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 $100 after a prolonged year of downward trend. According to recent data, SOL is up by over 8.5% in the last 24 hours and over 19% in the last seven days.
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With the whole cryptocurrency market being volatile, here is our price prediction for Solana (SOL) for this week.
SOL weekly price prediction
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 this week.
Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for this week. For this timeframe, SOL’s minimum price is anticipated to be $104, and its maximum is anticipated to be $118.
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Additionally, experts expect that SOL will trade at an average price of $96 to $100 in February. Changelly experts predict that the SOL price is likely to sustain the $100 level during the week. However, the entire prediction could depend on the overall market sentiment.