Current Price
Solana's current price is $143.37, with a 2.21% increase in the last 24 hours. Its market cap stands at $74.29 billion.
Recent Developments
- *1inch Integration*: 1inch has integrated Solana into its platform, enabling cross-chain swaps across 1 million tokens.
- *Pipe Network Rewards*: Pipe Network is launching rewards for node operators that help build the decentralized version of the internet.
- *MagicBlock Funding*: MagicBlock has secured $7.5 million in seed funding to support the development of real-time, fully on-chain applications on Solana.
- *Decentralized AI on Solana*: Paradigm has invested $50 million in Nous Research, a decentralized AI startup building an open-source LLM that uses distributed resources ¹.
Price Predictions
Some analysts predict Solana's price could reach $200, driven by strong network activity and a surge in transactions. Solana's transaction volume has increased by 47x compared to Ethereum, which could positively impact its price ¹.
Ecosystem Growth
Popular tokens in the Solana ecosystem, such as Dogwifhat, Jupiter, and Popcat, have seen significant price increases. Solana's rally shows early strength, and technical setups could push its price toward $200 and beyond ¹.
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