Solana (SOL) has been touted as one of the best-performing assets this year. The altcoin went from trading at a low of $19 just a year ago to a high of $200 and beyond. This marked a 670% spike in just 12 months. Currently, following a slight setback, SOL was trading at $150.39 with a 2% rise over the past 24 hours.
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But the asset has been struggling lately. The price of the asset was moving sideways over the past couple of days. This further instilled pessimism among investors. Currently, SOL is 42% below its all-time high of $260. Therefore, the market is hoping for the asset to claim the $300 level by the end of the year.
According to CoinMarketCap’s Community Sentiment tracker, about 82% of the altcoin’s investors were bullish about SOL’s potential ascent. A dainty 18% of them were seen siding with the bear. This result was based on 17990 votes on the platform.
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Solana Prediction For The Rest of 2024
Changelly had bad news for Solana SOL investors. Data from the platform revealed that Solana will continue trading at its current level. Changelly notes that the highest the asset will rise to is $156 in the next three months. While the last quarter is expected to be bullish for the overall market, SOL will be moving slower.
It should be noted that if Solana manages to rise by 600% as it did over the past 12 months, the asset will trade at $1,000. With the network’s current partnership with Google Cloud and a potential surge in the overall market, the asset could see a notable spike in the last quarter of 2024.
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