Solana (SOL) Price Prediction 2025-2030: SOL rises 100% in 2023 Q1
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Solana (SOL) has experienced significant price volatility this year, but it has been overwhelmingly positive, with the price increasing by more than 100% since the beginning of Q1. Though the current month has been volatile, experts remain optimistic about Solana’s potential for growth.
Read Price Prediction for Solana [SOL] 2023-24
Solana has remarkably recovered from the losses it posted in November and December 2022, especially for a multibillion-dollar market-cap asset. How it is able to escape the current fall will determine how well it performs in the next few days.
Its increasing popularity can be assessed by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon. He did so when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year.
American singer Jason Derulo tweeted about his excitement for the token last year, confirming that he had bet on Solana.
We recently witnessed the failure of the crypto-friendly Silicon Valley Bank (SVB) that also led to the collapse of Silvergate and Signature banks. It affected the crypto industry also, including Solana, as its price collapsed nearly 15% to $16. But the token has since then recovered well enough.
At press time, SOL was trading at $21.04, with a market cap of $8,087,494,573. It was the 10th-largest cryptocurrency in the world at this time, with a daily trading volume of $193,749,474.
Source: SOL/USD, TradingView
In early August 2022, thousands of Solana accounts were drained. The Solana Foundation, however, told the
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