The post Solana Price Prediction 2024–2030: Can SOL Reach $1,000? Latest Surge and Forecasts Explained appeared on BitcoinEthereumNews.com.

How far can SOL’s new network upgrades push the price and could this new L2 ICO be a better choice for investors? With its latest integration withartificial intelligence tools and its state compression technology, which drastically reduces the cost of on-chain data storage, Solana is trending again. These advancements, combined with its expanding role in DeFi and NFT ecosystems, have sparked confidence again. However, recent controversies, including a lawsuit against co-founder Stephen Akridge over alleged misappropriation of staking rewards, could add some problems to its narrative. As SOL’s price rallies, the question remains – can it sustain this momentum and reach the ambitious $1,000 mark by 2030? There’s also a new Layer-2 project that wants to improve Solana’s blockchain and help it introduce new upgrades to the network – Solaxy ($SOLX). Let’s check out all the details below. >>>Buy Solaxy Now<<< Is It Possible for Solana to Reach $1,000 by 2030? New Layer-2 ICO Might be a Better Option in the Upcoming Months As of December 30, 2024, Solana (SOL) is trading at approximately $191, with a slight decrease of about 0.65% over the past 24 hours (perCoinGecko). Technical analysis indicates that SOL is currently testing a support level of around $187.35. A breach below this threshold could lead to a decline toward the next support at $174.47 (perTradingView). Conversely, maintaining this support may enable a rebound toward resistance at $198.38. The Relative Strength Index (RSI) has recently risen, which shows that the bearish momentum is slowly disappearing. Recent network upgrades have played a major part in improving Solana’s performance. The implementation of version 1.17.31 is to alleviate network congestion, particularly issues that come from increased transaction volumes due to meme coin activities. This update is part of a series of planned enhancements to improve network stability and efficiency. The…

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Filed under: News - @ December 31, 2024 4:24 pm