solana While its price increased by over 4% in the last 24 hours and traded at $60.77, it managed to increase its gain over the last week by over 17%. Completing its performance in the last month with an impressive rate of 84.25%, SOL has increased by nearly 200% in the last six months. The altcoin, which has had a very turbulent past year, has risen over 500% since January 2023.
According to CoinCodex, Solana price may remain at a price of $58.86 until December 4, 2023. This represents a slight decline from current levels. Moreover, the platform offers a strong prediction that SOL will remain above $60 towards the end of December.
The machine learning algorithm at PricePredictions also predicts Solana to reach $58 by December 4, 2023. Moreover, the platform expects the token to surpass $60 by December 6, 2023.
On the other hand, Changelly predicts that the SOL price will trade at around $57 on December 4, 2023. Moreover, the platform expects SOL to reach $61 by December 10, 2023.
Will Solana Maintain Its Rising Momentum?
SOL has recorded a steady inflow of funds over the last few months. According to CoinShares’ latest funds flow report, SOL recorded inflows of $12.4 million in the previous week. Ethereum (ETH) led the race among altcoins with $49.1 million, the most significant entry since August 2022. Bitcoin (BTC) experienced the highest fund inflow with 240 million dollars. altcoin happened.
Continuing the inflow of funds may mean that investors are bullish on the project and expect it to continue to rise. Moreover, many analysts have predicted that SOL will continue its upward trajectory, at least in the near term. ChatGPT also predicted that SOL could rise by 700% and reach $500 by 2024.
SOL’s performance this year is particularly commendable considering that a US court gave the green light to FTX’s request to liquidate SOL’s assets. The now-defunct exchange has over $1 billion in SOL. Despite liquidation fears, investors continue to stock SOL.