Solana Surges 30%: How High Can SOL Go This Weekend?

Vignesh Karunanidhi
Can Solana (SOL) Reclaim $200 This Week?
Source: YouTube

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 soon.

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.

Solana had breached the price level of $130 after a prolonged year of downward trend. According to recent data, SOL has been up by over 2.3% in the last 24 hours. SOL is also up by over 30% in the last seven days. During this period, SOL surged from $98 to a high of $135 before falling to its current price.

With the whole cryptocurrency market being volatile, here is our price prediction for Solana (SOL) for the weekend.

Also read: Ripple: XRP Surges to $0.6: Eyes $1 Next

SOL price prediction for the weekend

Solana SOL

Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL can shoot up or go down in price during the weekend.

Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for the weekend. For this timeframe, SOL’s minimum price is anticipated to be $116.25, and its maximum is anticipated to be $131.59.

Also read: Ethereum: Your ETH Investment in Nov 2022 Would Be Worth This Much

Additionally, experts expect that SOL will trade at an average price of $131. Changelly experts predict that the SOL price is likely to sustain the $130 price level this weekend. However, the entire prediction could depend on the overall market sentiment. With BTC struggling to keep up its momentum, it’s uncertain where SOL is headed next.