Solana (SOL) became one of the best-performing cryptocurrencies, gaining over 1,000% in value in 2023. So, can it maintain this performance in 2024?
What Do Analysts and Experts Say?
Leading analysts and experts predict that the upward trend in Solana will continue. Popular cryptocurrency analyst Ali Martinez predicts that Solana could rise to $163 if it makes a strong close at $110.
The popular content creator and investor named JAKE believes that Solana will perform better than Ethereum. JAKE claims that as a result of Solana's partnerships over the last few months, the price of SOL will rise to levels not seen in the last year.
Reasons for Solana's Rise
The reasons for Solana's rise include:
Solana is a smart contract platform with high transaction speed and low transaction fees.
Solana has established many important partnerships over the last few months.
Solana's ecosystem is growing rapidly.
If Solana ETFs Are Approved
Cryptocurrency trader and analyst Alex Krüger predicts that a Solana ETF will launch in the US next year. The SEC's approval of spot Solana ETFs in the USA may result in more money entering the Solana ecosystem.
Conclusion
Solana is a cryptocurrency with strong technical fundamentals and growing popularity. It is expected to continue this performance and reach an all-time high in 2024.
