Solana ($SOL ) is forecasted to reach $400 by November 2024, driven by a surge in memecoins related to the US election campaign. This prediction comes from Merkle Tree Capital's CIO, Ryan McMillin.
📝 According to McMillin, assets like Jeo Boden ($BODEN) and Doland Tremp ($TREMP) have propelled Solana past Ethereum in trading volume. He expects this momentum to persist in the upcoming months.
⬆️ The rise in meme token prices has coincided with increased cryptocurrency support from presidential candidate Donald Trump, further boosting the market.