Solana Outpaces All Chains In One Key Metric: Is $250 Imminent For SOL

Solana is one of the most prosperous tokens in the world of cryptocurrency. The Solana chain is currently heralded as one of the top-notch chains to interact. It harbours a pool of new meme coins crucial in diversifying the SOL ecosystem.

Solana recently achieved a new milestone, which is bound to help the token attract more volume to its ecosystem. Let’s explore how high SOL can go with this key metric.

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Solana Outperforms Leading Chains in Daily Active Wallet Count

Solana has outpaced all leading chains in the active daily wallet count metric. SOL currently harbours 5.4 million daily active wallets. In this process, Solana has set a new record, an all-time high, while dominating layer 1 and layer 2 blockchains in its wake.

“BREAKING: Solana Hits New Record with 5.4M Daily Active Wallets on September 9th, Outpacing All Other Blockchains. Solana sets an all-time high, dominating Layer-1 and Layer-2 blockchains with 5.4 million daily active wallets.”

Popcat Meme Coin Surges

In addition, Solana’s newest meme coin, Popcat, is again surging high in metrics. The token is snowballing and has surged past the ambitious $600 million market cap.

Solana As A Portal For Potential Meme Coins

Solana’s being dubbed as a portal for potential meme coins has contributed significantly to its ecosystem. SOL’s thriving ecosystem is compelling analysts to share a bullish forecast for SOL in the long run.

Analyst’s Price Prediction For SOL

A notable crypto analyst on X, Curb, has issued a new price prediction for SOL. He shared how the token is currently in the consolidation phase, with SOL trading between $120 and $210. When the consolidation eventually breaks, it may help SOL surge to a whopping $400 in no time.

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Technical Analysis Of The Token: September

According to CoinCodex, Solana is currently trading at a price range of $132. The platform predicts SOL will hit the $155 price mark by the end of September 2024.

“According to our current Solana price prediction, the price of Solana is predicted to rise by 14.60% and reach $155.31 by October 10, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 33 (fear). Solana recorded 13/30 (43%) green days with 6.34% price volatility over the last 30 days.”

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Similarly, CC shares that SOL can breach the $250 price mark around March 2025, trading at the $260 price level in the process.

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