Solana cryptocurrency is expected to grow by the end of February

CoinMarketCap analysts have used the Price Estimate function to predict the price of SOL at the end of February. According to the financiers, the cryptocurrency of the same name created by Anatoly Yakovenko will be traded for an average of $ 22.94.

The experts' assumption differs slightly from the value set by the PricePediction machine learning algorithm. According to artificial intelligence, on the last day of February 2023, the Solana rate will be fixed at $ 24.56.

The crypto community notes that the growth of the Solana rate gives rise to cautious optimism, given that the token fell below $ 10 after the collapse of the FTX cryptocurrency exchange, and it was predicted to be completely depreciated.

At the time of writing, SOL is trading at $ 21 with a market capitalization of $ 7.87 billion. Cryptocurrency experts predict that SOL will continue its rally to $ 26 per token in the near future, and then to $ 30.

To continue the bullish trend, Solana needs to secure support at $ 24. Analysts note that the SOL rate tends to grow even when the crypto market is in crisis. Thus, experts from TradingView emphasized that in order for the price of Solana to start moving to its historical maximum (the last historical maximum of SOL was recorded in November 2021 — the asset cost $ 260 — ed.), the cryptocurrency must successfully overcome resistance — first at $ 40, then at $ 80, and finally at $ 100.

Yesterday, on February 9, representatives of the Brave confidential browser and Solana cryptocurrency developers announced the start of a partnership. Now users of the Brave wallet will not only be able to store, send, and buy Solana-compatible tokens, but will also have access to popular dApps such as Magic Eden, Orca, and Jupiter.