AI allowed Solana to grow to $150

The volume of transactions involving Solana set a record for the entire period of observation. It amounted to $303 billion since the beginning of 2024, Artemis analysts noted.

The previous record was reached in December 2023 — $297 billion. Over the year, volumes increased by more than 2,520%.

Solana-based stablecoin market share exceeds 30% in the first month of this year, up from 1.2% in 2023. Analysts believe that the significant increase in volumes is due to increased attention to the SOL-based USDC crypto asset.

An analyst calling himself Bluntz Capital expressed the opinion that the recent movement in the Solana rate may indicate a sharp decline in the price of the crypto coin amid a bear market. The expert allowed SOL to fall to $70.

According to Coinmarketcap, Solana is priced at around $81. Over the past 24 hours, the asset price has fallen by more than 8%.

Nevertheless, last year SOL demonstrated outstanding results. Artificial intelligence Grok named the value of cryptocurrency in 2024.

The total locked value (TVL) of the SOL blockchain has increased significantly, which indicates an increase in user confidence. In addition, it is obvious that institutional investors increasingly prefer crypto coins. This success is explained by the improvement of key indicators of Solana. We are talking about the number of operations on small commissions.

“Based on the available data and recent market trends, a bullish outlook for Solana (SOL) by the end of 2024 would be in the range of $125 to $150. This is supported by the coin’s impressive performance in 2023, the growing popularity of the Solana network, and the potential for further developments and partnerships,” predicts Grok.

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