Solana (SOL-USD) price predictions are a hot topic among crypto traders on Monday as SOL rises alongside new meme token Bonk (BONK-USD).
The big news here is that Bonk is a meme token that operates on the Solana blockchain. Investors in the BONK token, which is another Shiba Inu-themed crypto, staged a massive rally last week. The crypto rose more than 4,800%.
Considering the connection between these two cryptos, it makes sense that were also seeing SOL rise in value as well. Granted, it’s not as big of a percentage jump at 22.2% as of this writing. But Solana is also a much more mature crypto that already trades at a higher price than BONK. SOL trading volume over the last 24 hours is also up 372.3% as of this writing.
Keeping that in mind, it makes sense why crypto traders are interested in the potential of SOL. As such, we’ve rounded up some of the latest Solana price predictions below!
Solana Price Predictions
- Starting off or coverage is Gov Capital with its one-year estimate of $169.45442062767 for the crypto.
- Next up is WalletInvestor with a bearish one-year forecast of $5.875 for SOL.
- Finally, DigitalCoinPrice closes out our Solana price predictions with an average estimate of $35.75.
How do these price predictions match up to Solana’s current value? The overall sentiment is positive compared to the crypto’s price of $16.71 as of Monday afternoon.
Investors looking for more of the hottest crypto market news today are in luck!
InvestorPlace has traders covered with our deep dive into Monday’s crypto news! A few examples include what’s happening with Digital Currency Group, Dogecoin (DOGE-USD) and Bitcoin (BTC-USD) today. We’ve got all that news ready to go at the links below!
More Monday Crypto News
- Genesis Crypto Brokerage Parent Company DCG Facing SEC Probe
- Dogecoin Price Predictions: Where Will the DOGE Crypto Go in 2023?
- Bitcoin Will Make a Run for $100,000
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
