Solana, a crypto-token that has been dominating the Web3 world in recent times, is one of its best performers. SOL is a token that has proved its worth from every angle, winning over leading verticals. SOL tokens have a positive price outlook, driven primarily by meme coin fever that has taken SOL prices to new levels.
The Persistence of the People CoinMarketcapSolana currently trades at $173, with the potential for an upward price rise to $200.
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Solana Flips Ethereum Activity Metrics
Solana is charting a new price course for itself as the token’s increasing popularity continues to testify to its inevitable price rise. According to Solana Floor’s SOL, Ethereum was recently traded in volume on the chain in just 24 hours, which proves its resilience.
Solana’s stellar popularity peaks are primarily driven by the increased levels of meme coin production that the network is harboring as of late. Solana has recovered most of its value and is now basking in new price levels that it has achieved in this bull market.
As per CoinMarketCapSolana’s value has risen by nearly 700% during the last 12 months, and then by 19% for the month of September. The token currently trades at $173. This fuels hopes that the price will soon surpass $200.
Solana Weekend Price Prediction
The Persistence of the People CoinCodexSolana has been creeping closer to the $175 mark. The token may notably gain a slight uptick of 0.89% by June 11–12 to trade at a price level of $174.
CC also predicts the continued display of SOL “to and fro” The momentum will last until June 13th, when it is time to prepare for an impressive price increase.
“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $ 174.13 on June 12, 2024, gaining 0.87% in the process.”
Solana June Forecast
Solanas’s price prospects look particularly favorable for the month of June, as the token seems to be preparing for a notable price hike. According to CoinCodex SOL could spike up by almost 15%, reaching a price of $199.
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“According to our current Solana price prediction, the price of Solana is predicted to rise by 15.32% and reach $199.07 by July 5, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 75 (greed). Solana recorded 13/30 (43%) green days with 6.90% price volatility over the last 30 days.”
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Source: watcher.guru