Solana is one of the top trending tokens in the cryptocurrency market. The token forged its identity in 2024 and has since become incredibly popular as it evolved into a central chain harboring some of the famous meme coins. Given some of the latest developments surrounding the chain, here’s how high Solana can peak in October.
Also Read: Warren Buffett’s Hidden Gem: Could This US Stock Hit $310 Soon?
Solana: New Developments
Solana is currently trading at $151 and is bound to increase as new rumors surround the cryptocurrency token. According to a post by Santiment, the speculation regarding the corporate giant Apple building on Solana is spreading like wildfire on the internet, giving more hype to Solana’s price trajectory.
At the same time, the token’s impeccable success in all domains fortifies its presence in cryptocurrency, making it a leading coin to keep an eye on.
Per Solanafloor, SOL’s total meme market cap has surpassed $10B, with an active trading volume of $2B in the last 24 hours.
The portal also outlined how Solana’s spot DEX metrics have also displayed incredible stats this year, peaking at $480 billion year to date in 2024.
Santiment later outlined another compelling insight concerning Solana. The portal shared how traders and investors are currently projecting a bullish sentiment for Solana, looking forward to the token hitting a new ATH soon.
“Updating our Solana post from Friday, SOL traders and investors have now pushed the positive sentiment of the #5 market cap coin to a 9-month high. There are currently 5.6 bullish posts for every 1 bearish post across X, Reddit, Telegram, 4Chan, and BitcoinTalk.”
Also Read: Dogecoin May Break Yearly Highs “Any Moment Now”-Per Analyst
The Token’s Price Prediction
According to CoinCodex, Solana may surge and peak to hit the $167 mark by the end of October. At the same time, it may surge nearly 13% to claim the price mentioned above mark.
“According to our current SOL price prediction, the price of SOL is predicted to rise by 13.73% and reach $167.62 by November 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 48 (neutral). Solana recorded 14/30 (47%) green days with 5.05% price volatility over the last 30 days. Based on the Solana forecast, it’s now a good time to buy SOL.”
Also Read: Shiba Inu: 55% of Investors Will Quit Their Jobs if SHIB Hits $0.01
Credit: Source link
