Solana is likely one of the prime trending tokens within the cryptocurrency market. The token cast its id in 2024 and has since turn into extremely standard because it advanced right into a central chain harboring among the well-known meme cash. Given among the newest developments surrounding the chain, right here’s how excessive Solana can peak in October.
Solana: New Developments
Solana is at the moment buying and selling at $151 and is sure to extend as new rumors encompass the cryptocurrency token. In response to a put up by Santiment, the hypothesis concerning the company big Apple constructing on Solana is spreading like wildfire on the web, giving extra hype to Solana’s value trajectory.
On the similar time, the token’s impeccable success in all domains fortifies its presence in cryptocurrency, making it a number one coin to regulate.
Per Solanafloor, SOL’s whole meme market cap has surpassed $10B, with an energetic buying and selling quantity of $2B within the final 24 hours.
The portal additionally outlined how Solana’s spot DEX metrics have additionally displayed unbelievable stats this yr, peaking at $480 billion yr to this point in 2024.
Santiment later outlined one other compelling perception regarding Solana. The portal shared how merchants and buyers are at the moment projecting a bullish sentiment for Solana, wanting ahead to the token hitting a brand new ATH quickly.
“Updating our Solana put up from Friday, SOL merchants and buyers have now pushed the constructive sentiment of the #5 market cap coin to a 9-month excessive. There are at the moment 5.6 bullish posts for each 1 bearish put up throughout X, Reddit, Telegram, 4Chan, and BitcoinTalk.”
The Token’s Value Prediction
In response to CoinCodex, Solana could surge and peak to hit the $167 mark by the tip of October. On the similar time, it could surge almost 13% to say the worth talked about above mark.
“In response to our present SOL value prediction, the worth of SOL is predicted to rise by 13.73% and attain $167.62 by November 13, 2024. Per our technical indicators, the present sentiment is bullish, whereas the Worry & Greed Index is displaying 48 (impartial). Solana recorded 14/30 (47%) inexperienced days with 5.05% value volatility over the past 30 days. Primarily based on the Solana forecast, it’s now an excellent time to purchase SOL.”
