Solana is showing strength with potential gains of 110% going forward

Solana is targeting potential growth of 70%-110% driven by strong developer interest and increasing ecosystem activity.
In December 2024, Solana surpassed the major blockchains with 72.8 million daily transactions, setting a new volume record.

In a tweet, popular crypto analyst Javon Marks highlighted Solan’s (SOL) price momentum, noting that it may be ready to begin the next phase of the rally. Price targets range from $360 to $457.97, Marks noted, implying potential gains of between 70% and 110%.

Solana’s stellar results after a significant retest suggest growing resilience in market dynamics and reflect this optimism.

According to CoinGecko, Solana (SALT) was replaced by hands around $208.47 at the time of writing. Over the past 24 hours, the coin has risen 1.87%, and during the last seven days, it got quite significant 10.55%.

Solana: The best choice of developers and a powerful transaction engine

Developmentally, Solana has pretty solidly established itself as the blockchain of choice. Of the 39,148 developers who joined the crypto market this year, 7,625 chose to work on Solana, according to a recent analysis by venture capital firm Electric Capital.

Also, data from Artemis contributes to this momentum; Solana processed a whopping 72.8 million transactions in a single day in December 2024. Solana’s operational efficiency and scalability are further demonstrated by this daily transaction volume that exceeds that of other major blockchains.

Growing popularity memecoins and DeFi initiatives, which encouraged more general involvement within the ecosystem, helped the network gain greater acceptance.

Moreover, a CNF report shows that BIO Protocol has recently extended its BIO token to Solana. Using a cross-chain architecture, this integration aims to increase decentralized science funding. These improvements, along with Solana’s ability to surpass Ethereum and Bitcoin in trading volume and cash flow.