An anonymous crypto enthusiast lucked into a 100x return after betting $1,000 on the recent Solana memecoin Dogwifhat (WIF), capitalizing on the renewed allure of dog-themed tokens to realize over $100K so far.
Some analysts are making extremely bullish Solana price forecasts like $300 or even $1,000 for the SOL token, which has already explosively risen from $10 to around $78 in 2023 – a 650% increase.
Solana’s price dropped 13% suddenly, liquidating nearly $20 million in long positions and delivering huge losses to SOL traders who had bet on continued gains. The crash was the biggest blow to bullish traders since SOL had risen 600% in 2023.
Solana has surged over 10% recently but price predictions estimate it likely won’t reach $70 in the short term, with analysts expecting it to trade between $55-$65 in December.
Solana has seen massive gains in 2023 and analysts forecast the token will continue rallying to rise 47% from current levels to reach $82.50 in the near term.
The SOL-based BONK meme coin saw a 25% price spike after Binance announced it would be launching BONK futures contracts, further boosting the coin’s momentum.
Solana pulled back 5% after last week’s 40% price explosion, while FIL, MATIC, and other altcoins rallied.
Solana has surged over 175% in the past month to over $20B market cap, even as FTX wallets unload SOL holdings obtained from Alameda’s balance sheet.
Solana has surpassed Polygon in daily decentralized exchange volume and transactions, underscoring Solana’s ongoing momentum and outperformance.
Solana price gained 12% reaching a 14-month high of $46 as Solana continues rallying despite FTX unstaking 500K SOL coins worth $21 million.
