Solana (SOL) has been touted as one of many best-performing belongings this 12 months. The altcoin went from buying and selling at a low of $19 only a 12 months in the past to a excessive of $200 and past. This marked a 670% spike in simply 12 months. At the moment, following a slight setback, SOL was buying and selling at $150.39 with a 2% rise over the previous 24 hours.
However the asset has been struggling recently. The worth of the asset was shifting sideways over the previous couple of days. This additional instilled pessimism amongst buyers. At the moment, SOL is 42% beneath its all-time excessive of $260. Due to this fact, the market is hoping for the asset to assert the $300 degree by the top of the 12 months.
In keeping with CoinMarketCap’s Neighborhood Sentiment tracker, about 82% of the altcoin’s buyers have been bullish about SOL’s potential ascent. A dainty 18% of them have been seen siding with the bear. This consequence was primarily based on 17990 votes on the platform.
Solana Prediction For The Remainder of 2024
Changelly had unhealthy information for Solana SOL buyers. Knowledge from the platform revealed that Solana will proceed buying and selling at its present degree. Changelly notes that the best the asset will rise to is $156 within the subsequent three months. Whereas the final quarter is predicted to be bullish for the general market, SOL will probably be shifting slower.
It ought to be famous that if Solana manages to rise by 600% because it did over the previous 12 months, the asset will commerce at $1,000. With the community’s present partnership with Google Cloud and a possible surge within the general market, the asset might see a notable spike within the final quarter of 2024.
