Solana (Sol) is currently the most performant cryptocurrency of the top 10 projects, illuminating Bitcoin (BTC) and Ripple’s XRP tokens. Sol’s prices have risen by 7.2% on the daily chart, 3.5% on the weekly chart, 0.5% on the 14-day chart, and 8.7% since June 2024. Meanwhile, BTC only collects 0.6% on its daily and weekly charts. XRP has risen 1% in the last 24 hours, but has soaked 2.7% the previous week.
Cryptocurrency is gained amid uncertainty
The crypto market has faced considerable uncertainty after recent global tensions. The Israeli-Iran conflict has led to significant market volatility. Solana (Sol) fell to the $142 mark on June 15th. Bitcoin (BTC) fell to $100,000 earlier this month.
The market appears to be recovering from recent DIP. The BTC then recovered the $106,000 level, and Sol reached $156.60 today. We may see ongoing gatherings over the next few days.
Will Solana hit $180 next?
Sol hit an all-time high of $293.31 in early January this year. Asset prices have fallen 46.7% since their peak in January. Sol has been struggling to gain momentum over the last few months. BTC appears to be the only cryptocurrency that will make a significant rise. Other assets appear to be facing substantial resistance.
According to Changelly, Sol could face a slight soak next month. The platform expects assets to trade at $153.17 on July 15th. Sol faces a 2.19% revision when classified as $153.17.
Sol may not face revisions as predicted by Changelly. Sol could rally even more if the market continues to rise. Interest rate cuts from the Federal Reserve could lead to more risky investments. Such a scenario could lead to Sol regaining its $180 price range.
(tagstotranslate) solana
