How high can Sol go in this bull market?
From the second half of 2023 to now, Sol has risen 30 times. Regardless of whether Bitcoin is strong or not, Sol has been hovering around $170. At present, it may be a matter of time before it breaks through the new high.
Many of the coins that have gone viral in the past two months are from the Sol ecosystem, such as JUP, Front, Bome, etc.
Why is Sol so strong this time?
First of all, Sol's founding team are all Americans, and the founder of Ethereum is from Russia. In fact, the main purpose is to compete with Ethereum. Bitcoin is a belief and a consensus, and the current ecosystem is just starting.
Ethereum is the best public chain. If American capital wants to harvest the world, it must create a chain that can compete with Ethereum, which is Solana. Therefore, Solana's breakthrough of the previous high is inevitable. Maybe in the next bull market, its price may be close to Ethereum. Of course, it is impossible to kill Ethereum at this stage.
Mengge thinks that since Solana is the biggest competitor of Ethereum, the price of the currency will not be weak. This round of bull market may reach 300-500 US dollars, and the next round may exceed 1,000 US dollars. Just like Ethereum in 2019, there is still room for dozens of times from the low to the current level.
