Ethereum

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<p style="text-align: justify">The impressive price rally that has been hitting <a href="https://coin-turk.com/ethereum-gelistiricisi-virgil-griffith-serbest-birakilacak" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> Layer 1 competitor Solana (<a href="https://en.coin-turk.com/solana-sol-price-prediction-will-sol-coin-rebound-or-decline/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>) continues with over 6% increase in the daily timeframe chart. At the time of writing, SOL’s price is trading at $36.48, up 6.97%, hinting at $40 and $50 levels.</p>
<h2 style="text-align: justify" id="price-increase-of-solana-continues-at-full-throttle">Price Increase of Solana Continues at Full Throttle</h2>
<p style="text-align: justify">In the midst of the ongoing price rally, Solana has surpassed the $35 level, which is a 300-day resistance level, opening the doors towards $40. Notably, the recent increase in price is supported by an impressive 150% surge in trading volume during the same period. In the middle of the ongoing price rally, SOL has seen an astonishing 80% increase in the past two weeks, managing to recover all its losses from last year.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-271985" src="https://coin-turk.com/wp-content/uploads/2023/10/Solana-SOL-Altcoin-Rallisi.png" alt="" width="1946" height="1104"></p>
<p style="text-align: justify">Looking at the daily timeframe chart, Solana’s price movement can be observed to have recovered from its lowest point at $17.4, following a V-shaped recovery pattern. The significant increase in trading volume accompanying this upward momentum is particularly noteworthy, indicating strong buyer confidence and a collective rise to boost the altcoin’s price. Furthermore, data from CoinGlass shows that over $4.3 million worth of short positions have been liquidated in Solana in the past 24 hours.</p>
<p>Midway through the current breakout, the initial upward target for Solana is considered to be $40. Surpassing this level will open the door for further price increases towards $50 and beyond.</p>
<h2 style="text-align: justify" id="vaneck-s-striking-price-prediction-for-sol">VanEck’s Striking Price Prediction for SOL</h2>
<p style="text-align: justify">Financial giant VanEck recently published a noteworthy report stating that it expects a price increase of 10,600% in Solana by 2030, with the most optimistic scenario projecting SOL’s price to reach $3,211.28 by 2030. The report also highlighted the significant scenario where Solana has become the first blockchain to host applications with over 100 million users.</p>
<p style="text-align: justify">The report also shed light on how Solana can bridge the gap with <a href="https://coin-turk.com/kripto-yatirimcisi-heyecanli-en-iyisi-oldugunu-ispat-etti-btc-ve-altcoinler-2023-yorum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> in the future. It is being evaluated that VanEck, which is one of the most active participants in the crypto <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>, having submitted a spot <a href="https://en.coin-turk.com/bitcoins-next-move-a-prominent-analyst-anticipates-bullish-breakout-beyond-30k/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETF application to the U.S. Securities and Exchange Commission (SEC), could potentially offer more crypto investment products in the coming days, including those related to Solana.</p> Continue Reading: <a href="https://en.coin-turk.com/impressive-price-rally-continues-for-solana-sol-as-ethereum-competitor-hits-new-highs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/impressive-price-rally-continues-for-solana-sol-as-ethereum-competitor-hits-new-highs/</a>

Impressive Price Rally Continues for Solana (SOL) as Ethereum Competitor Hits New Highs

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