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SOL Price prints humongous gains! How High Can Solana Price Hit Before 2021 End?

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Defying the slump in the broader crypto market, Solana price is smashing the all-time high records. Over the last 1 week, SOL Price has skyrocketed 57.86%% printing a new ATH at 128.83. The new record comes just a day after it broke above $100 for the first time.

At the time of writing, SOL is trading at $113.85. With a market cap of $32.14 billion. Solana has surpassed Polkadot and USDC to become the eighth largest cryptocurrency.

SOL Price Rally ! The Hype is real!

Data from Santiment shows the crowd sentiment around Solana is extremely bullish. The data shows that the weighted sentiment has surpassed the 4 deviations above the mean which is a rare occurrence. Santiment says the project is seeing hype, only a few tokens have seen before.

Solana Is All Set To Enter The Top 5 Crypto Assets! SOL Price Targets $500 Milestone

Were SOL Tokens Burnt?

On Aug 31, i.e Solana revealed a new “Ignition” feature. Solana posted a video teaser of a flaming flame last week. While there are few facts at this time, the community is speculating about a possible SOL token burn. This will increase supply pressure and drive up SOL prices.

Solana is Set Enter Top 4!

If Solana maintains its upward trend, it has a decent possibility of doubling its market cap to near $70 billion. Surpassing Tether’s $65 billion market cap and putting it the fifth-largest cryptocurrency. 

“Spartan Black” on Twitter in a recent tweet made a bullish case for SOL’s market cap. He says, If $90B is an accurate valuation for $

ADA then SOL has the potential to go 3X from here. 

If this prediction plays out, Solana would definitely climb up spots on the market cap ranking chart.

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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.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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