According to U.Today, on-chain analytics firm Santiment has reported a notable 33% increase in Solana (SOL) prices over the past two weeks, making it the fifth largest cryptocurrency by market capitalization. This surge, which began on July 4, is attributed to prevailing crowd skepticism towards SOL. Santiment highlighted that Solana holders have been rewarded for their patience, as the cryptocurrency's price has climbed significantly during this period.
Santiment further explained that as long as the current fear, uncertainty, and doubt (FUD) persist, Solana might continue to see price increases. The firm suggested that if fear of missing out (FOMO) replaces the existing FUD, Solana could potentially reach the $200 mark soon. At the time of writing, SOL had seen a modest 1% increase in the last 24 hours, bringing its price to $169, with a 21% rise over the past week.
The recent rebound in Solana's price follows a steady rise from lows of $121 on July 5. This upward trend indicates strong demand, with bulls driving the price higher. If this momentum continues, Solana could reach $180 and eventually hit the $200 level. Crypto analyst Ali Martinez previously identified a
