Could SOL Experience an Astronomical Riseđđ?
#Solana-SOL #TradeNTell #Write2Earn:
Solanaâs native token â SOL â has charted massive gains in the past several months, capturing much of the investorsâ attention. Last week, it surpassed $60, a valuation last seen in May 2022, triggering additional enthusiasm across the community and infusing hopes that a further rally could be around the corner.Â
One cryptocurrency trader who believes this is the case is the X (Twitter) user Jacob Canfield. He thinks SOL could continue trending against Ethereum (ETH) and emerge as âthe biggest winnerâ in the next cryptoâs bull run cycle.
Moreover, Canfield predicted that Solanaâs coin would triple or quadruple its all-time high market dominance and become the second-biggest cryptocurrency by market capitalization, reaching a price of whopping $1,000. He also reminded that the blockchain platform could benefit from its existing partnerships with giants like Google and Amazon.Â
Subsequently, Canfield claimed that people should diversify to have a better chance of success, recommending investing in both ETH and SOL: