answer: pretty f*ing high.
$1300+ is looking more than reasonable by the end of 2021. SOL has proven it can pump when much of the rest of the market is ranging, as we've seen price double since its prior ATH in may.
let's assume the trends continue for total market cap and SOL dominance. that would put the market cap at around $6.2T and SOL's market share at 6.3% by the end of the year.
where would that put SOL's price? $1342.52
(6.2T * 0.063 / 290,944,405 = $1,342.52)
technicals seem to align nicely too, with $1342 landing just above the 1 level of the fib extension, and just below the top of the channel.
$1300+ is looking more than reasonable by the end of 2021. SOL has proven it can pump when much of the rest of the market is ranging, as we've seen price double since its prior ATH in may.
let's assume the trends continue for total market cap and SOL dominance. that would put the market cap at around $6.2T and SOL's market share at 6.3% by the end of the year.
where would that put SOL's price? $1342.52
(6.2T * 0.063 / 290,944,405 = $1,342.52)
technicals seem to align nicely too, with $1342 landing just above the 1 level of the fib extension, and just below the top of the channel.
Kommentera:
this should go without saying, but i'm NOT suggesting that this is necessarily a good entry for SOL right now. just projecting a possible EOY price based on the current trends.
Kommentera:
still right on trend for dominance
