SOLANA GANG: Discussion
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Date: December 13th, 2024 3:39 PM Author: irradiated lake set
Very good year, starting with coins $75 and market cap $30B.
Today coins $225 and mc $110B.
It's a win however you look at it. Yearly top at $260/$120B.
It's hard to remember that over the past month, however. Ripple has spiked, ETH is rocketing, and sol has just chopped around slightly downward - lower highs and lower lows since 11/23. Monthly chart looks like dogshit.
Worse, SOL ETF applicants have been forewarned theyre getting denied, will be official soon. And massive token unlocks happen in early March.
I'd had a price target of $500 for this bull run, but Im increasingly doubtful about it. And coin-inflation is still churning.
We had the same coin price on 12/1/21, but needed only a $70B mc. Today, we need 110B mc to reach that coin price.
If your plan is to not look at this / not think about it for another ten years, fair enough. But I dont want to roundtrip this and so will be selling / swapping sometime.
(http://www.autoadmit.com/thread.php?thread_id=5649076&forum_id=2],#48445694) |
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