As this year ends, the recent performance by Solana (SOL) positions it as one of the biggest gainers this year, especially in the previous month, where it added almost 80% to its value.
Cryptocurrency traders and investors contemplate SOL’s potential price ranges in the coming year.
Despite still being below its all-time peak of $246.67, this crypto displays indications of recovery in the recent period, which has driven its price above the $100 threshold for the first time in 2023 and propelled its market capitalization to fifth place among cryptocurrencies.
Binance is the world's leading cryptocurrency exchange, catering to 169 million registered users in over 180 countries. With low fees and over 350 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.
According to CryptoSlate, a court filing on December 27 showed that the bankrupt FTX sought court approval to estimate its customers’ digital asset claims based on the date of bankruptcy (November 11, 2022), at $16,871 for Bitcoin and $1,258 for Ethereum, SOL is $16 and AVAX is $14.19. FTX creditors criticized the motion as grossly undervaluing the digital asset.