solana, has experienced significant growth in the DeFi, NFT, and Web3 markets since its launch in April 2019. While the network has been hosting a number of projects for a while now, it will soon host more.
According to information provided on Solana’s official website, the company’s main value proposition is to continue offering low-cost transactions indefinitely. This makes it a blockchain network in direct competition with other platforms such as Ethereum.
Solana managed to surpass $150 after a long year of downtrend. As we reported as Koinfinans.com, SOL increased by over 2.1% in the last 24 hours. SOL also attracted attention with an increase of over 17% in the last seven days. During this time altcoinrose from $117 to $153 before its current price.
What Awaits the Solana Price This Week?
Various factors such as market conditions, price movement, developments, supply and usage situations will determine whether the Solana price will rise or rise in price throughout the week.
Cryptocurrency experts at Changelly made predictions based on its behavior in early 2024. Analysts expect this week to be active. He noted the potential for SOL to have a minimum price of $155 and a maximum price of $205 for this time frame.
Additionally, experts expect SOL to trade at an average of $170. However, they stated that on the upside, $150 will be protected. However, the entire forecast may depend on overall market sentiment. As BTC struggles to maintain its momentum, it is unclear where SOL will go next.
