Some friends asked, SOL has also performed very strongly, how much can it rise in this round of bull market?
I think in this bull market, SOL could rise to 800-1000 USD.
Solana's recent performance has been very strong, its price has broken historical highs, and its market value has exceeded 120 billion USD, becoming the second public chain after Ethereum with a market value over 100 billion USD.
With SOL leading the way, projects in its ecosystem have also experienced a surge. Staking protocol JTO and DEX protocol RAY are also rising.
So what has Solana done right?
I think the recent strong performance of SOL is mainly because it has captured the wave of MEME coins.
In this bull market, everyone says that not playing with Memes on Solana is like not participating in DeFi in the last cycle.
This wave of Memes is happening on Solana, bringing a wealth effect and new MEME coin projects.
The market's demand for MEME coins has also indirectly driven the demand for SOL, leading to its price increase.
The success of SOL is mainly because they not only understand what the users' needs are, but they can also launch products that match those needs. For example, PumpFun and Moonshot.
It has also created an ecosystem that satisfies market greed through memes.
In this bull market, retail investors are not concerned about infrastructure; they care about which project can rise.
Solana allows retail investors to potentially become millionaires by spending just 100 USD on some meme tokens.
This story satisfies the FOMO needs of thousands of new users, and then this cycle will repeat. Solana has captured this cycle very well.
Since September this year, the priority transaction fee for SOL has risen from 3000 to 55000, soaring 15 times, indicating that the market is very enthusiastic about MEME coins on the SOL chain.
