Solana has recently disrupted the cryptocurrency market with consistent price increases. SOL has recently won CoinMarketCap’s award for best cryptocurrency of the year, elevating its popularity to new heights. With a stable price increase, Solana SOL is ambitiously inching towards breaking the $150 milestone.
SOL of Solana has witnessed one of the most notable price surges in this cryptocurrency bull run. Despite facing operational setbacks and network disruptions, SOL has maintained a stable momentum. The currency has risen over 50% in the past 30 days, followed by a 5% increase in the past seven days.
At the time of writing, the cryptocurrency is trading at $144.12, with a 5% increase in the past 24 hours.
Weekend Price Prediction for Solana SOL: Can SOL surpass $150?
A recent tweet from cryptocurrency analytics platform Santiment has sparked a debate about the future price surge of Solana. The platform notes that SOL is consistently rising at a gradual pace, which could eventually “potentially” push the currency to break the $150 milestone by this weekend.
“Solana is about to cross the $150 mark for the first time since January 16th, 2022. The crowd’s sentiment is slightly leaning towards #price increase for the #5 market cap coin $SOL.” The analytics platform further shared.
The recent price surge of Solana is attributed to various factors. First, notable cryptocurrency firm Pantera seems to be interested in accumulating SOL tokens. Reports also suggest that Pantera is looking to raise funds to purchase $250 million worth of SOL tokens from FTX.
This news has spread across the industry, causing SOL’s price to rise significantly.
According to another prominent cryptocurrency analytics platform, CoinCodex, SOL’s price could further increase by 5% on March 9th, setting a new all-time high for the cryptocurrency. The digital currency could reach the $153 price threshold if the current market momentum favors Solana’s price surge.
“In the past month, the SOL/USD pair has increased by 49.72%. The 1-year performance of SOL/USD is 672.63%,” the platform further noted.
