Solana (SOL) has demonstrated strong recent performance, with analysts predicting new peaks before the end of 2024.
Solana has been among the best-performing cryptocurrencies lately, registering a 20% increase on a weekly scale.
Analysts like CryptoJack believe SOL has formed a rounding bottom pattern and expect it to reach an all-time high by the end of 2024.
The success of Solana has coincided with the launch and price explosion of meme coins built on its network, with examples like WIF experiencing significant market capitalization growth.