Is SOL returning to glory? Breaking through $170, the bull market engine has started! [On-chain Quick Review] SOL has recently强势突破170美元, reclaiming the early 2024 high, attracting widespread attention in the market. As a once "Ethereum killer" star public chain, what does Solana's strong rebound mean? Firstly, from a technical perspective, the daily chart of SOL has formed a breakout structure, accompanied by the explosion of on-chain TVL, NFT activity, and Memecoin projects, indicating that the ecosystem has experienced a resurgence. In particular, projects like JUP and WIF have rekindled community enthusiasm, making Solana a central hub for Web3 traffic once again. Secondly, from the perspective of funds, institutional capital is flowing back in. Funds like Pantera have expressed a long-term optimistic view on the Solana ecosystem, even promoting some DeFi protocols to deploy cross-chain to the SOL ecosystem, strengthening its technical and capital closed loops. The rebound of SOL is not an isolated event, but rather a re-recognition of the "low Gas, high performance" narrative by the market. In the context of congestion and soaring fees on Ethereum L2, Solana's "one-layer solves all" model has become even more appealing. Breaking through $170 is just the beginning. If the macro environment cooperates, SOL is expected to challenge the $200 mark within the year. Whether the bull market restarts may perhaps begin with Solana.
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#SOL突破170美元
Is SOL returning to glory? Breaking through $170, the bull market engine has started!
[On-chain Quick Review] SOL has recently强势突破170美元, reclaiming the early 2024 high, attracting widespread attention in the market. As a once "Ethereum killer" star public chain, what does Solana's strong rebound mean?
Firstly, from a technical perspective, the daily chart of SOL has formed a breakout structure, accompanied by the explosion of on-chain TVL, NFT activity, and Memecoin projects, indicating that the ecosystem has experienced a resurgence. In particular, projects like JUP and WIF have rekindled community enthusiasm, making Solana a central hub for Web3 traffic once again.
Secondly, from the perspective of funds, institutional capital is flowing back in. Funds like Pantera have expressed a long-term optimistic view on the Solana ecosystem, even promoting some DeFi protocols to deploy cross-chain to the SOL ecosystem, strengthening its technical and capital closed loops.
The rebound of SOL is not an isolated event, but rather a re-recognition of the "low Gas, high performance" narrative by the market. In the context of congestion and soaring fees on Ethereum L2, Solana's "one-layer solves all" model has become even more appealing.
Breaking through $170 is just the beginning. If the macro environment cooperates, SOL is expected to challenge the $200 mark within the year. Whether the bull market restarts may perhaps begin with Solana.