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25 April 2024
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Ethereum

Solana (SOL) Price Prediction After Bitcoin Halving 

Crowned as the leading “trending” coin of the season, Solana has been taking over the market lately due to its stellar price performance. 

With Bitcoin touching new all-time highs, the altcoin market was fused with new energy, sending coins skyrocketing to new highs. However, Solana’s price performance was dubbed remarkable due to its thriving ecosystem developments, backed by a notable surge in presale projects. 

Per CoinMarketcap, Solana‘s SOL has noted a 40% surge in its price in the last month. SOL is currently exchanging hands at $188.48, up 2% in the last 24 hours. 

With the event of bitcoin halving approaching, Solana is poised to gain credible market momentum. Here’s how much Solana can gain post-event. 

Also Read: Cryptocurrency: Top 3 Altcoins That May Surge 50%–100% Post Bitcoin Halving 

Solana Price Prediction Post-Bitcoin Halving

Solana
Source – NC

Bitcoin halving is fast approaching, which is said to bolster the prices of leading crypto tokens. The event can propel Bitcoin to experience slight price volatility before touching a new ATH. However, such events have also been noted to drive investor sentiment towards other leading altcoins, boosting their prospects. 

With Bitcoin Halving scheduled for April 21, Solana can note a significant price spike around the same time. According to crypto analytics platform CoinCodex, Solana may document a notable 99% hike in its price by April 22. 

The platform later predicts Solana to gain a staggering 230% by May 2, catapulting its price to an ambitious price mark of $620. 

“SOL is predicted to rise by 230.90% and reach $620.35 by May 3, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). Solana recorded 19/30 (63%) green days with 12.97% price volatility over the last 30 days.”

Another crypto analytics platform, Changelly, predicts SOL to gain 121% by April 22, with its price stabilizing at $421.

“Based on the price fluctuations of SOL at the beginning of 2023, crypto experts expect an average SOL rate of $412.18 in April 2024. Its minimum and maximum prices can be expected at $$189.46 and $$634.89, respectively.” 

Also Read: Solana: How High Can SOL Trade in April? 

April is dubbed a significant month for Solana, as the blockchain is poised to onboard new token launches. Solana has a long queue of airdrop token launches, which are scheduled to take place in April, thereby boosting prospects for the entire ecosystem positively.

Also Read: Live Bitcoin Halving Countdown

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