Solana (SOL) has outperformed every significant crypto project in 2023. Since January of this year, SOL has surged by over 600%. The asset’s price recently hit a new yearly high of $83.22 and seems to be continuing on its bullish path.
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SOL is currently up 11.4% in the daily chart, 18.8% in the weekly chart, and over 48% since the last month. The token has also surged by over 588% since December 2022.
Solana (SOL) price prediction for December-end 2023
According to Changelly, SOL could hit a price of $80.69 on Dec. 31, 2023, a rise of about 6.72% from current levels. However, the platform anticipates SOL to fall to mid-$70 levels in early January 2024. Nonetheless, Changelly expects SOL to gain momentum by mid-January 2024.
CoinCodex, on the other hand, anticipates Solana (SOL) to hit a price of $75.99 on Dec. 31, 2023, a rise of about 0.5% from current levels. However, the platform predicts SOL to gain momentum in early January 2024. According to CoinCodex, SOL will breach the $80 mark by the first week of January. Moreover, the platform expects SOL to hit $90.23 by Jan. 16, 2024.
Telegaon anticipates SOL to reach a maximum price of $101.14 in 2023, a rise of around 33.77% from current levels. However, the platform does not clarify when SOL might reach this target.
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However, there is a possibility that Solana (SOL) will face a price correction soon. FTX has begun selling its holdings to reimburse creditors and clients. A majority of the exchange’s holdings are of SOL tokens. FTX reportedly has over $1 billion worth of SOL tokens. Selling the assets in the market may cause a sudden correction in price. According to reports, the exchange sold cryptocurrencies worth almost $500 million in December 2023.