- Independent analyst Hansolar predicts Solana’s price could reach $600 citing similarities to Ethereum’s 2020-2021 surge.
- Total-value-locked (TVL) crosses $4.21 Billion and with rise in daily SOL transactions.
- Solana breaks the $200 primary target supported by a bullish continuation pattern on its daily chart.
Amidst Bitcoin’s ongoing cryptocurrency market boom Solana (SOL) has climbed to $204 with a staggering 2000% growth from $9 at the beginning of 2023. An independent analyst with the X handle Hansolar speculated that Solana could repeat the great ETH surge of 2020-2021 bull market.
When SOL takeoff?✦ SOL
Assuming SOL is the new ETH this cycle, I think SOL really takes off later than BTC and ETH.
Previously ETH took off when BTC actually broke out into ATHs.
It's then when retail buys into SOL as the high beta catch up play.
Currently SOL is at around… pic.twitter.com/mwyhJ5DO6m
— hansolar (@hansolar21) February 28, 2024
Hansolar has sparked optimism in the community suggesting that Solana’s price could soar to $600, drawing parallels to Ethereum’s remarkable ascent during the previous crypto market bull run. Ethereum’s price surged from around $85 to …
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