Source: YouTube

Solana (SOL), following the larger market, has faced a significant correction over the last few days. The asset is down by 12.8% in the weekly charts, 13.9% in the 14-day charts, and over 27% in the monthly charts. However, SOL’s price jumped 3.2% in the last 24 hours as the project unveiled a new token extension with the SPL standards. Moreover, the asset is still up by almost 280% since January 2023.
Source: CoinGecko
Solana (SOL) was one of the best-performing crypto assets in 2023, outshining the likes of Bitcoin (BTC) and Ethereum (ETH). At one point, SOL’s price was up by nearly 1000% since the beginning of 2023. SOL’s incredible run last year is especially commendable, given that the asset was one of the worst affected projects from the collapse of FTX. The now-defunct exchange was bullish on SOL and had over $1 billion worth of tokens. Nonetheless, the asset seems to be making up for what it lost during the FTX crash.
Also Read: Solana: Weekly $100 in SOL Since FTX Crash is Worth This Much

When will Solana (SOL) reclaim its all-time high?

Source – CoinGape
SOL reached its all-time high of $259.96 more than two years ago in early November 2021. Although the token is down by over 66% from its highs, reaching its 2021 peak again would translate to a growth of over 197%.

Also Read: Solana [SOL] February Price Prediction
According to Changelly, Solana (SOL) could surpass its all-time high sometime in August 2026, about two-and-a-half-years from now. The platform anticipates a maximum price of $309.85 for SOL, which it may attain in December 2026. Reaching $309.85 from current levels would translate to a growth of over 255%.
Telegaon also anticipates SOL to reach its all-time high in 2026. However, the platform does not clarify in which month. Telegaon predicts SOL to hit a maximum price of $276.39 in 2026, a growth of over 217%.

Solana (SOL) May Fall to $70 Before It Hits $120: Predicts Analyst

Source: Business Insider

Solana (SOL) was among the best-performing cryptocurrencies last year, rallying by almost 1000% at one point since January 2023. The asset hit a yearly high of $121.45 on Dec. 26, 2023. However, SOL’s price has undergone a significant correction since its 2023 highs. SOL is currently down by over 12% in the weekly charts and over 22% in the last 30 days. However, the asset is up 1.9% in the daily charts and over 278% in the previous year.
Source: CoinGecko
Also Read: Solana (SOL) Price Drops Below $100; When Will It Reclaim Lost Ground?

Solana (SOL) to fall to $70 before rallying further?

Source – CoinGape
According to crypto analyst Bluntz, Solana’s (SOL) current movement resembles its late 2018 pattern. The analyst states, ‘Those who remember, remember. I can’t say exactly. Maybe there will be a final exit burst, or maybe a burst straight down to support. All I know is if it drops below $70, I will make a substantial purchase of SOL.‘

Also Read: Solana: Weekly $100 in SOL Since FTX Crash is Worth This Much

real ones remember.

maybe we get one final exit pop or maybe it blows straight through support from here, im not sure, all i know is if we get low 70s ill be max bidding sol pic.twitter.com/R26m1mGmdi
— Bluntz (@Bluntz_Capital) January 22, 2024

According to Bluntz’s estimates, SOL’s price could retract to $70 before reclaiming the $100 level. Falling to $70 would translate to a drop of about 20% from current levels.
Apart from Bluntz, another crypto analyst by the name of Pentoshi predicts SOL to drop to $70 levels before making any positive moves.
Also Read: Solana (SOL) May Rally 43% to $145 in February: Predicts Analyst.
Moreover, AltcoinSherpa also anticipates Solana (SOL) to drop to $70, stating, ‘$70 Solana seems like a fair price to get in.‘

$SOL: $70 #Solana seems like a fair good price to get in pic.twitter.com/VQZ3NeDIzK
— Altcoin Sherpa (@AltcoinSherpa) January 22, 2024

The project has also seen a surge in orders for its mobile phone, Saga. According to reports, over 40,000 units have been ordered so far. The mobile phone may also aid the asset’s price to rally.

Shiba Inu: These SHIB Investors Made Over $1 Million, Here’s How

Source: Watcher Guru

Shiba Inu (SHIB) has turned many early investors into multi-millionaires. The project has several rags-to-riches stories that boosted the asset’s popularity among young investors. Many new traders wanted to make it big with SHIB, which had a meteoric rally from 2020 to 2021, with prices surging by many million percent.
Also Read: Shiba Inu: Google Bard AI Predicts When SHIB Will Hit $0.0003
Let’s look at some investors who made over $1 million in profits after investing in SHIB.

Investors who made over $1 million with Shiba Inu (SHIB)

One American truck driver put in $650 in SHIB in 2020. Little did the middle-aged trucker know he would become a millionaire a few months later. In the ten months following the investment, SHIB’s price deleted five zeros after its decimal. The initial $650 investment turned into $1.7 million in May 2021. The increase in value translates to a growth of about  261,438%. The trucker’s employer later stated that the man quit his job after becoming a millionaire.
The second example is a 35-year-old blue-collar manager at a warehouse who put $8,000 into Shiba Inu (SHIB) in 2020. The token’s price rallied by about 70,000% a few weeks after the investment. The warehouse manager liquidated $500,000 worth of SHIB in May 2021 and kept the remainder of the tokens. The investor sold the rest for over $1 million in October of the same year when SHIB hit its all-time high of $0.00008616.

Also Read: Shiba Inu: See What 10M, 100M SHIB Could Earn at $0.0009 or $0.009 Prices.
The third example is that of two brothers from New York. The siblings lost their jobs during the COVID-19 lockdowns in 2020. The brothers decided to invest $7,900 in Shiba Inu (SHIB) and cashed out a whopping $9 million in May 2021. Their initial investment grew by over 113,824% in just a few months.
These examples have skyrocketed Shiba Inu’s (SHIB) popularity among new investors who want to make it big in crypto. However, the asset’s price has significantly dropped since its 2021 highs. Nonetheless, people are still attracted to the project in hopes of a 2021-like rally.