Solana (SOL) has had an unimaginable few years. The asset took a major beating in November 2022 after the collapse of the FTX cryptocurrency change. FTX founder Sam Bankman-Fried (SBF) was a significant SOL investor. On account of the change’s collapse, SOL’s worth nosedived, falling even beneath $10.
Since its November 2022 lows, SOL’s worth has recovered considerably. The asset was one of many best-performing cryptocurrencies in 2023. SOL has since risen past $200, hitting $202 in April of this yr. SOL’s unimaginable efficiency during the last two years is a testomony to its sturdy community and rising person base.
$100 Weekly in SOL For the reason that FTX Collapse: How A lot Is It Price?
In case you had invested $100 in Solana (SOL) because the FTX collapse, you’d have invested $9200 thus far.
Nonetheless, your portfolio’s worth would have risen by 372.8% to $43,501, and your funding would have grown by greater than 4 occasions.
How Excessive Can the Asset Go in 2024?
Solana (SOL) is an extremely in style cryptocurrency with an ever-growing person base. The SOL community additionally stiffly competes with the Ethereum community concerning pace and costs. The SOL community has registered sooner and decrease transaction speeds than the ETH community, making it a lovely house for brand new tasks.
In keeping with Telegaon analysts, SOL might surge to a most worth of $305.16 in 2024. Reaching $305.16 from present worth ranges would translate to a rally of practically 108%.
Reaching this worth stage would additionally imply a brand new all-time excessive for the cryptocurrency. SOL is presently down by 43.6% from its earlier peak of $259.9, which it attained in November 2021.
