Solana (SOL), a prominent layer-1 blockchain platform, has surged by 45% since mid-February.
Analysts anticipate further upward movement, suggesting SOL could challenge its all-time high of $260 later this year.
SOL appears undervalued based on its price-to-sales ratio, indicating room for growth as its network activity continues to increase.
Solana (SOL), one of the most prominent layer-1 blockchain platforms, has caught fire over the last couple weeks. The Ethereum competitor has notched a scintillating 45% price gain since mid-February, outpacing broader crypto markets.
After languishing under $100 for the latter portion of 2022 and early 2023, SOL appears to have kicked into higher gear once again. The latest push has carried Solana back above the critical $140 level, as bullish momentum accelerates.
And despite its breathless run over the last month, analysts believe Solana still has ample room left to continue powering higher in the months ahead. Both from a technica
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