Solana (SOL) Price Prediction After Bitcoin Halving 

Topped because the main “trending” coin of the season, Solana has been taking on the market currently attributable to its stellar value efficiency. 

With Bitcoin touching new all-time highs, the altcoin market was fused with new vitality, sending cash skyrocketing to new highs. Nonetheless, Solana’s value efficiency was dubbed outstanding attributable to its thriving ecosystem developments, backed by a notable surge in presale initiatives. 

Per CoinMarketcap, Solana‘s SOL has famous a 40% surge in its value within the final month. SOL is at present exchanging palms at $188.48, up 2% within the final 24 hours. 

With the occasion of bitcoin halving approaching, Solana is poised to realize credible market momentum. Right here’s how a lot Solana can achieve post-event. 

Solana Worth Prediction Publish-Bitcoin Halving

Bitcoin halving is quick approaching, which is alleged to bolster the costs of main crypto tokens. The occasion can propel Bitcoin to expertise slight value volatility earlier than touching a brand new ATH. Nonetheless, such occasions have additionally been famous to drive investor sentiment in the direction of different main altcoins, boosting their prospects. 

With Bitcoin Halving scheduled for April 21, Solana can notice a big value spike across the similar time. In line with crypto analytics platform CoinCodex, Solana might doc a notable 99% hike in its value by April 22. 

The platform later predicts Solana to realize a staggering 230% by Might 2, catapulting its value to an bold value mark of $620. 

“SOL is predicted to rise by 230.90% and attain $620.35 by Might 3, 2024. Per our technical indicators, the present sentiment is bullish, whereas the Concern & Greed Index is exhibiting 71 (greed). Solana recorded 19/30 (63%) inexperienced days with 12.97% value volatility over the past 30 days.”

One other crypto analytics platform, Changelly, predicts SOL to realize 121% by April 22, with its value stabilizing at $421.

“Primarily based on the value fluctuations of SOL originally of 2023, crypto consultants count on a median SOL price of $412.18 in April 2024. Its minimal and most costs will be anticipated at $$189.46 and $$634.89, respectively.” 

April is dubbed a big month for Solana, because the blockchain is poised to onboard new token launches. Solana has an extended queue of airdrop token launches, that are scheduled to happen in April, thereby boosting prospects for the complete ecosystem positively.