Solana Expected To Go To $258 Soon, Apparently This Is The Reason For The Rise!


"Soon does that mean when? This month or next month?"

Solana (SOL) cryptocurrency's performance has been impressive as its price rally to $137 has been sparked by increased transactions shortly after its volume saw a climb of more than 12%.

Pleased to note that SOL has many features that help it maintain its position among the top cryptos, so here it can be seen that its current price increase will play an important role in pushing the digital asset towards all-time highs.

Following the dominance of Bitcoin (BTC), the current growth rate of SOL also affects the entire crypto market as it not only has a positive effect on its price but also SOL-based cryptos such as dogwifhat (WIF) and BONK.

One of the factors that sets SOL apart from other cryptos is its dominance in the non-fungible token (NFT) sector, where it has a total transaction volume of $7.9 billion that will help SOL attract a wider user base and then expand its position in the crypto market.

Not only that, SOL Blockchain's Total Locked Value (TVL) reaching an all-time high since 2022 data will also have a significant impact on the dApps market including bringing the price of SOL to an all-time high of $258 in the coming months.

There is no denying that the SOL price has the potential to reach the mentioned level, but it should be noted that it still depends on the trend and volatility of the crypto including how far it can move at the moment.

As of this writing, SOL price is up 0.83% at $130 in the last 24 hours with a market capitalization of $57 billion and has recorded a 17.26% increase over the last week.