Solana (SOL) price soars by 650% this year, analysts predict even higher gains in the future

2023/12/16 14:39

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According to CryptoPotato, the price of Solana's cryptocurrency SOL has surged from around $10 at the beginning of 2023 to about $78, a 650% increase. Analysts believe that SOL still has room for further growth. Well-known crypto analysts Ali and Deftsuo predict on Twitter that based on current market trends and technical analysis, SOL is expected to rise to $90 or even surpass $100. Some experts have more aggressive predictions, with Crypto King forecasting that SOL could reach $300 and Canfield suggesting it may rise to $1000. Canfield also advises investors to diversify their investments between Ethereum and Solana.

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According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.

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