Sol's sharp rise and correction, where is the end point?
How can there be no correction after continuous skyrocketing? Don’t forget it!
Sol came out with the title of Ethereum Killer. At present, regardless of scale, total market value, application and functionality, Sol has stood out among all competitors. If it were not for the thunderstorm incident, due to the large number of Ftx Holding it and disconnecting it several times, SOL should not have fallen to 8 US dollars in the bear market. When the bull market started around US$20, many people found that the data on the SOL chain was very active, unlike other opponents who were still trying to make a big deal out of it. In the long run, even if the total market value of SOL will not exceed that of Ethereum and it can truly fulfill its reputation as the Ethereum killer, it will still be difficult for other rising stars to easily challenge it. Moreover, the ecology and new applications on the Sol chain are currently booming. In this round At the end of the bull market, I believe there will still be at least a few hundred dollars of shallow power!
You must know that even if a new public chain is released that is stronger than Sol, the actual gap will not be too big. Unless, like the current Ethereum, it cannot meet the huge demand, otherwise the huge ecosystem that has been formed has allowed Sol to stand firmly. The top of the strongest public chain.