Solana Price Prediction Daily: Current Prices
The current price of Solana is $141.54 which is 0.69% lower than 24 hours ago.
Day’s Range: 139.72 – 150.19
Solana Price Prediction Daily: What is Solana?
Cryptocurrency is a booming market and finally, the whole world has shifted its attention towards it. The market which was undiscovered a couple of years back has turned into a booming industry. Solana has been the latest addition to the cryptocurrency scene. Solana was introduced in the market as “Ethereum killer” and it is finally living up to its hype. Solana has been witnessed surging in the past few weeks with constant all-time highs. Solana, which is also known as SOL, is as of now trading at USD 136.21, which has rallied from USD 70 just two weeks ago.
Also Read | Ethereum Price Prediction and Forecast: Will ETH breach $ 4000?
Solana Price Prediction Daily: Technicals
Solana Price Prediction Daily: Why is the Solana price surging?
So as it stands, every crypto in the market is doing well for its investors. However, Solana is topping the chart in the past couple of weeks. SOL has apparently surpassed its competition and is just steps away from doing justice to its nickname “Ethereum Killer”. As per reports, Solana is, as of now, the fastest growing cryptocurrency in the market. The makers of Solana has been working endlessly towards upgrading the product with constant features.
Founded in 2017, Solana was brought into the market as Ethereum’s direct competition. Similar to ADA and Ethereum, Solana focuses on supporting smart contracts which are helping them gain maximum attention from structuring DeFi applications and also, building NFTs (non-fungible tokens).
In comparison to Ethereum and Cardano, Solana is showing the best result with almost 70,000 transactions per second. Adding to that, Solana costs way less than its competition. Solana is tipped to cross USD 150 in the coming future.
As per the latest long-term forecast, Solana price is likely to cross $300 by the end of 2021 and by the middle of 2021 it is expected to hit $500. The forecast further predicts that Solana can touch $2,000 in the year 2023 and $5,000 in 2029.
Solana Price Prediction Daily: Is SOL a good investment?
Solana has already breached Ethereum’s numbers when it comes to transactions. The numbers are massive considering that SOL is still a new product in the market. As per the market experts, Solana’s market value is just going to surgery keeping in mind it’s burning of tokens. We can take Ethereum’s example and assume that Solana’s value will keep on getting higher in the future. SOL is one of the most hyped cryptos at this mine. Adding to that, Solana is expected to introduced smart contracts in the coming days, which will make them a director competition of ADA, in terms of usability.
Where to buy Solana as SOL overtakes Dogecoin?
Investors are getting influenced by the number of SOL’s transactions in recent months which is resulting into more buys of the crypto. The investors who couldn’t jump on the Ethereum bandwagon are trying to try their luck with SOL and expecting a similar result as that of ETH. SOL’s involvement with Defi and NFT is also one of the major reason which makes it a good buy. Shark Tank’s Kevin O’Leary, in a recent interview, stated that DeFi apps are expected to take over the financial market and if the said information is true then it will change the fortune of SOL investors.
Solana Price Prediction Daily: Updates