Almost Every Expert is Bullish on Solana (SOL)—Here’s Exactly Why ⋆ ZyCrypto

Solana (SOL) is one of the most talked about Altcoins in the cryptocurrency ecosystem and for good reason; SOL outperformed in August and has continued on an upward trajectory this September.

Almost every notable crypto investor, analytical firm, and market analyst has shared a bullish take on SOL, and the most prominent voices are all pointing out the same thing: SOL is headed for a long-term rally.

‪Leading on-chain analytics platform Glassnode reports that Solana open interest has surged past $7 billion following SOLs price rally above the $200 price mark. The new development hints at a massive expansion in market participation in recent times.

Solanas revenue has also notably emerged as the highest, according to a new market report. Data from Blockworks Research also revealed that Solana has generated $1.25 billion in Year-to-date revenue—nearly 2.5x more than Ethereum, further suggesting an increase in demand for blockspace.

Solana (SOL) price predictions are increasingly bullish

From a technical angle, the price outlook is just as bullish, as prominent market analyst Lark Davis observed that SOL is making yet another attempt to break out of its 2021 all-time high of $260.

While the asset is significantly below this price level, Larks technical target is $255. The analyst is looking to DATs and ETF approvals as potential catalysts for the much-needed price rally to never-before-seen levels.

Meanwhile, pseudonymous analyst Dan Crypto gave a detailed overview of SOL‘s current state, highlighting the asset’s slow but consistent attempt at a recovery.

Although the asset has been trading upwards, the analyst expects SOL to imitate BTC and ETH in terms of downward momentum.

SOL, up 6.57% from the last 7 days, is trading at $239 per token.