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

Published 09/09/2021, 07:00 AM
Updated 09/10/2021, 09:20 AM
Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’

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

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SOL will be top 3 Coin i Market in Future Suddenly
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