Solana, or SOL for short, is making news in the cryptocurrency industry because of FTX’s wallet. The cryptocurrency, which was currently trading at $134.03 and had a 0.26 percent drop in the last day, remained unaffected by this turmoil. From a peak of $136 today, the altcoin dropped to $133.
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Solana’s Performance and Future Potential
The daily volume for the Solana Network also dropped dramatically. CoinMarketCap shows that SOL’s 24-hour volume dropped 35%, to a minimum of $1.310.178.977.
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Is $200 Still a Wish for Solana Solana?
Because the cryptocurrency market is unpredictable and volatile, it’s possible that this asset will experience major price changes. Solana, however, will have a disappointingly slow September.
Changelly’s data shows that SOL should reach $143 as its highest price in this month. The asset would have to grow by 40% in order for it to reach the $200 mark.
Historic Performance And The Potential Of New Highs
The asset’s all-time record high was $260, in November of 2021. SOL currently sits 48% under this price. Although this may seem like a large amount, Solana is up by 638% in just the past year, which further strengthens the likelihood of SOL reaching a new record.
Delayed Bullish Surprise
Curb is an analyst that believes the price movement of Solana for around 170 days has been relatively small. Curb has high hopes for SOL.
SOL is up over 600% from where it was just one year ago. So a price of $1,000 would represent a gain of almost 600%.
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Source: watcher.guru
