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 $160 after a prolonged year of downward trend. According to recent data, SOL has been up by over 9% in the last 24 hours. SOL is also up by over 45.5% in the last seven days. During this period, SOL surged from $136 to a high of $168 before falling to its current price.
With the whole cryptocurrency market being volatile, here is our price prediction for Solana (SOL) for the weekend.
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SOL price prediction for the weekend
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 during the weekend.
Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for the weekend. For this timeframe, SOL’s minimum price is anticipated to be $183, and its maximum is anticipated to be $197.
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Additionally, experts expect that SOL will trade at an average price of $171. Changelly experts predict that the SOL price is likely to sustain the $160 price level this weekend. However, the entire prediction could depend on the overall market sentiment. With BTC breaching the $73,000 level recently, Solana could surge higher.