Quote from: electronicash on Today at 07:51:34 PM

Quote from: Kelward on Today at 05:41:55 PM

Quote from: BitMaxz on December 20, 2023, 06:03:36 PM

Like the above said it's due to new events and projects. Not just that, the upcoming Bitcoin event called block halving is also contributing to why Solana has increased its price for almost 2/3 months now.

But that's not the final price this year just my guess it would reach around $112 before the end of this month and it would drop slowly before the end of January.

A good news for Solana investors, months back it wasn't celebrated like this, I hear it's pump is due to recent events of their team innovations and partnership. Again Bitcoin halving and bull run impacts many top altcoins too, because investors will be willing to also pump money into them.

Better a top altcoin like Solana, that we're sure that it'll pump back after it's bearish season than a new project that we're not certain whether it'll turn to shitcoin.

investors who are late in getting into Sol are already regretting not buying this token while it's below $50. i kinda of see it that way already as some investors speculate that it will touch $1000 after BTC halves. while halving hasn't yet arrived, people are thinking this next bull run is the supercycle they were waiting for back in 2021 and it's happening this 2024 because of another factor which is the spot ETF.

Its connection with FTX and Alameda gives it such a bad reputation that its price dropped to below 20$. That time, I hesitate to buy sol but i think that was a mistake. I should have taken the risk to add some sol to my portfolio. It doesn't matter right now but crossing 1000$ will make it overvalued. The current sol rally came from its airdrop hype and smart phone release, and as long as airdrop farmers get new projects to speculate about, they will leave sol. It can cause a correction but i don't think sol will go below 40$ any more.