Solana network daily activity surges to 3 million in September, analysts believe SOL will rise to $160-180 in October

Odaily News Ryan Lee, chief analyst at Bitget Research, said that given the current market sentiment, increased activity and continued development of the Solana ecosystem, as well as important partnerships, he expects Solana to be more bullish than bearish in October, and may rise to a price range of $160 to $180. Lee said that Solana's $110 support level has shown robustness during market downturns, including the liquidation event in early August. He also emphasized that Solana has been at the top of the recovery phase of high-market-cap tokens. In addition, Meme coins in the Solana ecosystem have also shown strong growth and have been one of the strongest tracks during the rebound. According to Onchain data, Solana's daily active addresses increased significantly in September. Tristan Frizza, founder of Zeta Markets, said that Solana now has an average of more than 3 million daily users, compared with less than 1 million in previous months. This increase in activity is likely driven by a combination of overall interest in Solana, trends like meme coins, and involvement from celebrities and creators like Iggy Azalea, which are attracting retail interest in the ecosystem. (The Block)