CRYPTO PREDICTOR – Cryptocurrency can wobble anytime and having an expert’s prediction can prove helpful. For February 16, Solana’s SOL Token is expected to show fluctuations throughout the day. Let’s look at the SOL price prediction for February 16, 2024.
Solana’s SOL Token Price Prediction Today
SOL is one of the most traded tokens as of today holding 5th place. The token has recently appreciated again after its highest peak in December of $125. In the last 24 hours of market analysis, SOL has lost 0.65% of its value.
In a comprehensive analysis, SOL gained 14.89% in value in the last week only but lost a whopping 6.08% in the last month. SOL Token currently holds a massive trading volume of $2.64 Billion United States Dollar (USD) and market cap of $50.60 Billion. As of the last update SOL is priced at $116.03 USD per token on crypto exchanges.
Price Prediction for Solana’s SOL Token [February 16, 2024]
As per expert analysis and in-depth research over the current market today, SOL token is expected to show a gradual decrease in value by almost 1.78% making Solana’s SOL reach $110.6 on February 16, 2024 due to the successful market testing at $100 and the current upward trend as the NFT boosting hype closes.
Moreover, the $100 mark is very dangerous for SOL as it will be difficult to recover from it if SOL drops below again. Traders are either going to wait and hold to see if the price of SOL is stable at $100 or withdraw trades. In this scenario SOL can peak at $121.9 tomorrow but can also show a decline of traders’ halt just to be on a safe side. Solana’s SOL is expected to show negative growth and depreciation.
