Solana, one of the leading cryptocurrencies, has noted a spike in its price, climbing to $139 in the past 24 hours. The crypto has risen 9% in the last 24 hours.
According to Changelly, the current bull run is expected to trigger SOL to breach new price thresholds. The analytics platform recently awarded Solana the “Crypto of the Year” award, driving its popularity up a notch.
Also Read: Solana (SOL) Approaches 2-Year High, Will It $150 Next?
Solana’s Price Prediction for March End
With several network outages gnawing at Solana, the network projects an unfazed identity and continues to draw considerable momentum. Solana is currently rising at a stable rate, up 9% in the last 24 hours.
According to Changelly, the current bull run is expected to trigger SOL to breach new price thresholds. The platform believes that Solana could rise to $143 given that it continues its price trajectory.
“.. crypto experts expect an average SOL rate of $143.24 in March 2024. The minimum and maximum prices can be found at $126.91 and $159.56 respectively.
CMC Awards Solana As The Best Crypto Of The Year
CoinMarketCap, a leading crypto analytics platform, has come up with a new award concept. The concept entails awarding crypto entities to celebrate sectoral excellence and their continuing legacy.
CMC named Solana’s SOL as the best crypto of the year in the 8 categories where it granted excellence tags. The award primarily acknowledged Solana’s resilience in overcoming challenges as a reason to reward the crypto.
Also Read: Can BONK Hit $0.01 in March 2024?
Additionally, CMC rewarded BONK as the best meme coin of the year, expanding its fan base by a large margin.
The surge in SOL trading triggered a massive shutout at Binance. Binance later revealed that the exchange had to suspend SOL withdrawals citing “increased volume of transactions.”
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