Once again, Solana is at the center of bullish predictions. Week after week, the cryptocurrency Solana has demonstrated its resilience to volatility and its growth potential. Is it soon time to go even higher?
Solana: The crypto with endless potential
The potential is still present on Solana, and as a result, predictions are abundant, especially positive ones. In fact, the most optimistic predictions forecast Solana reaching $1,000. While analysts and AI are confident in this price point, the question now is when will it be achieved?
Currently, the SOL token is trading at $168, experiencing a 1.92% increase in the last 24 hours.
However, most importantly, over the past month, the asset has increased by 21%. In addition, its annual increase since January 1st is 65%. This is despite falling from its yearly peak of $200 in March for SOL.
As Solana continues to attract institutional investors and rumors of Solana ETFs emerge, the project’s market capitalization exceeds $75 billion.
Here are the price predictions
Analysts are optimistic about the upward trend of SOL’s price. According to Tardigrade, there is no doubt that Solana’s token will eventually reach a price of $1,000. This is at least the reasoning shared by the analyst in one of their recent posts on X.
By surpassing its second triangle, the token would now be well on its way to reaching new heights, potentially exceeding $1,000 in the coming weeks.
For AltcoinSherpa, the initial goal would be to reach $200. Once that milestone is achieved, the token should aim even higher, with the specific price target still to be determined.
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