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.
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.
Also read: Shiba Inu Burn Rate Soars by 4467%, 654 million SHIB Burned
SOL price prediction for Mid-July 2023
Various factors such as market conditions, price action, developments, supply, and use cases will determine whether SOL can shoot up in price by mid-July 2023.
Based on SOL’s behavior at the start of 2023, cryptocurrency experts at Changelly offer their price prediction of Solana for mid-July. For mid-July, SOL’s minimum price is anticipated to be $21.19. The maximum price expected is $26.38. It is anticipated that SOL will trade at an average price of $23.79.
Also read: Vitalik Buterin Advocates for Bitcoin’s Exploration of Layer-2 Solutions
According to CoinMarketCap data, Solana is trading at $21.23, with a 0.5% drop in value over the last 24 hours.