$SOL I have figured out this coin. Three years ago, if someone had told me that SOL could become what it is today, I would have definitely thought they were crazy. I remember selling everything at $280, and then it dropped to $120, so I bought back some; that operation was pretty good.
If we're talking about the best opportunities to get into SOL, the first one was during the FTX collapse in 2022. At that time, the price dropped to single digits, and although there were daily outages and it was under a lot of pressure, the technical foundation was indeed quite good. The second opportunity was in the first half of this year, when meme coins suddenly became popular, and Pump.fun directly took SOL to new heights.
But at this price, I don't find it very appealing anymore. In the short term, I might still play a few rounds, but for the long term, heavy investments? Forget it. The reason is simple: the favorable conditions that needed to be realized have mostly been realized. The staking rate is sufficiently high, right? Inflation has reached its peak, right? It's tightly linked to the U.S. market, right?
Pump.fun looks lively, but there's actually not much technical content; it's just a copy from BSC. For SOL to continue to rise now, it either needs to snatch DeFi business from ETH, or it needs to create a blockbuster chain game. But both paths are difficult. I think DeFi is uncertain, and for chain games, the Sui chain might have better prospects than SOL.
To put it bluntly, SOL has reached a critical point. It either breaks through the ceiling for another wave, or it will just move sideways like ETH in this bull market. Anyway, I don't plan to bet my fortune on it, nor will I foolishly hold onto it.
In terms of future layout, I will guide everyone to aim for high-profit opportunities in altcoins, expecting space for more than 10 times profit is not a problem. Like + comment, and I will take you to map out the entire bull market together!
