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- Solana targets potential 70%-110% growth driven by strong developer interest and increasing ecosystem activity.
- December 2024 saw Solana surpass major blockchains with 72.8 million daily transactions, setting a new volume record.
In a tweet, popular crypto analyst Javon Marks highlighted Solana’s (SOL) price momentum, noting that it may be poised to begin the next stage of a bull run. Price targets range from $360 to $ 457.97, Marks observed, implying possible gains between 70% and 110%.
Solana’s great performance following a significant retest suggests growing resilience in its market dynamics and reflects this optimism.
According to CoinGecko data, Solana (SOL) is swapped hands at about $208.47 at the time of writing. Over the last 24 hours, the coin has increased 1.87%, and over the last seven days, it has gained a rather significant 10.55%.
Solana: A Developer’s Top Pick and Transaction Powerhouse
Developmentally, Solana has established itself as a blockchain of choice rather solidly. Out of 39,148 developers joining the crypto market this year, 7,625 of them decided to work on Solana, according to a recent analysis by venture capital company Electric Capital.
Also, data from Artemis adds to this momentum; Solana handled an amazing 72.8 million transactions in one day in December 2024. Solana’s operational efficiency and scalability were shown even more by this daily transaction volume surpassing the amount of other big blockchains.
The growing popularity of memecoins and DeFi initiatives, which have driven more general involvement inside the ecosystem, has helped the network to acquire increased acceptance.
Moreover, a CNF report shows that BIO Protocol lately extended its BIO token to Solana. Using cross-chain architecture, this integration seeks to increase decentralized science financing. These advancements, along with Solana’s capacity to surpass Ethereum and Bitcoin in trading volume and money inflows.
