Source: Dall – E 3
The Solana rate has actually risen by 15% in the previous 24 hours, increasing $87.94 after Trezor revealed that its wallet would support the altcoin.
Today’s increase implies that SOL is now up by 20% in a week and by 56% in the last 30 days, with the token likewise resting on a strongly remarkable 626% boost in 12 months.
And Trezor’s just recently revealed assistance for SOL reveals that the coin and its platform might have only simply started growing, with more rate gains most likely in the coming weeks and months.
Solana Price Prediction as Trezor Wallet Adds Support for SPL Tokens– Adoption increasing?
SOL’s indications show the boost in momentum, while likewise revealing that there’s still area for the altcoin to increase a little more before it requires to come down.
Its RSI (purple) has actually simply passed 70 once again after a week approximately around 60, implying that SOL’s rate might continue increasing in the next couple of days.
Source: TradingView
SOL’s 30-day average (yellow) is still increasing highly above the 200-day average (blue), and offered that it had actually invested so long listed below the latter, it and SOL’s rate can manage to keep increasing for a while.
Such optimism likewise agrees with the coin’s assistance level (green), which has actually climbed up gradually over the previous number of months, recommending that SOL will not fall far whenever it alleviates off the gas.
At the exact same time, the property’s trading volume stays extremely healthy, having actually increased from around $750 million a couple of weeks ago to $4.5 billion today.
582,198 #SOL (50,983,065 USD) moved from unidentified wallet to unidentified brand-new wallethttps:// t.co/ foXyDuSJfK
— Whale Alert (@whale_alert) December 21, 2023
It appears that whales have actually been trading the token rather greatly, if current transfer signals are anything to go by.
And as kept in mind above, wallet company Trezor now wishes to deal with such traders, given that the other day it revealed its wallet would start assistance SOL and Solana-based properties.
“When Solana?”
Today is the day, Trezor supports @solana
Both the Trezor Model T and Trezor Safe 3 now support SOL in addition to all SPL tokens. pic.twitter.com/ug1lGtvXwv
— Trezor (@Trezor) December 20, 2023
Considered that Trezor reports serving over 1 million clients worldwide, its growth of assistance to SOL might offer the altcoin with a huge increase in the near and more remote future.
It has actually currently taken pleasure in substantial development this year, with its overall worth secured increasing from $210 million to $1.2 billion.
And with many experts anticipating a booming market in 2024, next year might see the Solana cost increase even greater.
It might possibly strike $100 in a couple of weeks, before bothering its ATH (of $259) by the end of 2024.
