SOL & Memes | Is Solana season here ?
2024-11-19

From Weekend Hero to Market King 

Sol szn is here ? YESS, We are 70% up since our last  analysis  and recent data strongly suggests we might be entering the early days of SOL mania, Here’s why

1.SOL Outperformed BTC and ETH This Weekend: Solana delivered significantly better returns compared to Bitcoin and Ethereum over the weekend. don't let me compare it with Eth cuz it will break Eth holders Soul 


   
2.Market Cap Milestone: Solana's total market capitalization hit an all time high earlier today, now making up 3.53% of the entire cryptocurrency market with a valuation of $114.3 billion.  

3.Dominating Daily Net Inflows: As of now, SOL tops the leaderboard for daily net inflows.  

4.Revenue Growth: Last week, Solana’s Real Economic Value (the revenue it generates) doubled its previous all-time high.  

5.Meme coins often choose the Solana blockchain for a variety of reasons, primarily due to its unique technical advantages and its growing ecosystem. Here’s why: Low Transaction Costs, High Throughput and Scalability, Fast Transaction Speed, Strong Community and Ecosystem,Developer-Friendly Environment, Early Mover Advantage...

6.Weekend Trading Volumes: Between Saturday and Sunday night, SOL trading volumes surpassed those of all major altcoins.  

All of this recent movement is huge for two specific groups of people:
-My wife, who has been worried sick since I told her I invested 100% of my life savings in Solana!
-Our followers, who got worded up on SOL around this time last year and load the dip at 20$

But will these trends hold, especially after ETH and BTC ETFs wrap up their first trading day of the week?   Probably not but it’s worth noting how impressive this is, given Ethereum’s market cap is 3.3x larger than Solana’s, and Bitcoin’s is a staggering 16x bigger!

As you can see Sol ready for correction and pullback then it gets ready for Sol Mania 