Solana has been making notable strides in the DeFi, NFT, and Web3 markets since its inception in April 2019. Several projects are currently being developed on the Solana network, with more expected to emerge soon.
According to information provided on Solana’s official website, the company’s core value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum.
Solana surged past the $200 price mark after an extended year-long downtrend. However, recent data indicates that SOL has retraced amid the broader market downturn.
According to the latest market data, SOL is trading at $143, having gained 10.3% over the past 24 hours. With the broader cryptocurrency market still reeling, here is our price prediction for Solana (SOL) for the end of April.
SOL Price Prediction for End of April
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL increases or decreases in value by the end of April.
Based on its performance in early 2024, crypto experts at Changelly made their price prediction for Solana SOL for the end of April. During this timeframe, SOL’s minimum price is forecasted to be $131, while its maximum price is predicted to be $134.
SOL has declined by 17.7% over the past seven days and 14.3% over the past 30 days, according to the latest data from CoinGecko.
Furthermore, the experts anticipate that SOL will change hands at an average price of $133. The Changelly experts predict that it is unlikely for SOL to hit the $200 price point by the end of April. However, the overall prediction could depend on the broader market sentiment.
