Solana Eyes 17x Jump Amid Social Engagements Going Through the Roof to Hit 174 Million

As a leading blockchain platform offering scalability, low costs, innovation, and speed, Solana (SOL) might be eyeing a parabolic run that could see its four-digit price register.

According to popular market analyst Ali Martinez, SOL is eyeing a breakout from a cup and handle pattern, which could see it soar to the $3,050 price zone.

Source: Ali Martinez

This move could see Solana witness a 17x climb from its present price of $172

Renowned as one of the fastest blockchains in the world due to its capability of handling more than 65,000 transactions per second (TPS), Solana utilizes a unique consensus mechanism called proof of history (PoH)

The PoH framework enables high speed through a cryptographic clock and a verifiable delay function (VDF), significantly reducing the need for extensive node communication.

Solana’s Social Engagements Escalate

Solana continues to witness heightened speculation, optimism, and interest from investors and the broader crypto community thanks to skyrocketing social engagements.

Market analyst Crypto King pointed out, “SOL engagements surge to 174 million – 109% higher than Ethereum and a massive 1350% more than XRP.”

Source: Crypto King

Elevated social engagements can be a reflection of bullish market sentiment or hype-driven volatility, meaning that caution should not be thrown to the wind.

Meanwhile, Solana recently got a boost after digital asset wallet MetaMask revealed it would add support for SOL.

This move will increase user exposure to digital assets by ramping up interoperability between multiple networks, marking a significant shift beyond Ethereum Virtual Machine (EVM) compatible networks.