Solana is currently one of the most popular cryptocurrencies on the market. SOL has shown remarkable price performance over the past six months, touching new price highs with ease. The token at present is trading at a price level of $161, up 2% in the last 24 hours. With users flocking over to SOL extensively, how high can the token trade be this week? Let’s find out.
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Daily Active Wallet Surges to New Levels
Solana’s daily active wallet count, a crucial metric indicative of the token’s popularity, has reached new highs. According to a post uploaded by SolanaFloor, SOL’s daily active count has surged tremendously, breaching the 1 million mark. The current count stands at 1.2 million, with an addition of 215K wallets in just two days.
“BREAKING: @solana sees Daily Active Wallets surge to 1.2 million, following the addition of 215K new wallets in just 2 days.”
At the same time, crypto has also surpassed Bitcoin and Ethereum in terms of blockchain trading revenue derived from NFTs.
Solana Weekly Price Prediction: A New ATH Brewing for SOL
With such remarkable metrics in sight, users are now anticipating SOL to show significant price action soon. According to CoinCodex, Solana may easily breach the $180 mark by the end of 2024 to trade at a price level of $181.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 14.31% and reach $183.17 by August 17, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 61 (greed). Solana recorded 18/30 (60%) green days with 5.24% price volatility over the last 30 days.”
For this week, CC adds how SOL may spike by 0.65% to trade or average around the $161 price mark.
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“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $161.28 on July 25, 2024, gaining 0.65% in the process.”