{"id":2853,"date":"2023-12-26T05:08:21","date_gmt":"2023-12-26T05:08:21","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/12\/26\/solana-sol-price-rally-is-unstoppable-expect-100-gains-in-2024\/"},"modified":"2023-12-26T05:08:21","modified_gmt":"2023-12-26T05:08:21","slug":"solana-sol-price-rally-is-unstoppable-expect-100-gains-in-2024","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/12\/26\/solana-sol-price-rally-is-unstoppable-expect-100-gains-in-2024\/","title":{"rendered":"Solana (SOL) Price Rally Is Unstoppable, Expect 100% Gains In 2024"},"content":{"rendered":"<div>\n<p>Ethereum Layer-1 competitor Solana is making strong moves with the SOL price gaining an additional 7.26% and moving all the way to $120. With this, Solana has extended its weekly gains by a staggering 60% and December gains by a solid 100%.<\/p>\n<h3>Can the Solana (SOL) Price Rally Continue?<\/h3>\n<p>After this unstoppable price rally, investors have been waiting for a dip and an opportunity to accumulate.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>As per trade suggestions shared on TradingView, there appears to be a <a target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/solana-price-prediction-whats-ahead-for-sol-after-100\/\" rel=\"noopener\">potential buying opportunity<\/a> in the short term for accumulating more SOL. Though it may be challenging to recommend establishing a substantial position after recent gains, there seems to be further upward potential for SOL.<\/p>\n<p>Taking a broader perspective, SOL successfully surpassed a crucial level at $113 without encountering significant resistance. The swift price surge has prompted some cryptocurrency traders to secure profits, a prudent move in light of the notable price increase.<\/p>\n<p>In the Solana 2024 projection, $143 stands out as a significant resistance level. Traders should anticipate sell-offs, particularly around zones of price resistance. On the downside, $100 shall provide a better buying opportunity for Solana.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>The next year 2024 could be more appealing for the crypto market with the arrival of <a target=\"_blank\" href=\"https:\/\/coingape.com\/analysts-predict-btc-rally-to-continue-as-bitcoin-funding-rates-reset\/?utm_source=24hrsupdateall\" rel=\"noopener\">Bitcoin ETFs<\/a>. This could also lead to a fresh influx of institutional funds in the market. The below chart shows that a realistic expectation of $250 for the Solana price by the end of 2024.<\/p>\n<figure id=\"attachment_171099\" aria-describedby=\"caption-attachment-171099\" style=\"width: 638px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-171099\" alt=\"\" width=\"638\" height=\"396\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction.jpg 638w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction-300x186.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction-150x93.jpg 150w\" data-lazy-sizes=\"(max-width: 638px) 100vw, 638px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction.jpg\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-171099\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction.jpg\" alt=\"\" width=\"638\" height=\"396\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction.jpg 638w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction-300x186.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Solana-Price-Prediction-150x93.jpg 150w\" sizes=\"(max-width: 638px) 100vw, 638px\"\/><\/noscript><figcaption id=\"caption-attachment-171099\" class=\"wp-caption-text\">Courtesy: Pathaan Khan\/ <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/u\/PathaanKhan\/\" rel=\"noopener\">Trading View<\/a><\/figcaption><\/figure>\n<h3>SOL Trumps ETH In Trading Volumes<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Solana (SOL) has outpaced Ethereum (ETH) in 24-hour perpetual futures trading volume, a crucial metric in the cryptocurrency market.<\/p>\n<p>Based on CoinMarketCap data, Solana achieved an impressive trading volume of 5.56 billion USDT, surpassing Ethereum\u2019s 4.68 billion USDT. This shift in market dynamics coincides with a 7.51% increase in Solana\u2019s price over the last 24 hours.<\/p>\n<p>Perpetual futures, a form of derivatives contract without an expiry date, enable traders to speculate on future cryptocurrency prices. These instruments play a vital role in crypto market liquidity and price discovery. Solana\u2019s lead in this metric is particularly noteworthy, given Ethereum\u2019s historical dominance in the field.<\/p>\n<p>In spot trading volume, Solana continues to dominate with a percentage volume of 8.43%, outpacing Ethereum\u2019s 4.62%. Additionally, Solana has achieved a market capitalization exceeding $50 billion, solidifying its position as a notable player in the cryptocurrency sphere. In a noteworthy feat, Solana has also surpassed Ethereum in 24-hour Decentralized Exchange (DEX) trading volume.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/solana-sol-price-rally-is-unstoppable-expect-100-gains-in-2024\/\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/solana-sol-price-rally-is-unstoppable-expect-100-gains-in-2024\/\" rel=\"noopener\"><br \/>\n  <img decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            \n            \n\n<div class=\"SponserdyWebimg_2\"><img width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            \n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            \n            \n\n<div class=\"SponserdyWebimg_2\"><img width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            \n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA171098\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD171098\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    View all\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/crypto-2023-the-santas-grinches-and-etf-dreams-unfold\/?utm_source=post&amp;utm_medium=web-story\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list.jpg\" \/><noscript><img width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-holiday-guide-gifts-for-every-bitcoiner-on-your-shopping-list-150x200.jpg 150w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Crypto 2023: The Santas, Grinches, and ETF Dreams Unfold <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/christmas-crypto-rollercoaster-santa-surges-merry-takes-a-dive\/?utm_source=post&amp;utm_medium=web-story\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Xmas Coin\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16.jpg\" \/><noscript><img width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Xmas Coin\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-f96bb2b2ead5feccfebf5808c0190a16-150x200.jpg 150w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Christmas Crypto Rollercoaster: SANTA Surges, MERRY Takes a Dive! 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With this, Solana has extended its weekly gains by a staggering 60% and December gains by a solid 100%. Can the Solana (SOL) Price Rally Continue? After this unstoppable price rally, investors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=2853"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/2854"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=2853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=2853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=2853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}