Solana (SOL) has had an incredible few years. The asset took a significant beating in November 2022 after the collapse of the FTX cryptocurrency exchange. FTX founder Sam Bankman-Fried (SBF) was a major SOL investor. As a result of the exchange’s collapse, SOL’s price nosedived, falling even below $10.
Since its November 2022 lows, SOL’s price has recovered substantially. The asset was one of the best-performing cryptocurrencies in 2023. SOL has since risen beyond $200, hitting $202 in April of this year. SOL’s incredible performance over the last two years is a testament to its robust network and growing user base.
$100 Weekly in SOL Since the FTX Collapse: How Much Is It Worth?
Source: CNN
If you had invested $100 in Solana (SOL) since the FTX collapse, you would have invested $9200 to date.
Source: CryptoDCA
However, your portfolio’s value would have risen by 372.8% to $43,501, and your investment would have grown by more than four times.
Also Read: Solana Continues Fall to $143: Why Traders Still Expect SOL to Surge 12%
How High Can the Asset Go in 2024?
Solana (SOL) is an incredibly popular cryptocurrency with an ever-growing user base. The SOL network also stiffly competes with the Ethereum network regarding speed and fees. The SOL network has registered faster and lower transaction speeds than the ETH network, making it an attractive space for new projects.
Source: Telegaon
Also Read: Solana: How Bitcoin & Ethereum Can Carry SOL to $250 This Year
According to Telegaon analysts, SOL could surge to a maximum price of $305.16 in 2024. Reaching $305.16 from current price levels would translate to a rally of nearly 108%.
Reaching this price level would also mean a new all-time high for the cryptocurrency. SOL is currently down by 43.6% from its previous peak of $259.9, which it attained in November 2021.