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The recent surge has fueled hope that Solana (SOL) can reach $100 in 2024. Briefly breaking above $75 on Friday, SOL is riding a massive tidal wave that can easily see it posting record gains in the next two months. Still, everyone is not convinced that Solana is the best investment option at the moment.
Can SOL Price Reach $100 in 2024?
The latest surge brings SOL’s December gains above 20%. The incredible performance was triggered by an unusually high demand, demonstrated by a massive increase in trading volume. At the start of December, SOL trading volume was at $1.85 billion, skyrocketing to $4 billion just one week later. It is an increase of 185%, one of the highest in such a short period we have seen this year.
High demand and high price indicate that SOL is on the verge of a massive breakthrough, which could easily see it hit $100 in 2024 or even sooner. Solana price predictions are becoming increasingly optimistic as this trend continues.
However, some advise caution before going all in on SOL. The main concern is that Solana has hit a resistance level at $75 that may be hard to break. It may very well turn out to be SOL’s peak for the time being, which would mean that investing in it right now would be a bad idea. As the SOL boat seems to have sailed, investors are increasingly turning to other options. Currently, those options would be tokens like Bitcoin ETF (BTCETF), Ethereum ETF (ETHETF), Meme Kombat (MK), and TG. Casino (TGC). These emerging cryptos have the potential to be the next big thing in their respective niches and could easily become 50x gainers by 2024.
Bitcoin ETF (BTCETF) – Bitcoin Derivative Set to Exploit Upcoming ETF Approval
The anticipated SEC approval of crypto ETFs is perhaps the biggest game changer on the crypto market we have seen in years. The enormous potential has spurred many developers to start creating tokens that would work specifically with exchange-traded funds, but creators of Bitcoin ETF have beaten them all to the punch. Their project is already deployed and going through a successful presale.
Designed as a deflationary cryptocurrency, BTCETF has built-in mechanisms that ensure regular burns to keep the supply under control, providing a steady upward push on the price. It also comes with a 200% APY staking option, one of the highest-yielding on the market.
The BTCETF presale is racing towards its hard cap goal, raising $3.4 million already. Investors are scrambling to get their hands on this promising token while it is still cheap, anticipating a massive price explosion once it hits crypto exchanges.
Ethereum ETF (ETHETF) – Best Option for Upcoming Ethereum Spot ETFs
Ethereum ETF is another token poised to take advantage of the upcoming crypto ETF approval. Specifically designed to meet the needs of the ever-evolving crypto ETF landscape, Ethereum ETF holds tremendous potential. Ethereum Spot ETFs seem to be around the corner, which would mean that Ethereum will join commodities like gold and oil on world stock markets. Besides, the ETHETF is positioned perfectly to take advantage of such development.
With DEX liquidity already locked and a limited supply of just 100 million tokens, many investors see Ethereum ETF as an excellent investment option. If you can’t afford to wait for SOL to hit $100, this may be a perfect crypto investment for you.
Meme Kombat (MK) – Promising P2E App
In 2023, we witnessed an amazing revival of the meme coin niche, brought on by the success of Pepe, SpongeBob, and several other tokens. Now, we have another crypto project poised to follow in their footsteps.
Meme Kombat combines meme power with utility within a popular Play2Earn (P2E) platform. This combo all but ensures that MK will be a tremendous success on the market. The app revolves around battles between memes, with players betting on the outcomes.
The fact that MK presale already raised $2.8 million is proof of just how popular this concept is, both among investors and players. As the MK price is expected to surge post-presale, early investors are poised to make a bundle in a much shorter timeframe than SOL investment can offer.
TG. Casino (TGC) – A New GambleFi Star
One of the biggest hurdles new online casinos face early on is attracting an audience. TG. Casino clears it easily by simply being a part of Telegram, one of the world’s biggest messaging apps. With instant access to millions of users, TG. Casino is set to experience massive growth in user numbers almost immediately upon launch.
With such a setup, it is easy to see why so many investors are betting that TGC, the Telegram casino bot’s native token, will go straight to the Moon as soon as its presale ends. With $3.8 million raised so far, that date is not far away.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a cryptocurrency that gained attention as a meme coin inspired by the popular Dogecoin token. Introduced in August 2020, it features the Shiba Inu dog breed as its mascot. SHIB operates on the Ethereum blockchain, utilizing ERC-20 tokens. Positioned as an experiment in decentralized community building, it emphasizes community-driven initiatives, such as the ShibaSwap decentralized exchange.
SHIB has been making waves lately, and some analysts suggest that it may be time to consider investing in it. However, we feel that more time is needed to correctly assess SHIB’s potential before making that decision.
Solana Price Prediction
Solana is a high-performance blockchain platform designed for decentralized applications and crypto projects. It aims to provide fast and low-cost transactions while maintaining decentralization and security.
Solana uses a unique consensus mechanism called Proof of History (PoH) in combination with Proof of Stake (PoS). It helps keep the network scalable while improving the network performance and keeping the costs down.
Solana has posted some incredible gains this year, but not everyone agrees that it can reach $100 by 2024. In fact, most analysts don’t see it reaching that point before mid-2025. Here you can see a breakdown of Solana’s price prediction for the next three years.
| Month | Average Price |
| January 2024 | $84.16 |
| June 2024 | $84.91 |
| January 2025 | $90.20 |
| June 2025 | $105.20 |
| January 2026 | $143.60 |
| June 2026 | $168.92 |
Judging by these price predictions, SOL may be a good investment if you can afford to keep your money trapped for the next 18 months. In case you are looking for something with a faster turnaround, your best bets would be BTCETF, ETHETF, MK, or TGC, tokens projected to explode in early 2024.
Conclusion
Despite the massive growth, SOL doesn’t look like an attractive investment option at the moment. Experts agree that the token has peaked for the time being. Even though long-term Solana price predictions look favorable, the time frame for a decent ROI is just too long. Instead, we would recommend focusing on BTCETF, ETHETF, MK, and TGC. All four of these tokens are ready to explode by early 2024, securing huge returns for early investors.
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