Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’

Cointelegraph

Published Sep 09, 2021 07:00AM ET

Updated Sep 10, 2021 09:20AM ET

A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high.

The SOL/USD exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in history.

SOL/USD daily price chart. Source: TradingView
Solana's top rivals Ethereum and Cardano price performance. Source: TradingView

Continue Reading on Coin Telegraph