🚀 Solana's native token, SOL, is making waves in the crypto market! It hit $170 on Friday, its highest price in over a month, and is up more than 40% since early May. Daniel Choung, co-founder of Syncracy Capital, believes SOL could hit $200 by the end of the month and is poised for new record highs soon.
SOL's surge is attributed to several factors, including active meme coin trading, robust stablecoin volumes, and DeFi activity. Upcoming network upgrades and the anticipated Firedancer, a secondary chain client developed by Jump Crypto, are also expected to boost SOL's performance.
What are your thoughts on SOL's recent performance and future prospects? Let's discuss in the comments! 🚀