Solana nCMO Kash Dhanda Recalled it as a Revenue Chain Amid SOL Price Dips

16-Sep-2025

Solana nCMO Kash Dhanda Recalled it as a Revenue Chain Amid SOL Price Dips

  • Kash Dhanda called Solana a revenue chain based on network revenue, app revenue, and growth of businesses.
  • SOL price dipped by 0.47% in the last 24 hours, and was last seen at $235.40.
  • Sentiments are bullish around the future of SOL price.

Kash Dhanda, nCMO of Solana, called the system a revenue chain. Kash added that members may be obligated to be giga bullish on Solana based on its performance. The statement comes at a time when SOL price is slightly down over the last 24 hours. Nevertheless, future predictions are optimistic for the Solana token.

Solana a Revenue Chain, Said Kash Dhanda

The nCMO of Solana, Kash Dhanda, called Solana a revenue chain. Kash based this statement on three justifications pertaining to network revenue, application revenue, and the growth of businesses built on Solana. He noted that Solana generated more revenue than any other chain in the industry. Similarly, Solana-based applications and businesses recorded growth higher than other players in the industry.

Kash said that the community was obligated to be giga bullish on Solana. This was based on the assumption that they believed TradFi would bring the next phase of growth. The sentiment is reportedly backed by Dan Morehead, the Founder of Pantera. Dan, in a recent interview, acknowledged that Solana had the capacity to do more daily transactions than all the capital markets combined.

The Solana community pitched in to agree with Kash. Some said that Solana was speaking the loudest based on revenue. Another user said that the dominance of Solana in terms of revenue validated the maturity of the ecosystem.

SOL Price Movement

SOL price plummeted by 0.47% in the last 24 hours, taking the token to $235.40. However, it further reflected that the 6th largest cryptocurrency in terms of market cap recorded a surge of 8.41% in a week. The trading volume is down by 26.28% to reflect a value of $7.56 billion.

Source: CoinMarketCap

Interestingly, SOL’s ATH of $294.33 was recorded on January 19, 2025, and an ATL of $0.502 was noted on May 12, 2020. SOL is down by around 19.96% from its ATH but is up by approximately 46534.21% from its ATL.

What’s Next for SOL Price?

SOL is expected to break ATH in the days to come. The short-term SOL price prediction estimates a growth of 2.70% from its current value in the next 1 month. This would take the SOL price to around $242.99. SOL volatility is 8.21%, slightly on the higher side, with the 14-Day RSI of 63.86 points. The majority of the Oscillators are signalling a neutral sentiment, which is also evident from the FGI of 52 points.

The 50-Day SMA and 200-Day SMA are $194.14 and $163.23, respectively. A key resistance level is $296.40, and the crucial support level is $110.94.

It is important to note that the contents of this article are not recommendations or advice for crypto trading and investment.

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