Solana, or SOL for short, is making news in the cryptocurrency industry because of FTX’s wallet. In the midst of this confusion, cryptocurrency traded at $134.03 with a drop of 0.26% over the past 24 hours. Altcoins have dropped from $136 to $133 today, after reaching a recent high.
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Solana’s current performance and future prospects
The daily volume for the Solana Network also dropped dramatically. CoinMarketCap reports that the volume of SOL has dropped by 35% to $1,310.178.977.
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Is $200 Still a Wish for Solana Solana?
Because the cryptocurrency market is unpredictable and volatile, it’s possible that this asset will experience major price changes. Solana, however, will have a disappointingly slow September.
Changelly’s data shows that SOL should reach $143 as its highest price in this month. The asset would have to grow by 40% in order for it to reach the $200 mark.
Historic Performance and the Potential of New Highs
Note that in November 2021, the asset reached its all-time peak of $260. SOL currently sits 48% under this price. This might not seem like much, but Solana’s stock has risen by 638 percent in the last 12 months.
Delayed Bullish Surprise
Curb says that the price of Solana is moving within a relatively narrow range since 170 day. Curb is also expecting SOL to be a big hit in the near future.
SOL is up over 600% from where it was just one year ago. So a price of $1,000 would represent a gain of almost 600%.
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Source: watcher.guru