Solana Price Prediction: All-Time High Network Activity Signals $1,000 SOL Incoming
Main Idea
Solana's network activity is reaching all-time highs, fueling bullish price predictions, with potential for SOL to reach $1,000 amid growing ecosystem strength and favorable market conditions.
Key Points
1. Monthly non-voted transactions on Solana hit a new all-time high in July, with true TPS averaging 1,318, the highest ever recorded.
2. Solana's total value locked (TVL) has climbed to its highest level in over three years, nearing 60 million tokens, indicating growing user and DeFi protocol engagement.
3. Technical analysis suggests SOL could retest $180, with potential to reach $207 and eventually its previous all-time high of $297, marking a 75% gain from current levels.
4. Increased spot demand, such as from TradFi markets and potential Spot Solana ETFs, could drive SOL towards the $1,000 milestone.
5. The Solana ecosystem offers high-gain opportunities, with projects like Snorter ($SNORT) raising over $2.4 million in presale and offering 153% APY on staking.
Description
Momentum is building on the Solana network, with fresh on-chain records pointing to renewed strength beneath the surface. As altcoin season sentiment picks up, Solana has logged its highest-ever monthly non-voted transactions and transactions per second , signaling a sharp rise in real network usage. Despite still trading more than 75% below its all-time high, these metrics are fueling a growing number of bullish Solana price predictions . BREAKING: Monthly non-voted transactions on @Solana hit ...
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