Solana (SOL) is experiencing a series of bullish developments, the SOL token rises by +38% in recent weeks. After recently regaining a top 10 position in the cryptocurrency market, SOL sits at number 7.
Solana has announced several bullish developments that have resulted in a +38% increase in the price of its native asset in the last 21 days. In late August, Solana revealed that Shopify stores can now use Solana Pay to process customer payments on the e-commerce platform.
Shortly after, Visa announced that it had chosen Solana to launch its cross-border settlement system. Visa is one of the largest payment processors in the world and the company is constantly looking for new ways to improve the efficiency of its operations.
By the end of September, SOL had regained its position in the top 10 of the cryptocurrency market. A +4.53% move on September 28 accompanied the release of the project's latest protocol update, known as v1.16.
CoinCodex's price prediction algorithm expects SOL to continue its bullish move in the coming months, pointing to a retest of its yearly high in the next 30 days followed by a sustained advance towards the end of the year. By December 31, 2023, the algorithm expects SOL to have risen +64.99% from the current level, with prices expected to reach $47 to form a new yearly peak.
Solana has announced several bullish developments that have resulted in a +38% increase in the price of its native asset in the last 21 days. In late August, Solana revealed that Shopify stores can now use Solana Pay to process customer payments on the e-commerce platform.
Shortly after, Visa announced that it had chosen Solana to launch its cross-border settlement system. Visa is one of the largest payment processors in the world and the company is constantly looking for new ways to improve the efficiency of its operations.
By the end of September, SOL had regained its position in the top 10 of the cryptocurrency market. A +4.53% move on September 28 accompanied the release of the project's latest protocol update, known as v1.16.
CoinCodex's price prediction algorithm expects SOL to continue its bullish move in the coming months, pointing to a retest of its yearly high in the next 30 days followed by a sustained advance towards the end of the year. By December 31, 2023, the algorithm expects SOL to have risen +64.99% from the current level, with prices expected to reach $47 to form a new yearly peak.