Alpenglow Upgrade May Send Solana Soaring Past $150

Solana's price has retreated slightly after reaching $120, which was a previous target for the cryptocurrency. The market is taking a breather following last month's strong rally, but trading volumes remain high at $3.7 billion, accounting for 5.6% of Solana's circulating market cap.

The Alpenglow upgrade, currently in the testnet phase, could be the catalyst that drives Solana's price up to $150. The upgrade aims to expedite transaction settlement speeds from around 12 seconds to less than 100ms, making Solana nearly as fast as the internet.

App fees on the Solana blockchain have been steadily rising for three months in a row, indicating increased network usage and strengthening SOL's fundamentals.