Solana has recently been disrupting the crypto market space with its consistent price rise. SOL was recently awarded the best crypto of the year award by CoinMarketCap, boosting its popularity up a notch. With its steady price ascent, Solana SOL is gradually inching towards breaching the ambitious $150 mark.
Solana’s SOL has witnessed one of the most remarkable price surge trajectories this crypto bull season. Despite experiencing network outages and interruptions, SOL has kept its pace steady. The coin has surged more than 50% in the last 30 days, followed by a rise of 5% in the last seven days.
At press time, the crypto is trading at $144.12, up 5% in the last 24 hours.
Also Read: Solana: SOL Price Prediction for March End
Solana SOL Weekend Price Prediction: Can SOL Breach the $150 Mark?
A recent tweet by crypto analytics platform Santiment has sparked a flurry concerning Solana’s future price ascent. The platform noted that SOL is consistently rising at a gradual pace, which “could” ultimately lead the coin to break the $150 mark by this weekend.
“Solana is on the brink of crossing $150 for the first time since January 16th, 2022. Crowd sentiment is leaning slightly #bullish toward #5 market cap $SOL.” The analytics platform was later shared.
Solana’s recent price uptick has been triggered by multiple reasons. To begin with, Pantera, a notable crypto firm, seems to be taking an interest in accumulating SOL tokens. Reports further add how Pantera is looking forward to raising funds to purchase FTX’s $250 million worth of SOL tokens.
The news went viral on all fronts, driving SOL prices up a notch.
Also Read: Solana’s DeFi Ecosystem Soars: Can SOL Hit the $3 Billion Mark?
As per another prominent crypto analytics platform, CoinCodex, the price of SOL may rise by another 5% on March 9, ushering in a new all-time high for the crypto. The crypto could climb to the $153 price threshold if the current market momentum favors Solana’s price ascent.
“In the last month, the SOL/USD pair has been up 49.72%. The 1-year performance of SOL/USD is 672.63%.” the platform further noted.