • 07/01/2024 05:21:26 PM
- Bloomberg ETF Expert Moves Estimated Ethereum ETF Approval Date Following New SEC Comments • The Daily Hodl • 07/01/2024 04:55:39 PM
- July could propel Solana to third-largest crypto by market cap, says Zeta Markets Founder • Crypto Briefing • 07/01/2024 02:25:15 PM
- Dogwifhat jumps 16% — WIF price eyes more gains as Solana ETF hype grows • Cointelegraph • 07/01/2024 12:10:00 PM
- Bitcoin Weekend Trading Takes A Siesta: Volumes Plunge To Record Lows • NEWSBTC • 07/01/2024 09:40:17 AM
- Crypto Strategist Says Bottom Is In for Solana (SOL)-Based Memecoin, Unveils Top AI Altcoin Pick • The Daily Hodl • 06/30/2024 08:00:07 PM
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