A flawed analysis, but hey, it worth exploring, right?
Let's break down the reasons:
🚀 We're still in a bull market—why? ETH and BTCare holding strong in good price ranges and gearing up to break higher. Just look at $BNB ; it's hovering near its all-time high (ATH) of ~$868. Plus, $SOL 's price over the last 7 days (up ~2.5% in 7d) have better performance compare to $XRP (#3 on CoinMarketCap, down ~5-5.5% in 7d), with potential for breakout if volume picks up.
🔥 Top coins are hitting ATHs left and right lately, like BTC reaching $124k recently, BNB at $868, and ETH nearly touching its peaks again. SOL is one of the leading coins, and remember, its ATH (~$262) is still about 40-45% away from the current price. If the bull market keeps rolling (watch for RSI above 50 for confirmation), there's a high chance SOL will reclaim that ATH very soon.
💰 Another reason: SOL offers solid interest rates when you stake it in earn wallets or swap for BNSOL—yielding around 5-7% APY—making holding SOL right now a huge opportunity for passive profits while waiting for the pump.
The potential for SOL to hit $250-300 by the end of August to mid-September is sky-high, based on predictions from sources like CoinDCX (+35% in Aug) or Bitget (~$203-204). Of course, this is just my take—markets can correct anytime, so always DYOR and manage risks! But I wanted to share so you don't miss out on this gem about to shine. 🚀
If you think I'm off base (or have better data/charts), drop a comment and let's discuss!
#solana @capybarish
