$SOL
🚨 Solana is on fire, with no signs of slowing down 🚨
Solana is flying higher once again. After cresting new all-time highs in January, peaking at $293, it’s now up over 35% in the past 30 days and jumping 22.5% in just the last seven to $180 right now.
It became the standout layer-1 of 2024, driven by spiking on-chain activity and SOL meme coins. Momentum has carried over, with the network processing over 100 million transactions each day from more than 3 million active wallets.
Big things are on the horizon, too. Firedancer, Solana’s upcoming validator client, is expected to double block space and cut finality times dramatically. It’s set to go live later this year and unlock even more speed and scale across the network.
Solana price predictions are highly bullish. The Crypto Basic is calling for $261 soon, while some analysts are calling for $500, even $1,000 by the end of the year.
That’s driven by expectations that a US-based Solana ETF could arrive this year. A Solana ETF launched in Canada in April, with the deadline for a US decision in October.
So will SOL flip ETH? SOL’s market cap is a decent way below ETH’s at $93 billion vs $315 billion, but experts are optimistic. 21 Shares notes that Solana could be at the center of online transactions, while Multicoin Capital’s Kyle Samani is convinced that a flip will happen, based on SOL’s on-chain metrics and structural advantages.