Solana (SOL) Price Prediction 2025-2030: Despite market slump, SOL rises to…
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) is one of the most popular cryptocurrencies in the market, known for its fast transaction speeds and low fees. The platform has been gaining popularity in recent months, with investors flocking to it as an alternative to Ethereum (ETH). However, the market slump early in March hit SOL hard, with its value dropping by over 20% following the collapse of the Silicon Valley Bank (SVB).
This slump has been a significant blow to SOL investors, many of whom were banking on the platform’s long-term potential.
Read Price Prediction for Solana [SOL] 2023-24
In fact, the price even declined below the $20.50-support zone, with SOL trading around $17.55 at the time of writing. Such has been the scale of the downtrend SOL has been on over the past few months.
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 Jeson Derulo tweeted about his excitement for the token last year, saying that he betted on Solana and enjoyed the ride.
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
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