Solana, a cryptocurrency token that is gaining popularity in the crypto-world. Solana is currently hailed as one of top chains for interactivity. The Solana chain is home to a large pool of meme coins that are crucial for diversifying SOL’s ecosystem.
Solana achieved a major milestone recently, and this will certainly help to attract new volume in its ecosystem. Let’s explore how high SOL can go with this key metric.
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Solana outperforms leading chains in daily active wallet count
Solana outperformed all other leading chains on the basis of active daily wallet counts. SOL hosts 5.4million daily active wallets. Solana set an unprecedented record and has dominated layer 1 as well as layer 2 blockchains.
“BREAKING: Solana Hits New Record with 5.4M Daily Active Wallets on September 9th, Outpacing All Other Blockchains. Solana sets an all-time high, dominating Layer-1 and Layer-2 blockchains with 5.4 million daily active wallets.”
Popcat Meme Coin Surges
In addition, Solana’s newest meme coin, Popcat, is again surging high in metrics. The token is snowballing and has surged past the ambitious $600 million market cap.
Solana As A Portal For Potential Meme Coins
Solana’s being dubbed as a portal for potential meme coins has contributed significantly to its ecosystem. SOL’s thriving ecosystem is compelling analysts to share a bullish forecast for SOL in the long run.
Analyst’s Price Prediction For SOL
A notable crypto analyst on X, Curb, has issued a new price prediction for SOL. He shared how the token is currently in the consolidation phase, with SOL trading between $120 and $210. When the consolidation eventually breaks, it may help SOL surge to a whopping $400 in no time.
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Technical Analysis Of The Token: September
According to CoinCodex, Solana is currently trading at a price range of $132. The platform predicts SOL will hit the $155 price mark by the end of September 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 14.60% and reach $155.31 by October 10, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 33 (fear). Solana recorded 13/30 (43%) green days with 6.34% price volatility over the last 30 days.”
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Similarly, CC shares that SOL can breach the $250 price mark around March 2025, trading at the $260 price level in the process.
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Source: watcher.guru