Solana on the Rise: Analysts Project SOL Price at $300
$SOL
The SOL token from the Solana blockchain is in the spotlight in the cryptocurrency market, with its current price at $149.17, showing weekly gains of 7.2% and monthly gains of 7.8%. Analysts point to several factors driving this appreciation and project that the asset could reach $300 soon.
One of the main drivers is the announcement from the Canadian company SOL Strategies, which secured a $500 million line of credit, financed by ATW Partners, to acquire and stake SOL tokens. Additionally, there are expectations regarding the approval of a Solana ETF, which, according to analysts from JPMorgan, could attract between $3 and $6 billion in new investments, raising the token price to around $197.7.
The Solana ecosystem also shows signs of robust growth: the weekly volume of the DEX Jupiter reached $4 billion, the number of daily active addresses increased by 12%, and the total value locked (TVL) in DeFi grew by $3 billion in April. These indicators reinforce investor confidence and support optimistic projections for SOL.
