Solana Price Prediction Targets $100 on NFT Surge

Solana price prediction targets $100 as SOL trades at $86.37 after a 3% 24-hour dip on October 10, 2024, per CoinGecko. NFT secondary volumes on Magic Eden hold at 14,200 SOL ($1.22M USD). Alternative.me's Fear & Greed Index hits 26. XRP leads market cap at $88.4B versus Solana's $49.7B.

Bitcoin drops 1.8% to $75,873 ($1.5185T cap). Ethereum falls 3% to $2,358.19 ($284.6B cap). XRP slides 3.1% to $1.44. Solana NFTs stand out with low-fee mainnet activity.

Solana Market Snapshot

CoinGecko lists Solana at $86.37 USD on October 10, 2024, excluding Ethereum pairs. The 3% 24-hour decline yields a $49.7B market cap, ranking seventh.

Alternative.me's Fear & Greed Index at 26 signals extreme fear. Support sits at $80; resistance looms above $90 on Solana mainnet charts.

XRP holds $88.4B cap after a 3.1% drop to $1.44, boosted by MiCA regulatory clarity.

• Token: BTC · Price (USD): 75,873 · 24h Change: -1.8% · Market Cap (B USD): 1,518.5
• Token: ETH · Price (USD): 2,358.19 · 24h Change: -3.0% · Market Cap (B USD): 284.6
• Token: XRP · Price (USD): 1.44 · 24h Change: -3.1% · Market Cap (B USD): 88.4
• Token: SOL · Price (USD): 86.37 · 24h Change: -3.0% · Market Cap (B USD): 49.7

Institutions prefer XRP's stability over Solana's swings.

Solana NFT Volumes Defy Dip

Magic Eden logs 14,200 SOL ($1.22M USD) in 24-hour secondary NFT volume on Solana mainnet (October 10, 2024). This beats Ethereum hampered by high gas fees.

Solana Layer 1 reaches 65,000 TPS peaks, per Solana Beach explorer. Blue-chip Mad Lads (contract: 4gq4ia7hLi7ijWdS1oexrK2BTy6xGHTsJqXcK8mLad) floor price holds at 45 SOL on Magic Eden listings.

Reservoir.tools data confirms stable holder counts on Solana chain post-dip.

DeFiLlama reports $5.2B TVL on Solana (October 10, 2024). On-chain royalties enforce 5-10% creator splits through smart contracts.

NFT Momentum Drives Bull Case

Pump.fun powers 10,000+ unique wallet mints daily, per Dune Analytics dashboard. Fixed-price listings on Magic Eden claim 70% of volume, outpacing Dutch auctions.

Ethereum NFT activity stalls amid 50+ gwei gas peaks. Solana's holder base expands 2% week-over-week, according to Nansen scans. Volumes challenge Fear & Greed signals.

XRP trails in NFT ecosystem depth. Solana's Web3 composability targets $90 resistance.

XRP's Market Cap Edge

XRP's $88.4B cap draws from RippleNet utility and EU MiCA compliance, per Ripple's quarterly report. Its 3.1% dip to $1.44 mirrors altcoin moves.

Institutions back XRP's predictability. Solana pushes forward via NFT and DeFi innovation.

Bitcoin's $1.5185T dominance limits altcoin rallies.

Solana Price Prediction: Path to $100

Doubling NFT volumes could shatter $90 resistance. Fear & Greed above 50 has fueled 2024 rallies to $150 peaks. Ethereum spot ETF inflows lift alts, per Bloomberg ETF tracker.

Mad Lads holders accumulate 15% on-chain. Solana's 65,000 TPS enables DeFi and NFT scale. BTC above $75,000 supports recovery.

Q1 2024 NFT surges drove SOL 40% gains, mirroring current patterns.

Bear Case Headwinds

Breaching $80 support eyes $70. XRP's cap lead grows in risk-off mode. BTC under $75,000 pulls alts down 20%.

Solana congestion spiked fees to 0.01 SOL per transaction. NFT royalty regulations pose added risks.

Fear & Greed at 26 warns of capitulation.

Key Catalysts Ahead

Tensor protocol launches new NFTs on Solana. Gaming PFP collections lift floors. Helium L2 integrations slash fees.

XRP banking deals speed up. Solana price prediction to $100 depends on NFT momentum outpacing XRP stability, backed by on-chain metrics from CoinGecko, Magic Eden, and Reservoir.tools.