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The Solana Ecosystem is Blooming, Will SOL Price Hit $180?

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The Solana ecosystem had a fantastic week, with SOL Price surging dramatically. As stablecoins are integrated on more platforms, the Solana ecosystem continues to reach new heights. Solana has recently become one of the fastest-growing ecosystems, with the potential to increase in value. 

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The Solana Foundation has announced the introduction of a new project called ‘Server Program,’ which will give people access to new servers.

It would help decentralize the Solana validator community, according to the Solana Foundation. As a result of the “server program,” Solana node operators will have access to high-quality bare metal servers.

Solana’s unique blockchain architecture will be integrated with Chainlink’s decentralized oracle infrastructure. Developers can use Chainlink and Solana to create more complex use cases. In Q4-2021, he said, Chainlink would integrate Solana.

Solana’s blockchain has also been busy on the NFT front, with the development of a new Soulless Solomon collection, which aspires to be the CryptoPunks’ counterpart for its network.

Solana Price Analysis:

The price of Solana is currently $158.20, down 2.4 percent in the previous 24 hours. On September 1, the token was trading at $107.07, one of its lowest moments in terms of value. The SOL token reached an all-time high of $213.47 on September 9. When compared to the value on October 18, the SOL token was $55.57 higher at its all-time high, representing a 35 percent increase.

Following a correction from resistance near $175 over the weekend, Solana now is just below $160. SOL sought support at $130 before rallying to this level, when it was in dire risk of falling to $115. A confirmed break above $160 will almost certainly give buyers more confidence in their ability to stay in the driver’s seat. The levels of support are $145 and $130.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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