In recent quarters, Solana’s increasing on-chain activity points to a strong underlying demand for SOL tokens.
Solana (SOL) looks poised to undergo a bull run in the current crypto market boom led by Bitcoin (BTC), argues independent market analyst Hansolar.
At the core of Hansolar’s bullish analogy for Solana is its potential to replicate Ether’s (ETH) price trends during the previous crypto market bull runs. For instance, in the 2020-2021 bullish cycle, ETH’s price surged from around $85 to as much as $4,935, tailing Bitcoin’s uptrend.
Interestingly, ETH’s uptrend increased by approximately 1,400% after Bitcoin established a new record high above $20,000, as shown in the three-day chart below.
