Solana Weekend Forecast: Can SOL Hit $150?
Solana (SOL) did not see as much of a decline as the rest of the market. The asset saw a far smaller dip than the market as a whole, falling by just 7%. Over the past seven days, SOL has increased by 7%. The cryptocurrency was trading at $142, slightly away from the $150 milestone, at the time of writing. Even if the SOL market was now declining, investors were expecting a positive weekend.
According to data from Changelly, Solana is expected to trade around the $144 level this weekend. While Friday will start at $145, the asset will dip to $144 on Saturday and Sunday. This is a dainty 2% increase from its current levels.
Also Read: Bitcoin & Ethereum Ruled as Commodities in Illinois, CFTC Chair Says
Solana’s Bright Future
Recent research and market sentiment pushed a cryptocurrency analyst from the VirtualBacon YouTube channel has set high goals for both Bitcoin and Solana. By the end of 2025, Bitcoin is expected to have a market cap of around $5 trillion. This translates to a price of $250,000 per coin.
Solana’s SOL has similarly optimistic estimates. The asset may reach a high of $800. The asset’s market cap has increased from 0.75% to 3% over the last year. The prediction was based on this surge. Solana’s price may reach even greater heights if its market share achieves 5%. In addition, Solana’s growing supply comes into play here. The asset is expected to reach 625 million tokens by 2025. The analyst said,
“I had estimated a price of $240 to $250 based on a lower market dominance assumption for Solana. But with its current growth, I now expect Solana’s price to reach around $480, assuming a 3% market dominance. If Solana’s market dominance increases to 5%, the price could potentially reach $800.”
Also Read: Bitwise Says SEC is Open to Solana ETF After Ethereum Launch
Read More
Solana Weekend Forecast: Can SOL Hit $150?
Solana (SOL) did not see as much of a decline as the rest of the market. The asset saw a far smaller dip than the market as a whole, falling by just 7%. Over the past seven days, SOL has increased by 7%. The cryptocurrency was trading at $142, slightly away from the $150 milestone, at the time of writing. Even if the SOL market was now declining, investors were expecting a positive weekend.
According to data from Changelly, Solana is expected to trade around the $144 level this weekend. While Friday will start at $145, the asset will dip to $144 on Saturday and Sunday. This is a dainty 2% increase from its current levels.
Also Read: Bitcoin & Ethereum Ruled as Commodities in Illinois, CFTC Chair Says
Solana’s Bright Future
Recent research and market sentiment pushed a cryptocurrency analyst from the VirtualBacon YouTube channel has set high goals for both Bitcoin and Solana. By the end of 2025, Bitcoin is expected to have a market cap of around $5 trillion. This translates to a price of $250,000 per coin.
Solana’s SOL has similarly optimistic estimates. The asset may reach a high of $800. The asset’s market cap has increased from 0.75% to 3% over the last year. The prediction was based on this surge. Solana’s price may reach even greater heights if its market share achieves 5%. In addition, Solana’s growing supply comes into play here. The asset is expected to reach 625 million tokens by 2025. The analyst said,
“I had estimated a price of $240 to $250 based on a lower market dominance assumption for Solana. But with its current growth, I now expect Solana’s price to reach around $480, assuming a 3% market dominance. If Solana’s market dominance increases to 5%, the price could potentially reach $800.”
Also Read: Bitwise Says SEC is Open to Solana ETF After Ethereum Launch
Read More