Solana token SOL has increased by over 1000% in 2023, analysts predict that it may continue to rise in the coming months

According to CryptoPotato, Solana's native token SOL performed well in 2023, with a growth rate of over 1000% and breaking through $100. Analysts Ali and JAKE on Twitter predict that SOL may continue to rise in the coming months. Trader Alex Krüger suggests that the US may launch a Solana ETF next year, which will attract more capital into the ecosystem. Analyst Ali believes that Solana is forming a bullish signal, and if SOL can achieve a "decisive close" above the resistance level of $110, it may trigger an upward trend with a target price of $163. JAKE praises Solana's ecosystem as "strong," superior to Ethereum in terms of speed and cost. He believes that these advantages, along with important partnerships established by Solana in recent months, will propel SOL to unprecedented heights within a year: "By 2025, I expect the price of Solana tokens to exceed $750. As more people transition from Ethereum blockchain to other blockchains like Solana, I anticipate Solana becoming Ethereum's top competitor in the next bull market."