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 in the near future.
Also read: Binance.US Faces SEC Allegations of Fictitious Crypto Wash Trading
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. Before delving into price predictions for SOL, let us first explore the key aspects of Solana and its native token, SOL.
SOL price prediction for July-end 2023
Various factors such as market conditions, price action, developments, supply, and use cases will determine whether SOL can shoot up in price by July-end 2023.
Based on SOL’s behavior at the start of 2023, cryptocurrency experts at Changelly offer their price prediction of Solana for July-end. For July-end , SOL’s minimum price is anticipated to be $22.38. The maximum price expected is $25.27 It is anticipated that SOL will trade at an average price of $23.83.
Also read: Elon Musk Reclaims Title as World’s Richest Person
According to CoinMarketCap data, Solana is trading at $23.23, with a 7% drop in value over the last 24 hours.