You don’t have to be a meme degen before knowing about Solana (SOL). Besides its vibrant meme ecosystem, it plays a key role in the crypto scene as a provider of DeFi solutions and services. It assists with decentralized applications and the Solana blockchain has become a popular destination among developers and projects, hot on Ethereum’s heels.
Given the above, Solana’s success isn’t surprising. The Solana price hit $183 this week, trading in tandem with Bitcoin, which crossed $73,000 and marked a 5-month high. Despite the slight decline—a 2% downturn on the daily chart—it trades above the $175 mark. Moreover, the MACD Level (12, 26) on the daily chart is at 7.66, a buy signal.
With a full-blown bull market on the horizon, Solana (SOL) might be one of the best coins to invest in. It is on track to end the year above $300 and is projected to cross $500 at the peak of this bull run.
