Crypto Investors Predict $300 As Solana Price Top In This Cycle, Survey Shows

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Solana (SOL) has been one of many best-performing property for the reason that final quarter of 2023 and up to now this yr. This constructive run has sparked a number of conversations in regards to the altcoin’s bullish potential and its probability of considerably surpassing its present all-time excessive on this cycle.

Nonetheless, it seems that a number of crypto lovers are nonetheless not satisfied in regards to the potential of Solana’s value skyrocketing to new document highs. In keeping with a current survey by CoinGecko, most traders are betting on the SOL token solely rising as excessive as $300 this cycle.

10% Of Crypto Buyers Anticipate SOL To Attain $1,000: CoinGecko

In its Submit-Halving Sentiment Survey, cryptocurrency knowledge aggregator CoinGecko discovered that crypto lovers are considerably cautious about Solana’s future value trajectory. This survey, which additionally spotlighted value predictions on Bitcoin and Ethereum, acquired responses from over 2,500 nameless members.

In keeping with CoinGecko’s findings, 24.9% of crypto members anticipate that Solana’s value will solely climb as excessive as $300 within the present cycle. As proven within the chart beneath, this seems to be the preferred value prediction for the altcoin amongst the crypto crowd. A $300 value high would symbolize a mere 16% from the present all-time excessive of $259.

A chart exhibiting Solana value prediction within the present cycle | Supply: CoinGecko

Moreover, the second-most fashionable prediction was the $300 – $400 vary, which was forecasted by about 14.7% of the overall members within the survey. This was adopted intently by two prediction lessons, together with $400 – $500 (12.6% of respondents) and $500 – $600 (12% of respondents).

Notably, about 10.6% of the survey members predicted that Solana’s value will surpass $1,000 on this present cycle. It could take at the very least a 900% rally for the SOL token to succeed in this value goal from the present value level.

Solana Worth Overview

As of this writing, the worth of Solana stands at round $183, reflecting a notable 6.2% climb prior to now 24 hours. This one-day efficiency places the bulls again in management after what has been a sluggish week for the cryptocurrency.

Furthermore, this 24-hour achieve solely underscores Solana’s spectacular run prior to now two weeks. Based mostly on knowledge from CoinGecko, the SOL token is up by greater than 30% within the final 14 days.

📈 Solana has made historical past as we speak surpassing Binance Coin to maneuver into the #4 spot in crypto for the first time in its 4+ years of buying and selling. Anticipate the 2 property to be in shut proximity to 1 one other, however SOL’s +35% development vs. BNB’s +10% the previous 2 weeks offers SOL the momentum. pic.twitter.com/Y9R3Wv5mv1

— Santiment (@santimentfeed) July 26, 2024

Because of this constructive run of type, Solana made historical past on Friday, July 26 because it briefly usurped the BNB token because the fourth-largest cryptocurrency by market cap, in response to a current report from Santiment. Nonetheless, the altcoin has returned to fifth place within the crypto market capitalization rankings.