Solana network made a fast entry into 2024, securing the top spot among the most used networks. Influenced by the Meme Token trend, the price of SOL rose to levels of 210 USD. Gaining strength last week, SOL started the new week with an increase again.
The new price target for Solana will be its previous peak of 250 USDT levels. I believe this level will be surpassed shortly. In the graph below, you can see the TVL amounts of the Solana network and the Ethereum network. You can observe that the Solana network has shown significant growth recently. During the periods of this growth, we had seen it reach a new highest price level. This is one of the major factors that will lead to the emergence of a new ATH level.
Solana's market dominance has reached an all-time high. This situation shows how widespread and generalized the use of Solana has become. This is one of the indicators that will enable Solana to reach its previous price peak again.
