Analysis of Meme Coins on the SOL Chain:
After the previous round of hype and some stories of getting rich, the sentiment around Meme coins on the SOL chain has peaked. We are now entering a cooling period, and many coins have already experienced significant downward adjustments.
However, I believe that now is a good time to gradually buy in, especially for those popular coins with long-term narratives and potential tracks. During this adjustment period, it is a perfect opportunity to enter at lower prices.
Prospects for SOL:
Currently, the price of SOL is approaching its historical high, and it could become the first large-cap public chain to break its historical high in the last bull market. This is a positive signal for SOL's long-term prospects, and it may continue to strengthen in the future.
Situation of ETH:
On the other hand, $ETH is still $1500 away from its historical high and needs over a 40% increase to break the current high point. So, if you are optimistic about Ethereum's long-term development, you might also consider positioning at lower levels now.
