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.

The pair’s ability to sustain bearish pressure underscored investors’ growing interest in Solana’s blockchain as an emerging rival to Ethereum, a public ledger currently…


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