Solana Daily Active Wallets Surge: Is SOL Eyeing $250?

Solana has lately been the central blockchain in the crypto market. SOL’s remarkable price ascent and progression have been grabbing noteworthy attention. Per CoinMarketcap, the token is noting a steady price ascent, climbing nearly 70% in the last month. 

With its exceptional price hike, Solana is also noting a surge in its holders and network users. The blockchain has noted a surge in its daily active wallets, signaling its growth and expansion to new levels. 

Also Read: Cryptocurrency: Top Three Solana Meme Coins That Could 50x This Bull Season

Solana’s Daily Active Wallets Are Increasing

Source – CoinGape

Solana’s unprecedented growth has largely been attributed to its stellar ecosystem advancement. The network is rife with new presale tokens and meme currencies that have been bolstering the blockchain’s prestige. Additionally, the network’s resilience and cost-effective transaction methodology have also helped Solana gain prominence in the crypto market. 

The surge in the meme currency ecosystem on Solana has compelled new users to flock and explore the network. Per Solana Floor, the blockchain has documented a surge in its daily active wallet user metrics. 

The daily active wallet count on Solana has surpassed 2 million for the first time in the network’s history. The development hints at Solana’s unparalleled popularity among users, driven by the latest meme currency phenomenon on the blockchain. 

The trend has further been magnified by Google. The platform noted that Solana has been one of the most searched keywords on Google, driving its growth metrics to cross the usual thresholds. 

Also Read: Solana Price Prediction: How High Can SOL Rise This Weekend?

When Will SOL Hit $250?

With Solana’s excellent ecosystem advancement, the crypto community has been curious to understand its future price ascent. Solana’s promising network development ideas and its potential to lead the market are bolstering its prospects strongly. 

Per CoinCodex, Solana’s 30-day pattern mimics a positive stance, which could catapult its price to embrace a new ATH. 

The platform further noted that Solana may cross the $250 mark by March 28, 2024. 

“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $264.34 on March 28, 2024, gaining 48.28% in the process.” 

CoinCodex further predicts Solana’s next-week price ascent based on SOL weekly price patterns. 

“The Solana price prediction for next week is between $200.08 on the lower end and $249.34 on the high end. Based on our SOL price prediction chart, the price of Solana will increase by 24.62% and reach $249.34 by March 31, 2024, if it reaches the upper price target. “

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