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Solana to Reach the Moon: Experts Predict a 98% Chance You’ve Already Made All Your Money Elsewhere

Crypto NewsHackRetail Investors 2 Kevin Nelson August 16, 2024

An illustration of a rocket ship blasting off into space with flames engulfing its base. The rocket is labeled as 'Solana' and has an arrow pointing upwards towards the moon while several smaller rockets are shown falling back to earth, some exploding in mid-air. In the background, there's a faint image of Ethereum layer-2 solutions represented by tiny stars shining brightly but not quite reaching Solana's trajectory. The overall atmosphere is one of excitement mixed with caution as the rocket ship soars higher into space.

The eternal question: can a cryptocurrency go up? In this case, it’s not just about whether Solana (SOL) will rise, but if it’ll even get out of bed. The answer is no, because $1K seems unlikely and network fundamentals forecast only $190 SOL

Source: cointelegraph

Solana to $1K seems unlikely, but network fundamentals forecast $190 SOL
https://cointelegraph.com/news/solana-to-1k-seems-unlikely-but-network-fundamentals-forecast-190-sol
Solana's native token, SOL (SOL), last traded above $190 on July 29, despite an impressive 33.5% gain since retesting the $110 level on Aug. 5. However, the bullish momentum encountered strong resistance at $150. Some analysts suggest that SOL's price is mimicking Ether's (ETH) 2020 movements, which led to its all-time high. Yet, regardless of what the charts indicate, it is crucial to evaluate the current demand for the SOL […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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