Solana (SOL) has experienced an impressive surge of more than 700% since January 2023. Additionally, the token has demonstrated significant gains of 13.9% in daily charts, 21.3% in weekly charts, and a remarkable 56% increase over the last month. In 2023, SOL stands out as one of the top-performing cryptocurrencies, surpassing the performance of Bitcoin (BTC), Ethereum (ETH), and other notable competitors.
Anticipations among traders and investors suggest that SOL may soon surpass the $100 mark. Despite concerns about potentially missed opportunities, there remains a substantial chance for substantial returns with this fifth-largest cryptocurrency.
Your Millionaire Playbook for Solana at $100
If SOL attains a value of $100, you would require 10,000 tokens to achieve a million-dollar valuation. Currently, the cost of acquiring 10,000 SOL is approximately $868,500. Under this circumstance, you would realize a profit of around 15%. However, in the event that Solana (SOL) reaches its historical peak of $259.96, the same investment would be valued at approximately $2.59 million, resulting in a profit of nearly 200%. The lingering question revolves around when Solana (SOL) will reach the $100 mark.
Based on its current trajectory, SOL has the potential to breach the $100 level in the near future. According to CoinCodex’s projections, Solana (SOL) is expected to reach $90.64 by December 29, 2023, marking an increase of about 4.3% from its current levels. However, the platform foresees a subsequent decline in SOL’s price. Nevertheless, CoinCodex anticipates a resurgence in SOL’s value in early 2024, reaching $97.07 by January 16, 2024, reflecting an 11.7% rise from current levels.
Conversely, Changelly holds a more conservative outlook, not anticipating SOL to surpass the $100 threshold this year. Instead, the platform envisions Solana (SOL) reaching $92.95 by January 16, 2024, representing an approximately 7% increase from its current levels. Changelly, however, foresees SOL hitting the $100 mark sometime in 2025.