Active hours in Solana (SOL): What can happen in the short term?

SOL, Solana's native cryptocurrency, gained momentum with the memecoin craze and #ETF rumors. While #SOL reached its all-time high (ATH) near $260 in November 2021, it has only managed to peak at just over $200 this year.

It is currently hovering around $170, which is 34 percent lower than the ATH, but it has the potential to move back to $260, according to some estimates. If SOL can reach annual peaks, that is, the $ 200 band, in the short term, it can start a bull run. According to various analyses, the increase in network usage could significantly increase the demand for $SOL in the next few months.

The possibility of the Fed lowering interest rates in September and the approach to the US elections offer positive metrics for #Solana in the short term. In short, August, September and October can be active for the popular altcoin. According to analysts, Solana may climb to the $ 200 band in the short term. Also optimistic about Solana, Franklin Templeton's Digital Assets division has started to attract attention recently.

In addition, the memecoin craze, which has been going on for a long time, has brought Solana to the top levels. The ecosystem, which reached huge volumes with celebrities joining the memecoin movement, left its mark this year. Solana, which attracts the attention of traders with its low transaction fees as well as its speed, will show itself once again in the coming bull season. The main target of investors and analysts for Solana is $500.