Does solana network ready for huge demand?
What you think of solana price ? Does solana are high supply or limited supply coin compared others ?
So i think we see 7000$ price because supply and demand but even that much gain it's not life Changing gain so that's why i don't try to get rich with alt coins neither with btc but it's nice to some gains.
But now the sol is hot specially when other coins are sleeping what's the solana price targets ?
Are you fan of solana ? Im big fan of solana i think it's the best chain i want to invest more into.
$7k that is too huge in my opinion, all time high is $260. So let's say it goes 10x, so that's around $2600 only. Yes, I know that it is hot, but not sure how can it get to $7000 unless there is some whales going to pour their money in the market, and when he sees that price, sell and get out.
So it's better to put a conservative estimate around $3,000, at least you will not be frustrated if it doesn't goes to the price that you are expecting. I have nothing against Solana, it's a great project, but still remains to be seen as there are a lot of competitions.
That guy does not understand tokenomics and the circulating supply. Solana has inflation also. At current supply levels it would have a market cap of over $3 trillion @ $7,000 per SOL. 10 years from now the Solana supply will be around 725 million SOL. SOL @ $7,000 would equal a market cap of over $5 trillion. If the dollar completely hyperfinflates then sure, SOL could reach that price. But so will a lot of cryptocurrencies. I see BNB @ $7,000 before SOL.