롱

Long SOL, MCAP breaking ATH

업데이트됨

What's up traders, investors, hodlrs

I am just reviewing the Market cap of some alts and holy cow. I have always known that SOL has institutional money since its inception and understood the potential...

But $108 B Market cap? Who would have thought we would be reaching these levels?

It is still climbing too. From my perspective, I believe this bull run has more to go.

Where are we to reach from here? Does SOL (long term) have the potential to even be in the 500B Mcap? Ultimately, ? With adoption, if it continues at this rate, it is feasible.

At those levels (it would not happen overnight) this is longer term adoption, price would be estimated at $1045, and $2090 levels.

I am a bit mind-blown if I must say. I will be monitoring SOL mainly from the perspective of Market cap, as I feel it shows SOL is here to stay and is adopting and taking its' share in the space respectively.

Just as a quick comparison, , which is still a great project is reaching previous Market cap highs is still only $14-15B. Quite incredible when you compare the two.

There is no possible way that it would have a similar run (exponentially as it did around initial launch) but it does seem feasible for it to break out for another leg, extending through the 120B levels first. We are not far from it as we speak.

Anyway, TL;DR - is breaking Mcap all-time highs and looks like there could be more of a run. (We project this run has the potential to run into March-June '25)

Moral of the story, we are VERY bullish on SOL.

stay disciplined, focus, spend time with the people you love.

namaste

Trade in Motions

노트

An update on , we are currently up 5% in Mcap breaking through some resistance levels. Since this post, we are up from 108B Mcap to $114 and climbing.

We will be adding our updates throughout the week. With the rate we are going, our next target for MCap would be the previous resistance at 125B, which should significantly push price forward.

NFA, for educational purposes only!

액티브 트레이드

This is an update on and our thoughts going forward. We are still bullish, even with slightly dropping today in over MCap. Yet we still see SOL's MCap up almost 2% and still climbing.

We have been both accumulating (DCA) and trading using leverage. (Our positions being in the lower $230 range and PL $250 range.

As always manage your capital wisely. Enjoy the Saturday folks!