Solana: SOL Reaches Yearly High, Can it Hit $100 By Christmas?

Paigambar Mohan Raj
Solana SOL

Solana (SOL) has rallied 8.3% in the daily charts, hitting a new yearly high of $75.87. The token is up by 6.7% in the weekly charts, 25.2% in the 14-day charts, and 30.9% over the previous month. Moreover, SOL has rallied 519.5% since December 2022. Since January, the asset is up by a whopping 661.75%. SOL’s performance in 2023 has outshined all the major crypto projects. Bitcoin (BTC), on the other hand, has surged by about 160% since the beginning of the year.

Source: CoinGecko

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SOL’s growth in 2023 has been especially commendable, given that the project was one of the worst affected after the collapse of FTX. SOL’s price fell to a low of $9.60 by December end of 2022 but has made significant gains since.

Will Solana (SOL) hit $100 by Christmas?

Source – Coin Culture

According to Changelly, SOL’s price will continue to hover around $75 till Dec. 28, 2023. The platform predicts a price of $75.24 on Christmas Day 2023, which is very close to current levels. However, Changelly anticipates SOL’s price to reach $80.69 on Dec. 31, 2023.

Also Read: XRP vs Solana SOL: Who Will End 2023 on Top in Market Cap?

CoinCodex also does not expect Solana (SOL) to hit $100 on Christmas. However, the platform still anticipates SOL’s price to rally on Christmas Day. According to the firm, SOL could reach a price of $78.98 on Dec. 25, 2023, a growth of about 4.1% from current levels. Moreover, COinCodex anticipates SOL to continue rallying into early January 2024.

Source: CoinCodex

Telegaon expects a maximum price of $101.14 for Solana (SOL) in 2023. If SOL reaches $101.14, it would translate to a growth of about 33.3% from current levels. However, Telegaon does not clarify when SOL could reach this target.