Recently, Solana’s price has attracted significant attention due to various developments in the markets. However, when examining its performance over the past seven days and a month, it is evident that the cryptocurrency has shown weaker results compared to previous months. Despite this, a well-known cryptocurrency expert believes that Solana 
$198 could reach $330 in the coming days.
Solana’s Price Trends
The cryptocurrency market has experienced a strong rally lately, particularly fueled by the optimism surrounding Donald Trump’s election victory. Solana’s price has followed an upward trend alongside other leading altcoins, indicating a growing interest in the cryptocurrency.
The anticipation of a Solana ETF launch in the U.S. is further strengthening market confidence for SOL Coin. Recently, several institutions have applied for a Solana ETF, indicating an increase in institutional investors’ trust in the cryptocurrency. Market experts, including Bloomberg ETF analyst Eric Balchunas, predict that ETF approval could be possible by 2025.
Influence of Solana Meme Coins
Additionally, the rising interest in popular meme coins has contributed to optimistic predictions for Solana. Leading Solana meme coins such as FARTCOIN, BONK, and POPCAT have garnered significant interest, potentially supporting the cryptocurrency’s price further. This trend may continue to grow.
According to a recent report shared by Glassnode, SOL has consistently maintained positive net capital flow since September 2023, indicating positive market momentum for the cryptocurrency. Carl has also announced new all-time high targets for SOL Coin.
“It is likely that Solana’s price will reach $330 in the near future” – The Moon Carl
Another expert, Captain Faibik, has set a $400 target for SOL, suggesting that further upward momentum is possible. This view is supported by similar predictions in market analyses.
In light of recent developments and expert expectations, Solana’s future price movements remain a topic of curiosity. The market dynamics for Solana are supported by both institutional interest and meme coins. Investors should closely follow market trends and expert analyses during this process.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
