Solana's $500 Path: SOL Volume Soars to $2.5 Billion
SOL rose 1% today to $153.69 while the crypto market fell 0.5% in 24 hours.
Altcoin Solana is up 8% a week, 18% a month, and 535% a year.
Today, its 24-hour trading volume reached $2.5 billion, indicating ongoing demand for the cryptocurrency.
Solana expects upgrades and expansion, therefore the SOL price will likely rise in the immediate and long term.
Solana's indicators are improving after a week of modest decreases.
If Solana can break $155, it might break over its medium-term barrier (level) right above $160.
It may reach $160 depending on election polls, since Trump's recent rise has boosted bullishness.
The recent revelation that Grayscale has sought to turn its multi-crypto digital portfolio, which includes SOL, into an ETF boosted Solana.
If Trump wins, SOL and the market might rise substantially.
However, Solana's fundamentals may be strong enough to keep SOL's price growing without a Republican triumph.
It outperformed all layer-one networks in transactions last month as traders and developers traded and issued meme tokens on it.
Jump Crypto's Firedancer client, which could execute 1 million transactions per second, will boost its layer-one blockchain functionality.
SOL might reach $200 by November and $250 at year's end if Trump wins.
