Solana has gained a robust outlook after the Bitcoin Halving event. Indeed, the halving ushered in new gains for the market as leading altcoins surged post-event. With Bitcoin touching the $67K mark, the market is gradually ascending to touch new price thresholds. Solana is no exception to the current market surge, with the $300 mark potentially in view.
Per CoinMarketcap, Solana has gained 2% in the last 24 hours, trading at $155 post-halving. Speculators and crypto enthusiasts are now betting big on SOL, anticipating its price to touch $300 post-halving.
Also Read: Solana Price Prediction For May: How Close Is SOL To $300?
Solana NFT Surge Continues
Per Solana Floor, Solana Blockchain has been noting a staggering surge in its NFT vertical as of late. The blockchain has noted a spike in its NFT sales over the last week, with $35 million worth of NFTs being traded on the chain.
With a new crash bug fix in place, Solana is anticipating new price milestones and records that deliver robust value to the blockchain. The blockchain is looking forward to onboarding a new surge of users without encountering its frequent crashing issues, which render the blockchain helpless and less attractive.
Solana to Hit $300: When?
With promising new developments taking place, SOL is now inching towards a new price milestone. SOL users are now expecting Solana to hit $300 post-Bitcoin halving, which will be a considerable feat for the blockchain to achieve. The user sentiment towards SOL is in green, with the blockchain still rife with a new presale token frenzy.
According to CoinCodex, SOL can surge up to 13% and reach $177 by May 23, 2024.
“According to our current SOL price prediction, the price of SOL is predicted to rise by 13.72% and reach $177.87 by May 23, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). SOL recorded 18/30 (60%) green days with 11.98% price volatility over the last 30 days.”
Also Read: How High Will Solana SOL Peak Post-Bitcoin Halving?
Similarly For SOL to hit $300, CoinCodex predicts a new timeline, adding that Solana may ascend and breach $300 by the end of 2024.
“SOL is forecast to trade within a range of $152.74 and $372.74. If it reaches the upper price target, SOL could increase by 139.51% and reach $372.74.”