The Solana (SOL) market was one of many property that managed to report a notable spike all through 2024. Whereas most property have been recording an increase solely over the past couple of months of the 12 months, 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. Regardless that that is considerably decrease in comparison with its peak, the group continues to wager on the asset hitting $500. However the actual 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 as we speak, the asset was priced at a excessive of $153.87.
The sixth-largest cryptocurrency is at the moment 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 the moment 49% under its all-time excessive.
Can $500 Flip Into A Actuality Quickly?
Trying on the large worth surge of Solana, a number of out there predicted that the asset would attain a excessive of $500 by this 12 months. Quite the opposite, SOL has been transferring fairly slowly. In response to knowledge from CoinCodex, the asset will probably carry its present development all year long. Subsequently, $500 could possibly be out of the image for the altcoin. The agency revealed that SOL will be capable to obtain this milestone solely within the 12 months 2029. Throughout this era, the asset will commerce at a most worth of $505.65. This comes after a 237% rise from its present worth stage.
