Solana has been slowly gaining ground and the project has witnessed higher usage. The higher usage among developers and dApps has led to re-rating for Solana and this could indicate a long term trend in improving the future of the whole network. Solana's recent upswing has crypto experts buzzing with predictions of an impending all-time high, marking a significant reversal for the asset. With a solid 2.6% surge in the past day, Solana now sits comfortably above $142, gathering momentum for a potential rally. This uptick comes as a breath of fresh air after a 30-day decline streak, which followed the meme coin craze that shook the industry in March.

2024 has been a rollercoaster for Solana, with meme coin surges shaking up the network's dynamics. Newcomers like Dogwifhat (WIF) left their mark, propelling Solana to surpass Ethereum in DEX volume. Despite this initial excitement, SOL faced a downturn since March, attributed to broader market trends. But recent performance hints at a turnaround.

Tristan Frizza, founder of Zeta Markets, predicts Solana smashing its previous high of $260, citing its resilient ecosystem and ongoing network enhancements. Franklin Templeton, a heavyweight asset manager, shares the optimism, forecasting Solana's rise to the top 3 cryptocurrencies. If these projections hold, Solana's journey to a new peak in 2024 seems inevitable.