Cryptocurrency holders predicted Solana’s value as of July 31 — growth is expected

Members of the CoinMarketCap cryptocurrency community have shared their forecasts for the value of the token of the Ukrainian developer Solana. According to the users, on July 31, SOL will be traded for $ 22.48, which is 3.2% higher than the price of the digital asset at the time of publication — $ 21.76.

The accuracy of the SOL price forecast from the CoinMarketCap community over the past 6 months.

Considering the last price estimate made by the community at the end of June, the success rate of Solana’s price prediction was an impressive 89%. «It is important to realize that past performance does not guarantee future results. While the success rate of users' predictions is noteworthy, it is important to consider other factors that may affect the price of SOL in the future,» the analysts emphasized.

It is worth noting that the cryptocurrency of Ukrainian developer Anatoliy Yakovenko was the only token from the top 10 list that grew by more than 2.5% over the week. Solana rose by 11.7% in 7 days, ranking 10th among the best.

The digital asset has a market capitalization of $ 8.7 billion. This week, Solana’s trading volume increased to $ 568 million. Analysts noted that the cryptocurrency managed to overcome an important psychological barrier of $ 20, which was discussed last week.