2020 ETH Fractal Says SOL Could Hit $1,000
Cryptocurrency trader and technical analyst Kaleo believes SOL's current fractal reflects Ether's momentum ahead of its 245% surge above its previous all-time high in 2021, suggesting SOL could reach $1,000 in 2025.
While there is no harm in setting exceptionally bullish targets, short-term on-chain metrics for the Solana network indicate declining activity, hardly a sign that typically precedes a bull run. Furthermore, if SOL were to trade at $1,000, it would imply a market cap of over $500 billion, a level that Ether held for less than 40 days during the peak of the cycle in late 2021. For context, only 18 global companies listed They currently have valuations in excess of $500 billion, making this scenario seem unlikely even for extremely profitable brands like Costco, Procter & Gamble, and Bank of America. From a fundamental analysis point of view, SOL trading at $1,000 seems highly unlikely. However, this does not rule out the possibility of SOL reaching $300, which would represent a 104% gain from its current level of $147.$SOL
