In 2023, Solana (SOL) emerged as one of the top-performing cryptocurrencies, seeing growth of nearly 1000%. However, the popular crypto asset was dealt a blow with an 8.5% correction in the last 24 hours, leaving the price in the $100 range. Despite this, SOL has offered an impressive 67% return in the monthly charts, and nearly surpassing their 600% gain since the start of the year.
There were high hopes from investors that said token could make it back up to its all-time high (ATH) of $259.96, attained in November 2021. Unfortunately, with recent corrections and some bearish reports of the U.S. government possibly rejecting a Bitcoin ETF application through SEC processes, its progress has been stalled. Will Solana manage to regain its ATH in 2024?
It’s worth noting SOL’s massive hit back in November 2022 after the dramatic falling out of FTX. Known for being bullish on SOL, this now de-activated exchange had over $1 billion in holdings for the asset alone. Thankfully, SOL made an impressive hours and investors have been growing
However, the asset still has much to prove. Experts at Changelly project a potential of $184.6 this year, perhaps as early as December, however they anticipate the climb to an ATH as toppling the $259.96 mark won’t be achieve until May of 2026. Unfortunately facts presented by Telegaon are a bit slower, although they also think a maximum price of $165.16 in 2024 is attainable. Despite the experts often not seeing eye to eye, one this that has stayed the same is the close correlation of Bitcoins price and Solana’s, bolstering the deficit that lives between SOL and its ATH.
