Solana was predicted to lead crypto markets next SOL token has recovered and is now back at $150. Indeed, Real Vision CEO Raoul Pal Solana, who had a dismal performance in the month of June, could be a key player for this industry.
According to Reuters, Solana’s share price has risen by more than 3 percent in the past 24 hours. CoinMarketCap. In addition, in the last seven days the token price has risen by 17%. Pal talked about a “banana zone” SOL is leading a potential long growth period.
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Solana could lead next bull rally as it surges 17% in seven days
Solana hit a new low on June 24, falling to $122 while struggling with the rest of cryptocurrency. This changed over the weekend when the token reached $139 lows, an impressive improvement. One expert predicted that the token would be among the top performing assets in the future. next Bull Cycle
Raoul Pal has recently highlighted two key factors that may allow Solana, as SOL aims to reach $150 again, to be the leader of a bull market. First, NFT compression. This development will improve the Solana Blockchain and increase the scalability.
Firedancer, on the other hand, is a software for validation that will improve Solana. The third-party software will improve the speed and efficiency of the network. Pal has decided to invest 90% of its crypto funds in the blockchain because of these two factors.
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ETF hype will benefit tokens as well. Last week. GSR Markets Report released by a company highlighting Solana’s ETF potential. SOL, specifically, was noted as a member of crypto’s “big three”. SOL would receive the same treatment for exchange-traded products as Ethereum or Bitcoin this year.
“Solana has cemented itself as part of crypto’s Big Three,” “The firm” said. “And with the others having or on the cusp of spot ETF, not only is it likely just a matter of time before Solana gets one too, but also the impact on SOL just might be the largest yet.”
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Source: watcher.guru