Insiders Reveal Solana Could Skyrocket to $3,300 in Just 90 Days!

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The price of Solana reached an all-time peak, boosted by its solid foundations in the Decentralized Exchange (DEX) and meme coin sector. Although the SOL token has slightly retreated from its weekend peaks, analysts anticipate further growth. The main drivers for this increase are expected to be Solana’s dominance in DEX, potential strategic reserves, and the resilience of its DEX ecosystem.

Key Reason Why Solana Price Could Surge 12.9x 

According to Kook Capital, a significant crypto platform with more than 137k users, one of the primary factors that may cause Solana’s price to skyrocket up to 12.9 times or reach approximately $3,300 within the next three months is the influence of Donald Trump.

According to Kook’s disclosures, there were leaks suggesting that Donald Trump plans to establish a Strategic Bitcoin Reserve. Additionally, he is expected to offer exemptions from capital gains taxes for crypto investments. Furthermore, Kook mentioned that three new cryptocurrencies will be introduced soon, one of which is rumored to be linked with Elon Musk. Other possible Trump-related coins in the pipeline are World Liberty Financial and one offering returns on investment.

According to sources close to the situation, Kook predicts that the price of SOL could potentially skyrocket by a factor of 12.8 within the next three months, reaching an astounding $3,300. This surge would propel Solana’s market capitalization above the trillion-dollar mark, specifically to over $1.5 trillion.

Trump and Melania Meme Coins to Usher A New Era

The rise in Solana’s price can additionally be fueled by the popularity of meme coins endorsed by Donald and Melania Trump. For instance, the TRUMP token has reached a market capitalization of more than $10 billion, while the Melania token is valued at close to $2 billion.

It appears that numerous influential individuals and corporations may soon introduce their own branded digital currencies. This trend could suggest a more lenient stance towards meme coins from the Trump administration, potentially indicating less regulatory pressure in this sector.

Solana has emerged as the preferred blockchain for meme coins, boasting a total token value nearing $30 billion. Notable meme coins on this platform include Bonk, Fartcoin, and Pudgy Penguins.

Solana DEX Volume Surged to a Record High

As an analyst, I’ve observed that Solana’s network has demonstrated its capacity to manage significant events. In fact, its chain processed a whopping $27.6 billion in a single day, which is roughly one tenth of NASDAQ’s daily volume. Over the last week, this figure climbed to an impressive $89 billion, bringing the total cumulative volume to a staggering $769 billion.

Such an occasion is significant, given that the cryptocurrency sector is still relatively new and developing. Notably, the most prominent decentralized exchange (DEX) protocols on the Solana network include Raydium, Orca, Jupiter, and Meteora.

Or another way to phrase it:

This event carries a lot of weight since the crypto space is still in its early stages. The top DEX platforms on Solana are Raydium, Orca, Jupiter, and Meteora.

Solana Price Analyis: What’s Next For SOL?

Over the past two weeks, the Solana price has been on an upward trend. Currently, it’s hovering around a significant barrier at $265, which represents its old record high and the upper boundary of the cup and handle formation.

In simpler terms, the C&H (Cup & Handle) pattern we’re seeing indicates a continuation followed by some consolidation. The potential price for SOL is determined by taking the height of the cup (the depth) and projecting it from the top of the cup. Since the depth is around 100%, there’s a strong possibility that the SOL price could rise significantly, potentially breaking through the $535 resistance level soon.

As a cryptocurrency investor, I believe the optimistic outlook for Solana (SOL) could be challenged if the coin experiences a significant drop, falling below the support level at around $170. This downturn might signal a shift in market sentiment and potentially undermine my current bullish perspective on SOL’s price movement.

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2025-01-20 15:12