The Solana (SOL) market was one of many belongings that managed to file a notable spike all through 2024. Whereas most belongings have been recording an increase solely over the last couple of months of the yr, SOL carried out fairly effectively all through. As well as, the altcoin additionally had month of April because it jumped by almost 20%. The asset went from buying and selling at a low of $96.59 all the best way to a excessive of $156.05. Although that is considerably decrease in comparison with its peak, the group continues to guess on the asset hitting $500. However the true query is when SOL will hit this milestone.
Has Solana Moved Previous the $150 Mark?
Solana, on the time of writing, was buying and selling at $149.58. This comes after a 1.17% lower over the previous 24 hours. SOL appears to be struggling to latch on to $150. However simply earlier right this moment, the asset was priced at a excessive of $153.87.
The sixth-largest cryptocurrency is at present at a distance not solely from the coveted $500 mark but in addition from its all-time excessive. Solana hit a peak of $294.33 about three months in the past in January. The group anticipated SOL to the touch $300, however the asset is at present 49% under its all-time excessive.
Can $500 Flip Into A Actuality Quickly?
Wanting on the huge value surge of Solana, a number of out there predicted that the asset would attain a excessive of $500 by this yr. Quite the opposite, SOL has been transferring fairly slowly. In keeping with information from CoinCodex, the asset will almost definitely carry its present pattern all year long. Due to this fact, $500 may very well be out of the image for the altcoin. The agency revealed that SOL will be capable of obtain this milestone solely within the yr 2029. Throughout this era, the asset will commerce at a most value of $505.65. This comes after a 237% rise from its present value stage.
