{"id":1193,"date":"2021-08-23T20:22:46","date_gmt":"2021-08-24T00:22:46","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=1193"},"modified":"2021-08-23T20:34:38","modified_gmt":"2021-08-24T00:34:38","slug":"solana-price-prediction-sol-past-all-time-highs","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/solana-price-prediction-sol-past-all-time-highs","title":{"rendered":"Solana Price Prediction Update: SOL Blast Past Q1 2021 Highs, But Will It Peak at $80?"},"content":{"rendered":"\n
\"Solana
Solana Price Surged To All Time High<\/figcaption><\/figure>\n\n\n\n

An updated Solana price prediction is here! SOL crypto price is trading at around new all-time highs, above $75. Where will it go next?<\/p>\n\n\n\n

Solana’s<\/a> rapturous gains caught many crypto fans by surprise.<\/p>\n\n\n\n

At the time of writing, SOL\u2014the native coin of the highly scalable network, is up 20 percent versus the greenback, equally outperforming Bitcoin<\/a> and Ethereum<\/a> in the same time frame.<\/p>\n\n\n\n

With tremendous gains, the coin also has a spot in the top 10 by market cap.<\/p>\n\n\n\n

Solana (SOL) Market Overview<\/h2>\n\n\n\n

Come what may, Solana’s surge is nothing but impressive.<\/p>\n\n\n\n

The double-digit gain in the last week of trading and its outperformance of an equally resurgent BTC is a feat worth lauding.<\/p>\n\n\n\n

From the Solana technical analysis in the daily chart, it is clear that the path of least resistance is northwards.<\/p>\n\n\n\n

For the first time since launching in 2019, SOL crypto price is trading at around new all-time highs, above $75.<\/p>\n\n\n\n

The odds of SOL bulls flowing back are dependent on fundamental factors\u2014like DeFi<\/a> expanding, and more project’s opting to adopt Solana’s rails.<\/p>\n\n\n\n

From the coin’s candlestick arrangement, though, buyers are firm, trading in a bullish breakout pattern with a notable uptick in trading volumes.<\/p>\n\n\n\n

The latter measures interest whilst also gauging the underlying strength and volatility.<\/p>\n\n\n\n

Solana (SOL) Market Movers<\/h2>\n\n\n\n

The project’s edge lies in its ability to focus on providing solutions to existing pain points.<\/p>\n\n\n\n

Their objective, reading from its whitepaper, is to remain highly scalable and secure without compromising decentralization.<\/p>\n\n\n\n

To achieve this near-ideal goal, they implement a hybrid consensus algorithm.<\/p>\n\n\n\n

Solana’s homepage got a makeover:<\/p>\n\n\n\n

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1\/ Take a look \u2013 https:\/\/t.co\/cTGYoQyQen<\/a> just got a makeover \ud83d\udc85 pic.twitter.com\/JwFDaFC5Tb<\/a><\/p>— Solana (@solana) August 20, 2021<\/a><\/blockquote>