Solana (SOL) is one of the fastest and most popular blockchains, making it a strong contender during a bull run. With $200, you can take strategic steps to maximize your potential gains. First, consider buying SOL early in the bull cycle when momentum starts building. Use dollar-cost averaging—buying small amounts at intervals—to reduce the risk of buying the top.
Next, look for promising Solana-based projects such as decentralized exchanges (Serum), NFT marketplaces (Magic Eden), or innovative DeFi protocols. Allocating a portion of your funds into carefully researched ecosystem tokens can multiply gains if they surge alongside SOL.
Staking is another smart strategy. You can stake your SOL tokens on a reputable validator and earn passive rewards while you wait for price appreciation. This increases your holdings over time without additional capital.
Stay active on Solana’s communities and track ecosystem developments. Bull runs often bring hype, so be prepared to take profits when prices spike sharply. Set clear targets—e.g., selling 25% if SOL doubles—to lock in gains.
Finally, never invest money you can’t afford to lose. Cryptocurrencies are volatile, and while Solana offers big upside, prudent risk management is essential to long-term success.
