Will SOL Price Crash to $50?
The post Will SOL Price Crash to $50? appeared on BitcoinEthereumNews.com.
Solana has been one of the top-performing cryptocurrencies, but recent market trends have sparked concerns about its future. With growing uncertainty in the crypto world, many are asking the big question: Could Solana’s price crash all the way to $50? In this Solana price prediction article, we’ll break down what’s happening with Solana, the factors influencing its price, and whether investors should prepare for a steep drop—or hold on tight for a potential rebound. How has the Solana Price Moved Recently? SOL/USD Daily Chart- TradingView Solana is currently priced at $186.42, with a 24-hour trading volume of $15.03 billion, a market cap of $89.38 billion, and a market dominance of 2.69%. Over the past 24 hours, SOL’s price has declined by 1.81%. The cryptocurrency hit its all-time high of $263.58 on November 22, 2024, while its all-time low of $0.503701 was recorded on May 11, 2020. Since its peak, the lowest price Solana reached was $176.66, while its highest point since that low was $201.82. The current market sentiment around Solana’s price remains bearish, despite the Fear & Greed Index indicating a score of 72, reflecting a state of greed. Solana has a circulating supply of 479.45 million SOL out of a maximum supply of 533.68 million. The yearly supply inflation rate stands at 11.88%, with 50.93 million SOL tokens minted in the past year. Solana Price Prediction: Will SOL Price Crash to $50? The recent SOL price movements and on-chain activity trends suggest Solana (SOL) is facing short-term bearish pressure, though a crash to $50 appears unlikely based on current indicators. After failing to hold above $200 and underperforming the broader cryptocurrency market with a 5.1% correction, concerns about SOL’s price trajectory have intensified. The sharp decline in Solana’s on-chain network volumes—down 30% in a week—and significant drops in…
Filed under: News - @ December 28, 2024 6:19 am