The token is a great way to enjoy a variety of activities. rather impressive JulyAnalysts predict that Solana’s stock will hit a new high of 600 dollars in 2024. SOL’s price has dropped slightly over the past week, but still ended the month on a positive note.
In the past 30 days, Solana has grown by over 22%. CoinMarketCap. The token, despite a 0.46% gain in the past day is still hovering around $180. Despite the bullish momentum, traders are still anxious to see where SOL will go in August.
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Solana Could Set $600 Record in 2024 as One Expert Says ‘Mania’ is Coming
Many people have viewed the ETFs approved for Bitcoin and Ethereum as a positive development. Solana as the next in line. The asset made impressive gains all month long thanks to the hype. The token still has a strong position going into August, even though a large part of the anticipation is gone.
Jelle, a crypto analyst notes that Solana may be aiming for a $600 record in 2024. She predicts a huge surge of SOL. This would represent a much higher value than the $260 high it reached in 2021. In fact, the expert took to X (formerly Twitter) Discuss the untapped potential of an asset.
“SOL broke out from the re-accumulation structure,” The analyst stated. They also claimed that the token. “looks ripe to push higher.” Jelle noted a possible increase. “likely soon enters a mania-like state.” The analysts concluded that a SOL new high of $600 was the target.
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Solana is currently at a level that would indicate a rise of over 229%. SOL’s opinion of the crypto-market and its perception by traders should give a good indication if thastr is possible. At the moment, it appears that it may continue to fuel a rise.
SOL has been influenced by the ETF hype, as well as a new legal development. The US Securities and Exchange Commission (SEC) Recently, Binance filed an amended complaint against it.
According to the filing, the agency won’t be attempting to classify Solana ADA or other securities as such. In the near term, it appears to be a win for regulators. It is seen as a win by the market, even though its future status remains unclear.
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Source: watcher.guru