Solana price prediction for December 2024: Buy, sell or hold SOL this month?

Solana has caused significant turmoil in the cryptocurrency market as its price reached an all-time high of $265 on November 23, 2024. The main forces behind this rise in Bitcoin price towards the $100,000 mark and the increasing enthusiasm for meme currencies have changed the dynamics. Right now, Solana is trading at $241; Over 24 hours, this shows growth of 4.42%. However, one wonders whether one should buy, sell or hold Solana this December, considering that a large part of the crypto market still revolves around the rise of Bitcoin. Solana shows solid expectations, but investors should also pay attention to new opportunities with better short-term returns.

Solana’s outstanding DEX activity and market position

With daily trading volume on its decentralized exchanges (DEXs) exceeding $6 billion, Solana has firmly established itself in the distributed finance (DeFi) ecosystem and commands a 45% market share. This notable activity confirms Solana’s status as a major competitor to Ethereum and other major platforms such as Polygon and Binance Coin (BNB). The record-breaking transfer volume of $318 billion shows how important low transaction costs and high throughput were to this success. This has caught the attention of analysts who predict a continued increase in Solana’s DeFi market share. Solana’s Total Value Locked (TVL) is currently $9.35 billion, higher than BNB Chain’s $6.21 billion. Still, the coin is encountering resistance levels that could hamper future progress. While a breakout above these levels could push Solana into uncharted territory, analysts warn that the Relative Strength Index (RSI) suggests the coin may be approaching overbought conditions. Key resistance points lie at $271 and $309. There could be a period of possible stabilization before the next rise.

Although Solana’s current performance is impressive, market risks still remain. The coin is at a crossroads, its price is almost reaching critical resistance levels that would guide its future actions. Should Solana be able to exceed these tiers, it could benefit from more benefits, but price adjustment is also possible. The market is still unpredictable; Therefore, overbought conditions could lead to temporary declines. Regardless, experts have high expectations for Solana’s general trajectory; They forecast an increase of 8.70% by December 25, 2024. For Solana holders, the next few months could offer significant upside potential; However, investors should exercise caution regarding possible market corrections and consolidations. If you are looking for a high-growth prospect, you should consider other investments with greater development opportunities.

Click here to pre-purchase Rexas Finance (RXS).

Rexas Finance (RXS): An Attractive Replacement?

Solana shows potential for meager gains in December, but analysts believe Rexas Finance could offer bigger gains. Rexas Finance launched in September 2024 and has already seen a staggering 233% increase in the token price. Analysts predict further developments. Rexas Finance stands out because it offers a novel platform that allows users to tokenize everything from real estate to intellectual property, with a focus on the actual tokenization of assets. It is preferred by investors seeking long-term value due to its emphasis on practical use cases. Rexas Finance’s pre-sale journey was amazing, going through eight phases without any venture capital participation. It is in Phase 8 and is 88.29% complete at the time of writing. With a current token price of $0.10 and a total of more than $17 million, the platform has great development opportunities. With over 320,000 entries so far, Rexas Finance’s $1 million RXS token giveaway has also attracted a lot of attention, increasing the price of the native RXS token and thus generating interest.

Rexas Finance What particularly appeals to me is the fact that the focus is on the tokenization of real assets – a sector with untapped potential for exponential development. Rexas Finance is ready for its first bull run after recently listing on CoinMarketCap and CoinGecko and completing its Certik audit. For investors looking for a more aggressive investment option, Rexas Finance offers a significant plus over Solana’s more conservative forecast.

If you invest $100 in Solana at the current price of $241, you can expect a return of over $8.70 by the end of December 2024, depending on the forecast profit of 8.70%. Given the great development opportunities, purchasing $100 worth of Rexas Finance at $0.10 could yield a return of over 80%, or $180 by December.

Diploma

Although Solana is still a strong competitor in the Bitcoin space, companies like Rexas Finance promise greater profits due to their ability to conquer unexplored markets. Rexas Finance’s creative approach to tokenizing assets, along with its outstanding presale success and massive giveaway initiative, make it a more attractive investment for those looking to capitalize on the explosive growth in the next few months as Solana faces resistance levels and a possible consolidation. Rexas Finance could be the more profitable choice if you are thinking about investing in December.

For more information about Rexas Finance (RXS), please visit the following links:

Website: https://rexas.com

Win a $1 Million Gift: https://bit.ly/Rexas1M

White paper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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