Bullish Solana (SOL) will Reach $300 Soon

New Analysis Predicts Solana (SOL) to Hit $600 by 2022
  • Solana has displayed a bullish trend with an increase in price and volume.
  • The month of November has been successful for SOL prices.
  • We can expect SOL to surge close to $300 levels.

Recently, Solana has displayed a bullish trend with an increase in price as well as in volume. If this bullish trend is continuous, for sure we can expect Solana to reach $300 soon.

Accordingly, the month of November has been successful for SOL prices. Eventually, Solana is a descent into the gaming space. That could impart immense value to the blockchain and the NFT space. Meanwhile, traders are looking forward to SOL price gaining leaps and bounds ahead of its current valuation.

Solana venture is entering into the world of gaming and NFTs, and many blockchains are moving towards the revolution. More so, Solana ventures, FTX, Lightspeed are creating a $100 million Web3 gaming investment. The initiative has already directed $21 million to a gaming project based on Solana. The first investment in faraway games raised $30 million.

Henceforth, the project aims to expand new decentralized models for gaming as well as the tools which are required to develop the same. As per some sources, the representatives are in association with the fund. Expecting that Solana could thrive in the crypto gaming space, Owing to its high speed, cheaper cost, performance, and its capabilities.

At the time of writing, as per CoinMarketCap, Solana’s (SOL) price was trading at $253.13 with a 24-hour trading volume of $3,457,706,641. SOL price has gained over 8% in the last 24-hour. The circulating supply of SOL is 301,210,970.77 SOL. The crypto asset has surpassed its descending triangle pattern and is currently trending within a bullish flag. If it breaks the resistance level we can expect SOL to surge close to $300 levels. If it breaks its resistance level at $300, it might also reach its target level at around $360.

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