Solana Price Prediction 2024 : Here's When SOL Price Will Hit New ATH

The SOL cryptocurrency is off to a strong start in 2024, comfortably surpassing the $100 milestone after a bullish finish in 2023. Starting its upward journey from $10, Solana's growth is underpinned by the expansion of its network, which continues to fuel its impressive rise.

Timeline of Solana

As the price of Solana (SOL) has skyrocketed by an astounding 722% year-to-date, the network's rapid growth has attracted both attention and challenges. Not only has the native token gained significant value, but the use of Solana-based meme coins such as Bonk Inu (BONK), which has grown over 854% year-to-date, and decentralized applications (dApps) have skyrocketed.

A popular crypto analyst has predicted a massive increase for Solana and XRP, foreseeing both cryptocurrencies reaching new all-time highs in 2024. XRP and Solana 2024 Price Prediction Prominent crypto influencer Ben Armstrong has recently published a new crypto price prediction for XRP, the native token of the Ripple network and Solana (SOL).

With a lukewarm greeting of the New Year, Solana's price trend enters the year on a lateral indecisive note, putting a short break to the uptrend. Prolonging the consolidation range in the 4H SOL price chart, the trapped momentum may soon give a decisive breakout trend.

As we traverse into 2024, the trajectory of Solana becomes a pivotal question for the cryptocurrency market. A glance at the Solana chart reveals strong growth, followed by a recent phase of correction.

Google searches for “Solana” have achieved an unprecedented peak, escalating from a modest score of about 27 in late September to an impressive score of 100 as of December 20, as per data from Google Trends. This surge, measured on a scale of 0 to 100, signifies a remarkable 270% surge in search volume over a mere two or so months, underscoring a burgeoning interest in the blockchain platform.

Solana Price Prediction: The fifth largest cryptocurrency Solana has recently reverted from the near-yearly high of $126.36 to trigger a new correction. In the last three days, the coin price plunged 21.6% to revisit the psychological level of $100 aligned closely with the 23.6% Fibonacci retracement level.

In terms of regional search, Google Trends revealed that countries such as Spain and the Philippines took the lead. People in these nations recorded more users searching for the term Solana than Ethereum.

Despite an impressive 80% monthly rally in December that propelled its market cap to the fourth position among all cryptocurrencies by size, the price of the Solana (SOL) token experienced a post-Christmas dip, falling to $107.

Solana (SOL) has experienced a notable downturn, dropping approximately 6% within 24 hours, reaching $98. This decline, along with its retreat of over 20% from its recent high of $125 earlier in the week, comes after heightened enthusiasm within the ecosystem, particularly surrounding Solana-associated meme coins.

A trader who started with only 1.5 SOL (worth $92) managed to make $2 million in 22 days, marking a gain of 21,715x. What Happened: According to Lookonchain data, the trader noticed the token Silly Dragon (CRYPTO: SILLY) only five minutes after it opened to trade.