Some friends asked, SOL is performing very strongly, how much can it rise in this bull market?

I believe that in this bull market, SOL could potentially rise to $800-1000.

Solana's recent performance has been very strong, its price has broken through historical highs, and its market capitalization has exceeded $120 billion, becoming the second public chain after Ethereum to surpass $100 billion in market value.

With the momentum of SOL, projects within its ecosystem have also seen a surge. Staking protocol JTO and DEX protocol RAY have both risen alongside it.

So what has Solana done right?

I think SOL's strong performance recently is mainly because it has seized the wave of MEME coins.

In this bull market, everyone says that not participating in memes on Solana is like not engaging in DeFi during the last cycle.

This wave of memes is taking place on Solana, bringing a significant wealth effect and new MEME coin projects.

The market's demand for MEME coins has also indirectly boosted the demand for SOL, leading to its price increase.

The success of SOL is mainly because they not only understand what users need but also can launch products that match those needs, such as PumpFun and Moonshot.

It has also created an ecosystem that satisfies market greed through memes.

Retail investors in this bull market are not concerned about infrastructure; they care about which projects can rise.

Solana allows retail investors to potentially become millionaires by spending just $100 to buy some meme tokens.

This story satisfies the FOMO needs of thousands of new users, and then this cycle will repeat. Solana has effectively captured this cycle.

Since September of this year, the priority trading fee for SOL has risen from 3000 to 55000, an increase of 15 times, indicating that the market is very enthusiastic about MEME coins on the SOL chain.