One analyst believes Solana's price could surge to $380 this year, fueled by a strong ecosystem and a bullish technical pattern. Experts are also watching Solaxy, a project aiming to solve Solana's transaction congestion issues.
Solana ’s (SOL) growth in the past 12 months has been impressive – and investors are starting to wonder how high its price could go. With the network going from strength to strength, one analyst thinks the token could hit $380 at some point this year.Its presale has just passed the $9.2 million mark, showing strong investor appetite for projects building on top of Solana ’s ecosystem.SOL’s price surged to an all-time high of $263 in November 2024, after starting 2023 around the $10 mark.
However, beyond SOL’s price action, the Solana network itself has undergone a significant transformation. This newfound stability has attracted a surge of developers and users, with daily transactions often surpassing those of Ethereum.In November, Solana even passed Ethereum’s all-time monthly record with $129 billion in volume.Top Crypto Expert Thinks Cup & Handle Pattern Points to Huge Gains for SOLSOL is down 11% since Monday, sitting at around $197, which is about 25% off its high from November. He spotted a classic “cup and handle” pattern forming on the 3-day chart – which usually means the price is about to take off.That might seem like a wild prediction, but it would only be a 93% jump from where the token is right now. Considering how SOL tends to make these kinds of explosive moves, and how strong the Solana ecosystem is becoming, MartyParty’s forecast might not be so far-fetched.With Solana potentially about to take off, everyone is watching the projects being built on it.Although Solana hasn’t had a network outage in almost a year, it sometimes struggles with congestion and failed transactions.Solaxy’s goal is to help with this by processing transactions off-chain, bundling them up, and settling them on the main Solana network.Solaxy has now raised $9.2 million in its presale phase, and some big names in the crypto world are taking notice.He praised the project’s ambitions and predicted the SOLX token could be primed for an exciting 202
SOLANA CRYPTO PRICE PREDICTION SOL SOLAXY
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