Solana Price Absolutely Primed To Hit $200 By Month End With All-Time High To Follow, Says Market Guru ⋆ ZyCrypto
The post Solana Price Absolutely Primed To Hit $200 By Month End With All-Time High To Follow, Says Market Guru ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Solana’s native token, SOL, is leading the recent recovery in crypto prices, outshining most of its large-cap crypto rivals, including Bitcoin (BTC), and signaling that the bulls are attempting a huge comeback. A hedge fund founder sees the prospect of SOL surging to the $200 price tag by the end of this month. $200 SOL Within Reach Solana’s SOL has surged over 3.8% in the last 24 hours to reach $175.79 on May 18 — its highest level in over a month. The token’s monthly returns stand at around 33.5%. On the weekly timeframe, SOL’s 20.7% leap was the largest among the top 15 coins and tokens by market cap. Daniel Cheung, the co-founder of digital asset hedge fund Syncracy Capital, posited on the X micro-blogging site, “Strength on SOL has been incredible on this bounce. Very clear this is still the best trade of this cycle.” Cheung revealed that he is “much more confident” that the price of SOL could reclaim the $200 mark by the end of this month and rocket to new historic highs “soon.” Strength on $SOL has been incredible on this bounce – very clear this is still the best trade of this cycle. Much more confident here on ability for SOL to reclaim $200. Frankendancer on the horizon, which paves the way to Firedancer upgrade. ATHs soon. https://t.co/BTKe6uDgpB — Daniel Cheung (@HighCoinviction) May 17, 2024 SOL set its current record high of $259.96 in November 2021 — about 32.8% higher than the current price — during the peak of the previous bull market. The cryptocurrency crashed to as low as nearly $8 in December 2022 following the implosion of Sam Bankman-Fried’s FTX empire but has rebounded drastically since. It’s up a whopping 739.2% in the past year alone. Advertisement   The…
Filed under: News - @ May 19, 2024 3:08 am