Solana Outpaces All Chains In One Key Metric: Is $250 Imminent For SOL
Solana is one of the most prosperous tokens in the world of cryptocurrency. The Solana chain is currently heralded as one of the top-notch chains to interact. It harbours a pool of new meme coins crucial in diversifying the SOL ecosystem.
Solana recently achieved a new milestone, which is bound to help the token attract more volume to its ecosystem. Let’s explore how high SOL can go with this key metric.
Also Read: Ripple: XRP Poised For A Mega Pump – Analyst Explains How
Solana Outperforms Leading Chains in Daily Active Wallet Count
Solana has outpaced all leading chains in the active daily wallet count metric. SOL currently harbours 5.4 million daily active wallets. In this process, Solana has set a new record, an all-time high, while dominating layer 1 and layer 2 blockchains in its wake.
“
BREAKING: Solana Hits New Record with 5.4M Daily Active Wallets on September 9th, Outpacing All Other Blockchains. Solana sets an all-time high, dominating Layer-1 and Layer-2 blockchains with 5.4 million daily active wallets.”
BREAKING: Solana Hits New Record with 5.4M Daily Active Wallets on September 9th, Outpacing All Other Blockchains
Solana sets a new all-time high, dominating Layer-1 and Layer-2 blockchains with 5.4 million daily active wallets pic.twitter.com/E9Rw11wU7f
— SolanaFloor (@SolanaFloor) September 10, 2024
Popcat Meme Coin Surges
In addition, Solana’s newest meme coin, Popcat, is again surging high in metrics. The token is snowballing and has surged past the ambitious $600 million market cap.
— SolanaFloor (@SolanaFloor) September 9, 2024
Solana As A Portal For Potential Meme Coins
Solana’s being dubbed as a portal for potential meme coins has contributed significantly to its ecosystem. SOL’s thriving ecosystem is compelling analysts to share a bullish forecast for SOL in the long run.
Analyst’s Price Prediction For SOL
A notable crypto analyst on X, Curb, has issued a new price prediction for SOL. He shared how the token is currently in the consolidation phase, with SOL trading between $120 and $210. When the consolidation eventually breaks, it may help SOL surge to a whopping $400 in no time.
Solana has consolidated between $120-$210 for ~170 days, bouncing between monthly support/resistance.
When this consolidation eventually breaks up, the move is going to be massive.
Expect a swift move up to ~$400-$500, before advancement to ~$800-$1k+.#SOLANA
pic.twitter.com/rqMf6VJ7dM
— Curb◎ (@CryptoCurb) August 14, 2024
Also Read: Meme Coins Plummet: Trump vs. Harris Debate Shakes Election Odds
Technical Analysis Of The Token: September
According to CoinCodex, Solana is currently trading at a price range of $132. The platform predicts SOL will hit the $155 price mark by the end of September 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 14.60% and reach $155.31 by October 10, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 33 (fear). Solana recorded 13/30 (43%) green days with 6.34% price volatility over the last 30 days.”
Also Read: Shiba Inu To Hit All-Time High Post 10x Rise, Analyst Predicts
Similarly, CC shares that SOL can breach the $250 price mark around March 2025, trading at the $260 price level in the process.
Credit: Source link
