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🤔Someone in the group just asked me about Solana. I don't hold it right now, not because I think SOL no longer has growth potential, but because the price has increased by 10x from the 20u bottom in 2023.
👉My principle is not to invest, or only allocate small amounts of capital to projects that have multiplied by 10 times according to the USDT exchange rate.
However, I have collected quite a lot of Solana tokens, so I still closely monitor the SOL price and statistics to have an overview. Those who have followed me recently probably know that I am collecting.$BOME , $W , JUP and next time will be TNSR.
💥Below is my review and prediction of SOL peak price, please read carefully!
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SOL'S PASSIVE
👉I think SOL and the SOL system will not be weak this season.
Statistics over the past year show that SOL is consistently ranked in the top 3 Layer1 blockchains in ALL important metrics, such as Average Daily Active Addresses, Average Daily Transactions, TVL, DEX Trading Volume, Network Revenue, etc. Currently, SOL can be ranked alongside Ethereum, BNB or TRON, and is superior to SUI, APT, NEAR and TON.
🤔In fact, I was also very surprised by the strong comeback of SOL after the collapse of FTX and Alameda fund. It could also be because the FUD was too big, all retailers gave up, creating conditions for other MMs to join in collecting goods and driving prices.
In particular, I see that the SOL system has built its own "culture", creating a great level of loyalty for both users and dapp developers. At the end of 2023, many other hst projects decided to move to Solana, along with large and green airdrops, completely different from the small airdrop situation of ZK or ZRO. ^ ^
👉In short, at least in this cycle, you don't need to worry too much about the development potential of SOL and the entire Solana ecosystem. The SOL ETF fund being rejected by the SEC is not a big deal, it was inherently impossible from the beginning.
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SOL PRICE FORECAST
I predict SOL price based on SOL/BTC rate and market cap.
💵We all expect Bitcoin to hit at least $100,000 in this cycle. When BTC peaks, the SOL price is calculated as follows:
👉Currently, the SOL/BTC exchange rate is at 0.0023. In case this exchange rate recovers to the peak of 0.004 of the previous cycle, SOL will cost: 0.004 x 100,000 = 400 USD. => Corresponding to a capitalization of about 180 million USD.
That means SOL will increase about 3 times from its current price. A peak capitalization of 180 million USD is not too "illusory" when the market explodes.
🤔However, I invest in altcoins not for the x3 goal, but expect higher milestones. This is also the reason why I currently choose NOT to invest directly in SOL, but collect hot tokens of the SOL system.
What do you guys think? According to you, is the peak of 400u with SOL considered virtual? Or if you are collecting any coins in the SOL system, please comment and discuss with everyone😎😎
