Solana, the high-performance blockchain darling, spent today grappling with the $100 mark. Having rallied to within spitting distance earlier, the native token (SOL) retreated slightly but held onto most recent gains, hovering primarily above $97. This price point has emerged as a key battleground, analysts say, with significant selling pressure poised at the century mark. Solana’s 2023 Surge And Challenges 2023 was a stellar year for Solana, a stark contrast to its previous rollercoaster ride. Fuelled by factors including network upgrades and booming DeFi projects, SOL soared to a record high near $125 in December, clocking in a staggering 1,100% gain since January. Related Reading: Shiba Inu On Fire: Over 12 Million SHIB Vaporized – Impact On Price Despite today’s hesitation, Solana’s performance continues to draw admirers. “I see it as a potentially even better protocol than Ethereum for major crypto uses,” declared Joe DiPasquale, CEO of BitBull Capital, praising its speed, low fees, and increasing popularity. SOL 24-hour and seven-day price action. Source: Coingecko This sentiment echoes widespread confidence in Solana’s technical prowess. Hosam Mahmoud, a research analyst at CCData, hig ..
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