Solana (SOL) Soars: $400 Price Tag Within Reach?

Solana's market cap surges to $117B, driven by thriving ecosystem and growing adoption.

Key Statistics:

- Solana market cap: $117.15 billion.
- TVL: $10.57 billion (new ATH).
- Daily active addresses: 5.7 million.
- SOL price: $237.
- Rank: 4th largest crypto project by market cap.

Analysis:

Solana's momentum driven by:

1. Robust utility in the network.
2. Growing DeFi activity.
3. Integration of Sky Protocol's USDS stablecoin.
4. Increasing institutional adoption.

Potential Outcomes:

- SOL price rally above $400.
- Top 3 market cap ranking possible.
- Continued growth in TVL and daily active addresses.

Expert Insights:

- Solana's organic demand and address activity suggest sustained growth.
- Liquidity rotation may favor other projects, limiting SOL's potential.

Readiness Signals:

- Solana's TVL surpasses 2021 highs.
- Daily active addresses increase by 470%.
- Market cap growth outpaces competitors.

Predictions:

- Short-term: $350-$400.
- Lon…