Author
Simon Chandler
Author
Simon Chandler
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The Solana price has gained 3% today, rising to $179 as the crypto market as a whole dipped by 0.3% in the past 24 hours.
This move also pushes SOL up by 21% in a week and 35% in the past month, while the altcoin has now increased by 22% in the past year.
And what’s interesting about today’s rally is that it has happened just after a whale transferred around 167,500 SOL for staking.
This suggests that big investors are bullish about Solana’s long-term future, with the Solana price prediction over the next few years looking very good.
Solana Price Prediction: Solana Whale Moves 167,500 SOL Worth $28.37M in 4 Days, Is The Price About To Crash or Fly?
According to Onchain Lens, the whale in question began withdrawing Solana from FalconX four days ago, staking all of the SOL he took off the trading platform.
Locking up such a large amount of SOL is a bullish vote of confidence in the token, and what’s also encouraging is that other whales have been moving large quantities of the alt in recent days.
We saw two big transfers three days ago, one of over $110 million in SOL and another worth nearly $160 million.
Both transactions were from one unknown wallet to another, so it’s not entirely clear whether they signal a recent purchase or an incoming sale.
Nonetheless, they indicate strong and sustained interest in Solana, with the coin’s chart today showing that the coin is regaining momentum after a difficult couple of months.
Most bullishly, SOL’s 30-day moving average (orange) is about to form a ‘golden cross’ with its 200-day (blue), usually a sign of a breakout.
We also see that the token’s relative strength index (purple) has just croseds 70 after spending most of February and March below 50.
In other words, SOL appears to be entering a period of renewed growth and price appreciation, helped by signs of improvement in the recent tariff war between the US and China (and much of the developed world).
The Solana price could therefore reach $240 by H2, while the arrival of upgrades – such as the Firedancer update – could send it to $350 or $400 by the end of the year.
New Solana-Based Tokens Threaten to Beat Market
While Solana is likely to remain one of the most promising major tokens for a while, it won’t be the only altcoin to rally as the wider market becomes more buoyant.
New alts and meme tokens are also likely to show lots of positive volatile, while the best and biggest presale coins could also do very well over the coming weeks.
One presale token in particular that looks interesting right now is Solaxy (SOLX), a new Solana-based coin that has raised an astonishing $35.5 million in its ongoing sale.
As Solana’s first layer-two network, Solaxy will offer lower transaction fees and faster confirmation times, while also enabling instant bridging between itself and Solana.
This promises to make using Solana and its ecosystem of apps more efficient for traders, with Solaxy aiming to become an important network for meme coins.
Users will need to pay Solaxy’s transaction fees using SOLX, giving the token strong utility from the very beginning.
Holders will also be able to stake SOLX, so demand for the coin could be very high.
SOLX’s presale will be ending soon, but you can still join it at the Solaxy website, where the coin is currently available at $0.001724.
This price is rising again tomorrow, yet the sale’s popularity suggests it could rise much higher once the token lists.
