As of now, Solana ($SOL ) is trading at approximately $166.78. With predictions suggesting a bullish trend, SOL could potentially hit $350 by the end of 2024 and may surge to around $1,672 by 2030. Often dubbed the "Ethereum Killer," Solana has gradually gained ground in the decentralized market, potentially positioning itself for a bull run above $200.
Solana Price Forecast for November 2024
Currently, SOL is testing support at the $164 level, following a failed attempt to surpass $180. A further decline could bring SOL to support levels around $156 and $145, while a market-wide uptrend could push SOL to a potential high of $250 by November.
Active Addresses and Network Growth
As of October 2024, Solana has over 100 million monthly active addresses, with daily active addresses peaking at 5.91 million. This growth highlights Solana's increasing dominance in the decentralized space.
Solana Price Prediction for 2025-2030
Should Solana continue attracting new projects, it may challenge other major cryptos, with a potential high of $750 in 2025. By 2030, SOL's price could reach $1,672, reflecting its growth potential within the blockchain space.
Projected Price Ranges
2025: $209.91 (low), $579.95 (average), $750 (high)
2026: $357.68 (low), $624.315 (average), $886.35 (high)
2027: $480.61 (low), $761.615 (average), $942.61 (high)
2028: $645.67 (low), $888.335 (average), $1,076.84 (high)
2029: $808.54 (low), $1,156.305 (average), $1,224.97 (high)
2030: $987.9 (low), $1,359.165 (average), $1,672.15 (high)
Market Analysis and Predictions
Raoul Pal, founder of Real Vision, predicts that Solana’s growth could lead to a potential 20x rally due to its advanced technology and strong market presence. MasteringCrypto’s forecast estimates SOL might reach up to $350 in 2024, provided it sustains its growth.
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