Solana is currently a hot topic in the crypto market. This has been due to its recent meteoric rise. It is now up a whopping 15% over the past 24 hours and has broken a new ATH level of $200.
The Solana seems to be on a steady upward trajectory, as analysts have predicted the SOL will soon reach a milestone.
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Solana’s $200 Barrier: Why Has It Been Raised Today?
Solana has one of the highest growth rates in the cryptocurrency market. SOL grew exponentially in the last few months. It has overcome barriers to become the 4th biggest crypto according to market cap.
It has been named as the top cryptocurrency for the past year. CoinMarketCap. CMC noted that SOL was constantly working to improve its network, which included making improvements on the blockchain.Â
Solana’s recent price ascent comes in the wake of the latest network improvement It is clear that blockchain technology has become more and more embedded. SOL is still thriving despite gradual network failures. work It is important to fight hard against competitors. Solana is a platform that developers have been working with for years. They are currently improving the network and its ability to adapt.
Crypto market prices have been rising with the increase in transaction volumes related to NFTs.
Solana’s price has been given a boost by the bullish cryptocurrency market.
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Solana will break the $250 threshold
As per CoinCodexSOL will continue to grow in the market. Solana, according to analytics platforms, may easily breach $250 in the near future, since it’s following the current bullish trend.Â
According to the most recent forecast, SOL could very well surpass the $250 mark on March 24. This is if the company continues with their consistent price increases. SOL is predicted to reach $296 before March 25. It will be a record high.
“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 $296.02 on March 25, 2024, gaining 48.97% in the process.”
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Source: watcher.guru