With 2023 coming to an end and 2024 on the horizon, the digital currency market is looking positive, and specialists are predicting the price of Solana (SOL) for the new year. The predictions range from a low of around $100 to a high of $300, with some anticipating a correction to $60 later this year. Nathan Jacobs, Senior Researcher at The Money Mongers, believes that Solana (SOL) could accomplish between $250 and $300. He highlighted Solana’s appeal to decentralized finance (DeFi) and non-fungible token (NFT) scenes, citing its fast and cheap transactions.
Derek Rodriguez, founder and CEO of Gridlock, is more cautious, forecasting Solana’s price at around $100 in early 2024 before dropping to the mid to low $60s and then climbing over $200 later this year. Mohamad Abdulrazak, Head of Marketing at Asic Jungle, shared his company’s optimism, placing Solana’s price at around $270 or higher in 2024 as it competes with Ethereum (ETH). The present price of Solana (SOL) is $60.24, indicating an increase of 0.34% in the previous day and an impressive 106.04% across the past 30 days. Solana’s future looks promising as ARK Invest’s CEO Cathie Wood praised its network for its speed and cost-effectiveness in a recent interview with CNBC.
Solana (SOL) Price Predictions
Specialists have offered varying predictions for the price of Solana (SOL) as we approach 2024.
Hot Take: Solana (SOL) Set for Success in 2024
With positive predictions from specialists and endorsements from industry leaders like Cathie Wood, it seems that Solana (SOL) is poised for success as we head into 2024.
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