The post Can SOL Reach $150 by End of Weekend? appeared on BitcoinEthereumNews.com.

Solana price prediction: SOL has shown remarkable recovery over the past 24 hours after a bullish comeback sparked by significant market enthusiasm. The SOL price is currently hovering above $139, with more gains anticipated as investor sentiment continues to improve.  As of the time of writing, the altcoin hovered at $139, with a strong surge of over 9% during the US trading hours.  According to CoinMarketCap data, Solana’s current market cap is $64 billion. This resurgence aligns with recent developments and investor optimism in the cryptocurrency sector, highlighting Solana’s growing appeal among digital asset investors. Solana Price Prediction: What Next After SOL’S Sharp Rebound? Solana price saw a modest decline over the past week, falling by more than 1%. The cryptocurrency fluctuated between $122 and $150, hitting its monthly low at $122 before a sharp rebound on Friday. Despite the recent downturn, the market is showing signs of recovery, with Solana poised for further gains. Solana Price Prediction In broader market news, major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, have recorded increases of 4%, 3%, and 12%, respectively, in the past 24 hours. This resurgence has also sparked interest in the Solana-based meme coin, Dogwifhat, which has soared by over 23% during the same timeframe. This suggests a growing momentum in the market as participants rally around these digital assets. Increased TVL and Active Addresses According to DeFiLlama, Solana is currently experiencing a strong bullish trend in the cryptocurrency market. The Total Value Locked (TVL) in Solana has reached a remarkable $4 billion, signaling robust growth and increased investor confidence. Additionally, Solana has reported significant activity, with over 842 million active addresses engaging on the network within the same timeframe. The platform’s utility is also evident from its generated revenue of $516 million and fees amounting to $1 million in…

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Filed under: News - @ July 6, 2024 8:12 pm