The Solana (Sol) market was one of the assets that was able to record notable spikes throughout 2024. Most assets only recorded an uptick in the last few months of the year, but SoL worked very well. Additionally, Altcoin jumped to nearly 20% in the good month of April. The asset ranged from a low of $96.59 to a high of $156.05. This is significantly lower than the peak, but the community continues to bet on assets that have reached $500. But the real problem is when Sol hits this milestone.
Has Solana moved past the $150 mark?
At the time of writing, Solana was trading at $149.58. This occurs after a 1.17% decrease in the last 24 hours. Sol seems to be struggling to latch to $150. But earlier today, the asset priced at $153.87.
The sixth largest cryptocurrency is now far from the ever-highest ever high, not just the coveted $500 mark. Solana peaked at $294.33 in January about three months ago. The community had hoped that SoL would touch $300, but now its assets are below an all-time high of 49%.
Can $500 be transformed into reality soon?
Looking at the massive price surge in Solana, some in the market predicted that their assets would reach a $500 high by this year. On the contrary, Sol is moving very slowly. According to Concodex data, the asset is likely to take on current trends throughout the year. So $500 could be out of Altcoin’s photo. The company has revealed that SoL can only achieve this milestone in 2029. During this period, assets will be traded at a maximum price of $505.65. This happens after a 237% increase from the current price level.
