April will be a crucial month for the digital assets market. It will be the month when Bitcoin’s supply is split in two, which has a major impact on its price, and that of other digital assets. Could SOL’s price reach a new ATH after the recent rise of Solana? Bitcoin Halving Event?
According to the latest countsdown, this event will take place on 19th April. Solana may be planning to capitalize on the 21% growth it has seen in the past 30 days, to reach new heights. However, it could face some resistance due to its recent struggles with its network. We’ll explore the potential performance of its price and find out what might be coming up for end-of-April.
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Solana (SOL), Remains the Leader in 2024
![Solana](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Is-a-New-ATH-Likely-Following-the-Bitcoin-Halving.jpg)
In the last few months, Solana has grown in popularity. It hasn’t stopped either. CoinGecko Noting that Solana DEX exchanges led in the trading volume for the past 24 hours. It is also the fourth time in a month the network has performed better than the blockchain that dominates, Ethereum.
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But the question remains – will this trend continue in this critical month? Solana’s (SOL), in particular, could reach a new high during the Bitcoin halving. The native token, however, is at risk of a surge due to the network congestion that has severely affected users.
The following is a breakdown of the. report from The BlockSolana’s developers worked together to resolve the issues with network that affected its users. The blockchain was reported to have failed 75% of transactions last week. The price could be affected, but this may not stop a significant rise.
Bitcoin Halving to bring new ATH
![bitcoin in halves](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Is-a-New-ATH-Likely-Following-the-Bitcoin-Halving.jpeg)
![bitcoin in halves](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Is-a-New-ATH-Likely-Following-the-Bitcoin-Halving.jpeg)
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Solana started the year at $102, but it currently trades at $180. CoinMarketCap. This is a rise of over 75% from the start of this year.
SOL’s highest point was $202 in March. This represents a greater growth. To reach the highest level, SOL would need to grow by another 31% in order to surpass $260. This figure is not impossible, considering that the increase in March was more than 24 percent.
Solana, who has experienced a phenomenal rise this year, is undoubtedly an asset. It is expected to continue growing in popularity as the event of halving approaches. The asset has a great chance to end April with a milestone price, despite the fact that nothing is guaranteed.
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Source: watcher.guru