Solana Social Sentiment Jumps To New Highs Amid Apple Rumor

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Amongst several cryptocurrencies in the spotlight, Solana (SOL) stands out, shining brighter regarding social media sentiment. According to blockchain analytics platform Santiment, Solana received five positive comments for every negative narrative about the Layer-1 blockchain on Friday. This marked the highest positive sentiment that the network has seen in the last three weeks.

Standard Chartered Predicts 400% Price Rally For SOL 

The latest sentiment coincides with news of a potential integration of Apple with the Solana ecosystem. Generally, this rumor has fuelled hype within the ecosystem, sidelining the lack of an official announcement. Most traders are now watching for an upward movement in SOL’s sentiment. CoinMarketCap data shows that the asset is currently trading at $145.56.

Meanwhile, Standard Chartered has ignited the speculations surrounding SOL by predicting a 400% increase by 2025. The firm ties its prediction to certain political contingencies. Should the United States end up with a pro-crypto president, Standard Chartered sees SOL heading to $700. This forecast is beginning to raise questions in traders’ minds. 

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Traders Expect 5X Increase For SOL

Traders are very optimistic about how high SOL can go. Some expect a double-digit surge that will trigger SOL to break above $150. Furthermore, others anticipate that the coin’s price will increase fivefold. Analysts have warned that a possible inflation to SOL’s price at this time could fuel the rumor of Apple’s integration.

In the meantime, the crypto asset is in its consolidation phase, underscoring a ‘battle line’ between bears and bulls. SOL’s current price is close to its 34-period and 89-period Exponential Moving Averages (EMAs). Hence, its momentum is slightly bullish, suggesting that it could hit $150, the next key level. 

Solana’s Key Features Lauded

Solana has surpassed Ethereum in staking ratio, with 68% of the SOL supply staked compared to Ethereum’s 28%. The coin is expected to do well in the coming year, likely hitting a new all-time high (ATH). The Solana ecosystem’s focus on scalability makes it more attractive to other projects, spurring them to ink strategic partnerships with the L1 blockchain. 

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Significantly, Solana supports Decentralized Applications (dApps), making it a tough competition for Ethereum and Cardano. Its transaction speed and the listed functionality may drag utility to the network

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