Solana Breaks New Record High as Expert Panel Predicts a $1,178 Price Tag by 2030
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On Monday, product comparison website finder.com published a survey on Solana (SOL) involving a 50-expert panel comprising experts from the fintech and cryptocurrency industry.
Solana has recorded yet another sharp spike, pushing it to the number four spot in the top crypto rankings based on market cap, with a valuation of $72.5 billion (press time).
The 50-expert panel from the survey agreed that SOL would close the year at $235 per unit. Meanwhile, fintech specialists on the panel expect the price to hit $1,178 per unit by 2025. The survey also reported that the panelists expect SOL to hit $5,056 per unit by 2030.
Meanwhile, 51% of the total respondents agreed that Solana’s proof-of-history (PoH) consensus mechanism would allow it to overthrow Ethereum in the future. However, 26% argued against SOL overtaking Ethereum in the future, while 23% were unsure.
Notably, 40% of the panelists argued that the recent DDoS attack suffered by Solana is a big issue.
Speaking on the survey, the Thomas Reuters technologist and futurist Joseph Raczynski noted that he expects SOL to hit $250 by year’s end. Interestingly, the Ethereum-killer recorded a new all-time high of $250 earlier today.
Raczynski added that:
“While vastly more centralized, Solana could perform well for less financially important asset tokenization projects.”
Key Solana Levels to Watch — November 5
Following an eleven-day sideways pattern between $216 and $185, SOL finally retook its previous $216 record high, facilitating a parabolic run to the $250 top in the early Asian session today.
That said, the cryptocurrency has swung dangerously close to overbought conditions at 12.95 on my 4-hour MACD technical tool, indicating a possible slowdown in the near term. The fourth-largest cryptocurrency recorded a mild correction to the $240 level as bulls prepare for the next leg-up. I expect a short sideways momentum over the coming days under $250 to ease the trading condition before attempting the $260 zone.
Meanwhile, our resistance levels are $250, $260, and $270, and our key support levels are $230, $220, and $216.
Total Market Capitalization: $2.71 trillion
Solana Market Capitalization: $72 billion
Solana Dominance: 2.7%
Market Rank: #4
