🔶 $SOL has experienced a remarkable 20x increase this cycle, with some predicting it could hit $600 to $1,000 soon.
🔶 While some believe the rally is slowing, data suggests SOL and Solana memes could still see another surge this cycle. Here’s why:
Solana’s Journey
🔶 SOL dropped from $200 to $8 during FUD but rebounded near its all-time high, proving its resilience.
SOL/ETH Chart Update
🔶 The SOL/ETH pair has broken resistance on the weekly chart, signaling potential for major growth.
Meme Coins & Liquidity
🔶 Meme coins are fueling the 2024 cycle, attracting retail traders and boosting trading volume 66-fold.
Revenue & Endorsements
🔶 On July 29, Solana's revenue surpassed ETH and other L2s. Celebrity endorsements from Andrew Tate and Iggy Azalea are drawing new users.
The Bullish Case for SOL ETF
🔶 With SOL ETF speculation growing, recent applications could further boost its value.
🔶 Despite criticisms, I believe SOL could realistically hit $1,000.
