Post
Topic
Board Speculation (Altcoins)
Re: Can Solana hit $40 this year?
by
savetheFORUM
on 03/11/2023, 18:41:54 UTC
Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/
The uptrend for Solana was surprising yet good to see after such a long time. It was having a hard time recovering even when Bitcoin and the whole market were recovering slowly, and that has made the investors and holders of Solana confused about whether it will be able to recover. I remember, in the past, when Bitcoin was around $33k before dropping to $16k, SOL used to be around $38, and then when the FTX collapsed and everything started going negative, that's when SOL started to become more stagnant and lose a lot of value.

It's good to see it recovering and showing that it is still there and it shouldn't be neglected. I know a lot of people think that the regulatory pressure would stop its growth over time because of its links with FTX and SBF but I believe it can come out of all that and have an independent and organic growth.