The price of Solana tokens has dropped by 0.55% in the past 24 hours to $156.73. It is likely that the value of Solana tokens will reach $160 by the end of this week, as of the writing of this article. That would pave the way for a surge to 183.13 in the next 30 days, indicating a rise of almost 14.25%. Sentiments around it are largely bullish, as evidenced by the FGI of 63 points, which signals greed among investors for accumulating SOL.
It is now speculated that Solana has the potential to grow by at least 5 times soon. As vague as it sounds, the tentative timeline is set for the end of 2025, which gives SOL over 12 months to make it happen. The community and token holders are optimistic about it. This stems from the growth of the DeFi industry, as well as the technology that its native ecosystem is looking to deploy. Solana’s current market trajectory further supports this outlook.
The rise of Solana has triggered a series of discussions, with many stating that it could be ideal to divert funds from the likes of Ethereum. It comes after creditors reportedly started receiving their dues from FTX, a defunct crypto exchange platform.
VanEck is backing a surge to $330 based on its monolithic structure, which enables the network to increase speed and efficiency. Solana’s throughput can currently process thousands of TPS. It gives an edge over Ethereum, which has a lower TPS and lower daily active user count. Solana price prediction is further strengthened by more experts. CoinCodex, for one, stated that Solana can gain almost 518% by the end of 2030. Bitnation believes that a new ATH is on the horizon for Solana tokens, aiming to hover around $644.64.
SUI, from the Sui Network, is one token that is emerging as a competitor to SOL. Investors are also keeping a close eye on SUI’s growth, as both tokens are expected to benefit from FTX’s release of debt to creditors. Currently at $1.75, the SUI token is up by 4.56% in the last 24 hours, at the time of writing this article. It is projected to soar by approximately 226.08% in the last 30 days for a value of $5.86.
Innovative decentralized applications (dApps) that are currently hosted are the foundation of Sui Network’s growth. They have been designed with the future in mind. SUI tokens are considered ideal for low and high-risk investors alike.
SOL’s growth is risky due to regulatory approvals for its ETFs. Rate cuts and overall market sentiments remain a core figure for SOL, just as they are for every other crypto in the sphere. Solana’s technology and its ability to lead the Layer 2 segment will support its growth. Professionals see Solana’s growth as natural. Banking on that will certainly do wonders for SOL.
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