The Solana (SOL) neighborhood was rejoicing because the altcoin managed to hit a brand new excessive. Earlier as we speak, SOL recorded a brand new all-time excessive of $263.70. This comes after the asset surged by a staggering 382% over the previous 12 months. But the actual query is whether or not SOL can carry this scorching streak and attain $300 by the tip of the month.
Looking Into Solana’s Ascent
According to latest knowledge, Solana was buying and selling at $260.82 following a slight setback since its all-time excessive. The asset has been a high performer because it rose by a staggering 9% over the previous 24 hours. The altcoin’s each day quantity surged by 53% and was at $10.91 billion.
The newest development is monumental for the Solana ecosystem. This is as a result of the newest milestone was set two years after Alameda Research, a significant supporter of the Solana ecosystem, and Sam Bankman-Fried’s cryptocurrency agency, FTX, collapsed. It needs to be famous that late in 2022, SOL fell as little as $8.
Solana’s latest surge is linked to a Solana exchange-traded fund (ETF). Bitwise, a cryptocurrency asset administration, has formally filed a registration assertion for the Bitwise Solana ETF on Form S-1 with the SEC. BNY will play the position of the belief’s administrator for the proposed spot Solana ETF, based on the submitting.
Thanksgiving Prediction
CoinCodex, a distinguished prediction platform had excellent news for SOL buyers. It looks like the asset will proceed its bullish streak via the remainder of the month. But reaching $300 can be fairly a activity for Solana. The altcoin, based on CoinCodex, will commerce at round $258 on Thanksgiving which is on November 28.
Even although the asset will see a setback within the subsequent few days, Solana is anticipated to win huge throughout the coming weeks. Investors should stay affected person with the intention to reap the advantages of investing in SOL.
