solana The price is looking for an opportunity to advance to the $ 200 target after its strong rally in 2023.
As we reported as Koinfinans.com, SOL jumped from $30 to $120 with the rally it recorded within three months. The performance helped it surpass the total value of assets such as USDC, XRP and BNB.
Solana price is trading below $100 at $97, down by up to 15% in the last 24 hours.
Despite the price drop, the SOL community thinks the altcoin could surpass $200 before the end of 2024. It is important to remember that SOL hit an all-time high (ATH) on November 6, 2021 at $259.96. However, after the collapse of FTX, the price lost a lot of value. The decline in price once even extended below $10.
For the price to exceed $200, a performance of nearly 100% is currently required, which is a very serious rate. Whales, on the other hand, move large amounts of SOL daily from exchanges to various unknown wallets and vice versa.