Crypto Investors Predict $300 As Solana Price Top In This Cycle, Survey Shows

Solana (SOL) has been one of many best-performing property for the reason that final quarter of 2023 and up to now this yr. This optimistic run has sparked a number of conversations concerning the altcoin’s bullish potential and its chance of considerably surpassing its present all-time excessive on this cycle.

Nevertheless, it seems that a number of crypto lovers are nonetheless not satisfied concerning the potential of Solana’s value skyrocketing to new report highs. In accordance with a current survey by CoinGecko, most buyers are betting on the SOL token solely rising as excessive as $300 this cycle.

10% Of Crypto Traders Count on SOL To Attain $1,000: CoinGecko

In its Publish-Halving Sentiment Survey, cryptocurrency information aggregator CoinGecko discovered that crypto lovers are considerably cautious about Solana’s future value trajectory. This survey, which additionally spotlighted value predictions on Bitcoin and Ethereum, obtained responses from over 2,500 nameless individuals.

In accordance with CoinGecko’s findings, 24.9% of crypto individuals count on that Solana’s value will solely climb as excessive as $300 within the present cycle. As proven within the chart beneath, this seems to be the most well-liked value prediction for the altcoin amongst the crypto crowd. A $300 value high would symbolize a mere 16% from the present all-time excessive of $259.

A chart displaying Solana value prediction within the present cycle | Supply: CoinGecko

Moreover, the second-most widespread prediction was the $300 – $400 vary, which was forecasted by about 14.7% of the whole individuals within the survey. This was adopted carefully by two prediction lessons, together with $400 – $500 (12.6% of respondents) and $500 – $600 (12% of respondents).

Notably, about 10.6% of the survey individuals predicted that Solana’s value will surpass $1,000 on this present cycle. It might take no less than a 900% rally for the SOL token to succeed in this value goal from the present value level.

Solana Worth Overview

As of this writing, the value of Solana stands at round $183, reflecting a notable 6.2% climb prior to now 24 hours. This one-day efficiency places the bulls again in management after what has been a sluggish week for the cryptocurrency.

Furthermore, this 24-hour achieve solely underscores Solana’s spectacular run prior to now two weeks. Primarily based on information from CoinGecko, the SOL token is up by greater than 30% within the final 14 days. 

📈 Solana has made historical past at present surpassing Binance Coin to maneuver into the #4 spot in crypto for the first time in its 4+ years of buying and selling. Count on the 2 property to be in shut proximity to at least one one other, however SOL’s +35% development vs. BNB’s +10% the previous 2 weeks offers SOL the momentum. pic.twitter.com/Y9R3Wv5mv1

— Santiment (@santimentfeed) July 26, 2024

Due to this optimistic run of kind, Solana made historical past on Friday, July 26 because it briefly usurped the BNB token because the fourth-largest cryptocurrency by market cap, in accordance with a current report from Santiment. Nevertheless, the altcoin has returned to fifth place within the crypto market capitalization rankings.

The value of Solana faces rejection at $185 on the day by day timeframe | Supply: SOLUSDT chart on TradingView

Featured picture from Getty, chart from TradingView