SOLANA TO HIT $200 NEXT WEEK READ WHY
SOL Solana reached its highest price in a month on Friday, beating most crypto companies.
According to the co-founder of Syncracy Capital, the token is "still the best deal in this cycle" and could reach $200 by next weekend.
SOL hit $170 on Friday, its highest price in more than a month, and recently fell slightly to $166. It has gained nearly 7% in the past 24 hours and is now up more than 40% from the local Crypto market bottom in early May,
"The strength of $SOL has been incredible during this rebound," Daniel Cheung, co-founder of digital asset hedge fund Syncracy Capital, said in an X post. "It's pretty clear that this is still the best trade in this cycle."
Cheung said he was increasingly "confident" that SOL could regain the $200 level by the end of the month and hit new record highs "soon."
SOL hit its all-time high of $260 in November 2021, at the peak of the previous bull cycle.
