The post Solana Blockchain Breaks New Records, SOL Price to $1000? appeared on BitcoinEthereumNews.com.

Solana blockchain continues to make waves in the crypto market as it breaks new records in network usage and experiences significant price momentum. Cyber Capital founder and CIO Justin Bons highlighted Solana’s recent performance, sparking discussions about further bullish rally for SOL price. Justin Bons Spotlights Solana Blockchain’s Performance Bons stated, “SOL is breaking new records today, with usage topping out at a whopping 1511 True TPS. This is more than all other chains COMBINED!” Bons further explained that even after accounting for consensus and failed transactions, Solana’s True TPS remains strong at “1284,” reaffirming its leading position. Solana price has surged significantly since early November, riding the bullish wave seen across the crypto market. The rally is largely driven by Bitcoin’s ascent past $108,000, which has lifted overall investor sentiment. Analysts remain optimistic about Solana’s potential, with speculation around its future price, including projections that SOL could eventually hit $1,000. SOL is breaking new records today, with usage topping out at a whopping 1511 True TPS This is more than all other chains COMBINED! Even if we deduct for consensus TXs & failed TXs; (1511×0.85=1284): SOL still comes out on top Hate SOL all you want, but do not deny its success: pic.twitter.com/eqnNAdDNKW — Justin Bons (@Justin_Bons) December 17, 2024 Reaching this milestone requires a 360% surge from Solana’s current price levels. At the time of writing, SOL is trading at $225.48, marking a 3.45% increase in the last 24 hours and a 5.28% gain over the past week. Short-term targets are more conservative, with crypto analysts projecting a move toward $300. What’s Next for SOL Price? A bullish setup for Solana price has emerged despite recent doubts in the market. Analysts point to a falling wedge pattern, a technical formation often signaling a bullish reversal. A key resistance…

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Filed under: News - @ December 17, 2024 9:27 pm