Solana (SOL) has rallied 8.3% in the daily charts, hitting a new yearly high of $75.87. The token is up by 6.7% in the weekly charts, 25.2% in the 14-day charts, and 30.9% over the previous month. Moreover, SOL has rallied 519.5% since December 2022. Since January, the asset is up by a whopping 661.75%. SOL’s performance in 2023 has outshined all the major crypto projects. Bitcoin (BTC), on the other hand, has surged by about 160% since the beginning of the year.
SOL’s growth in 2023 has been especially commendable, given that the project was one of the worst affected after the collapse of FTX. SOL’s price fell to a low of $9.60 by December end of 2022 but has made significant gains since.
Will Solana (SOL) hit $100 by Christmas?
According to Changelly, SOL’s price will continue to hover around $75 till Dec. 28, 2023. The platform predicts a price of $75.24 on Christmas Day 2023, which is very close to current levels. However, Changelly anticipates SOL’s price to reach $80.69 on Dec. 31, 2023.
CoinCodex also does not expect Solana (SOL) to hit $100 on Christmas. However, the platform still anticipates SOL’s price to rally on Christmas Day. According to the firm, SOL could reach a price of $78.98 on Dec. 25, 2023, a growth of about 4.1% from current levels. Moreover, COinCodex anticipates SOL to continue rallying into early January 2024.
Telegaon expects a maximum price of $101.14 for Solana (SOL) in 2023. If SOL reaches $101.14, it would translate to a growth of about 33.3% from current levels. However, Telegaon does not clarify when SOL could reach this target.