Solana's current price is around $202.31, with a 1.54% increase in the last 24 hours. The cryptocurrency has seen significant developments, including ¹ ² ³:
- *Price Movement*: Solana's price has been volatile, with a 24-hour trading range of $194.38 to $204.22. It has a market capitalization of $106.15 billion and a 24-hour trading volume of $7.29 billion.
- *Alpenglow Upgrade*: The Solana community has approved the Alpenglow consensus proposal, which aims to reduce block finality from 12.8 seconds to around 150 milliseconds, enhancing throughput and supporting renewed bullish momentum.
- *Institutional Interest*: Solana has seen growing institutional interest, with 13 institutions injecting $1.72 billion into Solana treasuries, leveraging 7-8% staking yields amid ETF approval speculation.
- *Price Prediction*: Analysts predict Solana's price could surge to $240 and later to $260 in the near to medium term, with some forecasts suggesting it could reach $303.62 by 2031.
- *Market Performance*: Solana has outperformed the global cryptocurrency market, with a 7.10% price increase in the last 7 days, and is currently ranked #6 by market capitalization.
Some notable news and updates surrounding Solana include ⁴ ¹ ³:
- *World Liberty Financial*: World Liberty Financial has launched its USD1 stablecoin on Solana, hitting $2.2 billion in 90 days.
- *Whale Accumulation*: Solana whales accumulated $88 million in 3 days, signaling reduced sell pressure and potential $250 price test.
- *Upcoming Upgrades*: Solana's upcoming upgrades, including Alpenglow and Firedancer, aim to boost speed, scalability, and reliability, making it more competitive against Ethereum and Bitcoin.$SOL
