Solana Price Prediction: Can SOL Reach $750 Before 2025?

Today, the price of Solana has risen by 1.5%, reaching $96.64, while the overall cryptocurrency market has seen a 0.5% increase in the last 24 hours.

A popular YouTuber predicts that Solana (SOL) will reach $750 by 2025.

Written by: Simon Chandler
Last updated: January 16, 2024 06:10 EST
Reading time: 5 min

The Solana price has gained 1.5% today, reaching $96.64, as the crypto market as a whole sees a 0.5% increase in the past 24 hours. Despite this, SOL remains down 5% in a week and 17% in a fortnight, although the altcoin continues to sit on a very healthy 32% gain in a month.

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And guess what? A well-known YouTube analyst, Jake Gagain, has boldly predicted that the Solana price will push towards $750 before the end of 2024. While it may seem like a reach, given SOL’s current momentum and improving fundamentals, it’s quite possible for the coin to continue rising.

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SOL’s Chart Analysis: Gradual Positivity and Promising Indicators

SOL’s chart is gradually beginning to look more positive after a few weeks of corrections, although it may still take some time for the coin to see big bounces. The RSI (Relative Strength Index) has just scaled above the 50 level, showing a modest increase in demand and buying pressure, which could continue for the rest of the week. 🚀

Source: TradingView

Additionally, SOL’s 30-day moving average has been climbing further beyond its 200-day average over the past few days, indicating that it remains more of a ‘buy’ right now rather than a ‘sell.’ 📊

Furthermore, SOL’s support level remains considerably strong, suggesting that any further losses from here on out won’t be that large. 💪

Moreover, SOL maintains a 24-hour trading volume of $1.8 billion, indicating sustained healthy interest in the token. Recent transfers have shown several large amounts of SOL moving between unknown wallets, further confirming this interest.

While the SEC’s approval of several Bitcoin ETFs led to a ‘sell the news’ event, it can only be positive for the crypto market in the medium and long term, thereby pushing up demand overall. This increased demand will also include SOL, which some analysts predict will have its own exchange-traded funds in the next year or so.

When combined with Solana’s increasingly strong fundamentals, which have witnessed a surge in NFT usage, it becomes increasingly likely that the Solana price will enjoy significant gains this year. Although $750 by 2025 might be ambitious, surpassing its current all-time high of $259 is definitely within reach. 🌟

Q&A: What Else Do You Want to Know?

Q: How can I invest in Solana? A: To invest in Solana, you can use a variety of cryptocurrency exchanges such as Binance, Coinbase, or Kraken. Make sure to do thorough research and choose a reliable platform that suits your needs.

Q: Besides Solana, are there any other altcoins worth considering? A: Absolutely! The cryptocurrency market offers a variety of high-potential altcoins. One promising token is Bitcoin Minetrix (BTCMTX), an Ethereum-based stake-to-mine platform that has garnered attention recently. For more information on promising altcoins, check out this LinkedIn article.

Diversification with Newer Alts

The only potential problem with SOL is that, given how strongly it rallied in the latter half of 2023, it may now have a relatively quiet 2024. But don’t worry, because the market currently boasts a wide range of high-potential new tokens that could lead to market-beating gains.

Among these tokens, Bitcoin Minetrix (BTCMTX) stands out as one of the most promising. It is an Ethereum-based stake-to-mine platform that has raised more than $8.6 million in its presale.

With Bitcoin Minetrix, users can mine BTC by staking the platform’s native token, BTCMTX. Staking BTCMTX provides users with tokenized mining credits, which they can use to purchase Bitcoin hashing power. This innovative approach opens up Bitcoin mining to a larger demographic.

Staking BTCMTX also earns users newly issued BTCMTX tokens, making the platform even more profitable in theory. Combined with a user-friendly interface, Bitcoin Minetrix is likely to become one of the top performers in 2024.

While the presale is ending soon, interested investors can still participate by visiting the official Bitcoin Minetrix website.

Currently priced at $0.0129 per token, the cost will rise to $0.0130 in five days. However, with the listing on various trading platforms, the price could soar even higher.

Please note that cryptocurrency investments are high-risk, and this article is for informational purposes only and does not constitute investment advice.

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Now, it’s time for you to join the discussion. What are your thoughts on Solana’s future? Will it reach the predicted $750 mark? Share your opinions and insights in the comments below. Don’t forget to hit those share buttons and spread the word on social media! 😄✨

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