Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. Numerous projects are currently being developed on the Solana network, with more expected to emerge soon.
According to information provided on Solana’s official website, the company’s main value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum. Solana had breached the price level of $200 after a prolonged year of downward trend. However, according to recent data, SOL has been down by over 9.3% in the last 24 hours.
With the whole cryptocurrency market being volatile, here is our price prediction for Solana (SOL) for March end.
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SOL price prediction for March-end
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL can shoot up or go down in price at the end of March.
Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for March end. For this timeframe, SOL’s minimum price is anticipated to be $260, and its maximum is anticipated to be $328.
Also read: Solana Breaches $200, But Analyst Warns Investors To Stay Out of SOL
Solana has been on a positive trajectory recently. It even outperformed Bitcoin and Ethereum in terms of gains. SOL also dethroned BNB to earn the spot as the fourth largest cryptocurrency by market capitalization.
Additionally, experts expect that SOL will trade at an average price of $250 to $330 during this period. Changelly experts predict that the SOL price is likely to reclaim $200 at the end of March. However, the entire prediction could depend on the overall market sentiment.