Rise of Solana and My Expectations.
Solana is most enlightened, best emerged and most efficient crypto project of the year so far due to its unique features and aspects. It's cruising Blockchain and Lowest transaction fee made it talk of the crypto town. The attractiveness index for Solana is on peaks with significance.
Solana crosses $200 bunch mark twice in the year with 1K% + within a half year. The price surge with a huge visibility ensuring it's credibility and user's confidence over it. Each crypto user ,despite of loyalty to any coin, always keeps eyes on multiple choices and navigate through the ecosystem , trigonometry of transactions and core features of Blockchain before investment.
What I advised to everyone who just jumped in that you all must follow some points to keep your investment secured and insured. Like ,
Monitor Blockchain Data.
Blockchain Data gives you clear picture of the traffic on it . Transaction's volume, user's numbers, transaction count, bridging between Blockchain and holding wallet's movement. These things will give you a gap of movement and to sell your product on right time.
Stacking.
Solana offers stacking facility for passive income. The volume of Total SOL stacked climbs higher in bearish times and goes down in Bull time. So watch stacking volume closely.
In chain innovation.
Keep an eye for all development in chain innovation. What's going on , what coming next , what event coming up , what new inventions developing and what new features going to add in Blockchain.
On chain P2E & R&W2E .
Solana is famous for providing Blockchain service for play2 earn and read , write to earn like Bulb. So looking deeper on chain development about such things are important too .
Activity & campaign.
Core team announced lot of activities and marketing campaigns time to time on different forums like telegram, Instagram and Twitter (X) . By following these official sites we can stay up to date about these activities.
My expectations.
I am optimistic with lot of confidence that current Bull run will give Solana a new ATH $300+ in March and $580 in April of this year. SOL will cross BNB in MC and ranking to take 4th place in ranking. SOL currently holding $78 billion while BNB has $84 billion Market Capitalization and if SOL Cross $300 mark it will be blissful as SOL will reach on 4th ranking.
The $300 mark is quite possible by dual factors. If RNDR (Render) and KANG ( kangMoon) get trigger which is seemingly going to and if three core factors perform well.
Solend ( SLND) which is a lending protocol to support in extra liquidity.
ORCA to support financial pressure and
LIFINTY to bring outstanding revolution in NFTs minting and marketing.
Possiblity by May 2024 price of SOL may touch to $580 which is in list of expectations. Why because untill bullish index is on skyrocket side.
Although crypto market in parallel lines but we can't ignore it's nature of uncertainty, viotality and risky. We should be live with open eyes more in current Bull time because fluctuations can happen by any solid reason any time.
Note: I am not a financial advisor so DYOR before investing in SOL or any coin related to this article.
That's all for today. Like , upvote and leave comment for feedback. Thanks for your time till here.
Cheers,
Amjad