Solana Weekly Price Prediction: Can SOL Hit $200?

Vignesh Karunanidhi
Solana Weekly Price Prediction: Can SOL Hit $200?
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 $200 after a prolonged year of downward trend. However, according to recent data, SOL has been down and is in the $170 range.

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

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SOL price prediction for the week

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 week.

Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for the week. For this timeframe, SOL’s minimum price is anticipated to be $169, and its maximum is anticipated to be $174.

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Solana has been on a positive trajectory recently. SOL recently plunged as low as $119 amidst the recent market crash. However, SOL has gradually picked up pace at the moment. SOL is currently trading at $177, with a 1.4% surge in the last 24 hours and 27.2% in the last seven days.

Changelly experts predict that the SOL price is unlikely to reclaim $200 this week. However, the entire prediction could depend on the overall market sentiment. If the market proves to be bullish and BTC gains traction, the entire prediction can prove to be inaccurate.