Why has $SOL been so strong recently? Is it a good time to enter now?
Solana has been performing very strongly lately, with its price breaking through historical highs and its market capitalization exceeding $120 billion, making it the second public chain after Ethereum to surpass a $100 billion market cap.
The recent strong performance of SOL is mainly due to its capture of the recent MEME coin craze.
The market demand for MEME coins has also indirectly boosted the demand for SOL, leading to its price increase.
Overall, I believe that the current market pullback is a good opportunity to enter SOL. Additionally, if you want to participate in first-tier market projects, you will also need to use SOL for exchanges.
I will occasionally share more market suggestions and strategies in the chat room.
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