LIVESolana (SOL) on a Bull Run: Analysts Predict New Highs in 2024
Solana (SOL) is surging! Despite a slight dip on May 8th, SOL has gained 20% in the past week, making it a top performer in the crypto market. Analysts are bullish, with some predicting explosive growth:
- CryptoJack: This popular analyst sees a bullish "rounding bottom" pattern forming and expects a significant price increase soon. He's even invested in SOL, anticipating a new all-time high by year's end.
- Inmortal: This analyst calls Solana the "fastest horse of the cycle" and predicts a new peak as early as this summer.
- Crypto Tony: While slightly more cautious, Tony sees a consolidation around $137 followed by a rise above $170.
- Solana's success is attracting attention: The rise of meme coins built on Solana's network, like dogwifhat (WIF), is a prime example. WIF's market cap skyrocketed to nearly $5 billion before settling at $2.9 billion. Its price has surged a mind-blowing 5,600% since December, fueled by exchange listings, investor interest, and even a community-funded logo display on a Las Vegas arena!