Solana spikes as Solend, Helium Mobile, Solanium rise but valuation risks remain

Solana (SOL) price attempted to rebound on Friday as some of its ecosystem tokens bounced back. The token rose to a high of $110, much higher than this week's low of $96. It had retreated in the previous three days, forming a three black crows chart pattern.

Timeline of Helium-mobile, Solanium, Solend, Solana

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.

A cryptocurrency trader has managed to turn just 1.5 SOL, worth around $92 at the time they started trading, into more than $2 million in just 22 days for a gain of a whipping 21,715x after they traded a little-known Solana-based altcoin shortly after it started trading.

Solana (SOL) co-founder, Anatoly Yakovenko blew up Crypto X with a recent admission when he noted that the protocol is now already an “Ethereum L2 with the Wormhole Eigenlayer.” Lightning the Solana versus Ethereum Rivalry Though the shared X post from Anatoly Yakovenko is a technology-based communication, it has a major but subtle aim to

In a remarkable turn of events, Solana-based meme coin Silly Dragon (SILLY) has experienced an extraordinary surge, reaching an all-time high today with a market capitalization soaring to $140 million. The dynamic cryptocurrency has captured the attention of the crypto community, with the top 10 addresses, excluding centralized exchange (CEX) addresses, boasting an average floating profit of 30x.

Solana, a competitor to Ethereum, is making significant strides as the SOL price climbs by an extra 7.26%, reaching $120. This extends Solana's gains for the week to an impressive 60% and for December to a solid 100%.

Ethereum Layer-1 competitor Solana is making strong moves with the SOL price gaining an additional 7.26% and moving all the way to $120. With this, Solana has extended its weekly gains by a staggering 60% and December gains by a solid 100%.