How did Solana (SOL) rise to the 4th position in terms of capitalization?
-In July 2024, Solana once again defeated BNB - the darling of Binance to become the 4th largest crypto coin in the market. Solana also surpassed BNB in terms of TVL, revenue, transaction fees, number of transactions...
-Not only that, Solana also surpassed Ethereum in terms of revenue at the end of July 2024, and also surpassed Ethereum in terms of Google searches for most of the time from July 2023 to present
-The main factors contributing to Solana's success are providing DeFi products that are suitable for the market, having an airdrop strategy, developing suitable memecoins as well as being supported by many traditional financial institutions.
-Currently Sol meme systems are elite with coins approaching bottom
-Can consider dropping some to DCA to catch the bottom of some coins that have hit bottom
