Solana’s (SOL), like the other assets, followed the same path of glory. Solana (SOL) could soon be reclaiming the all-time record high. It comes as a result of the asset’s successful takeover Binance Coin. SOL’s real challenge is to reach higher marks and move past its current peak.
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Solana’s All-Time High
Solana’s all-time highest price was $260, back in the year 2021. That is roughly three years ago. Altcoins are currently 6.91% lower than their peak. SOL traded at $240.77 as of press time after a spike of 1.62% over the last 24 hours. The asset has also risen by an astounding 55% over the last 30 days.
This latest rise was attributed to rumors about an upcoming Solana ETF. VanEck’s and BlackRock’s major executives began to express divergent views on the possible launch of SOL ETFs in the US.
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What if $400 was a real amount?
Solana received a number of predictions. One of the most common predictions was $500. Analysts predicted that altcoins would reach $500 by the end of the year. Ali Martinez a famous analyst revealed SOL might reach $400. To achieve this, however, SOL must reach its previous high.
Martinez has pointed out how Solana is breaking away from the Cup and Handle Pattern on the monthly basis. The price of an asset moves in a manner similar to a cup, followed by a price trending downward.
The Solana community also has high hopes for the price increase of the asset. According to CoinMarketCapIn fact, 86% (112902) of those who voted believe that altcoins could rise in value sooner or later. A little over 14% did not believe that SOL would surge.
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Source: watcher.guru
