2024

Solana

Bitcoin

Read

<ul>
 <li>SOL surged from $30 to over $120 in 2023 before a slight dip, briefly ranking fourth by market cap.</li>
 <li>Anticipation mounts for SOL crossing $200 in 2024, citing historical highs.</li>
 <li>Factors like Bitcoin’s halving, substantial whale activity, and a thriving Solana DeFi sector are poised to propel SOL toward $200.</li>
</ul>
<p>Solana (SOL) made waves throughout 2023 with an astonishing rally. From a modest $30, <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">SOL</a> soared to over $120 within a mere three months, briefly claiming the fourth-largest cryptocurrency spot by market capitalization before experiencing a slight dip.</p>
<p>Enthusiasts and industry observers are abuzz with speculations regarding Solana’s trajectory in 2024, foreseeing the possibility of it breaking the $200 price barrier. The anticipation is grounded in SOL’s historical performance, particularly its previous all-time high of $259.96 on November 6, 2021.</p>
<p>Several factors underpin these bullish predictions. Firstly, the upcoming Bitcoin halving event, expected in April 2024, is a focal point for SOL enthusiasts. Historically, Bitcoin halvings have triggered substantial price surges across the crypto market, including SOL.</p>
<p>Another driving force is the notable whale activity surrounding Solana. Large investors have been actively transferring substantial amounts of SOL between exchanges and various wallets.&nbsp;</p>
<p>Recent data from Whale Alert revealed movements exceeding 1 million SOL coins within 24 hours, emphasizing heightened interest from these influential market players. For instance, a single anonymous whale executed a transfer of 600,502 SOL, valued at $65.2 million, to an undisclosed wallet.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 600,502 <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> (65,209,113 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/BqJOc4oMF2" rel="noopener noreferrer nofollow">https://t.co/BqJOc4oMF2</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1742416745703305331?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 3, 2024</a>
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<p>Moreover, Solana’s thriving decentralized finance (DeFi) ecosystem contributes significantly to the optimistic outlook. The total value locked (TVL) in Solana’s DeFi projects has experienced a noteworthy upsurge, currently standing at around $1.47 billion, marking a substantial increase from its previous levels.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/solanas-meteoric-rise-25-surge-in-7-days-predicting-40-by-years-end/" rel="noopener noreferrer nofollow">Solana’s Meteoric Rise: 25% Surge in 7 Days, Predicting $40 by Year’s End</a></li>
 <li><a href="https://cryptonewsland.com/solanas-meteoric-surge-rising-to-5th-largest-crypto/" rel="noopener noreferrer nofollow">Solana’s Meteoric Surge: Rising to 5th Largest Crypto</a></li>
 <li><a href="https://cryptonewsland.com/solanas-meteoric-rise-vaneck-forecasts-3-2k-price-by-2030/" rel="noopener noreferrer nofollow">Solana’s Meteoric Rise: VanEck Forecasts $3.2K Price by 2030!</a></li>
 <li><a href="https://cryptonewsland.com/can-solana-sol-enter-the-top-10-cryptocurrencies-in-2023/" rel="noopener noreferrer nofollow">Can Solana (SOL) Enter the Top 10 Cryptocurrencies in 2023?</a></li>
 <li><a href="https://cryptonewsland.com/why-is-sols-20-surge-more-than-just-riding-bitcoins-coattails/" rel="noopener noreferrer nofollow">Why is SOL’s 20% Surge More Than Just Riding Bitcoin’s Coattails?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/solanas-meteoric-rise-predicted-surge-to-200-in-2024/" rel="noopener noreferrer nofollow">Solana’s Meteoric Rise: Predicted Surge to $200 in 2024!</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Solana’s Meteoric Rise: Predicted Surge to $200 in 2024!

Crypto News Land

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