SOLUSD sucked into potential ALT reckoning or only up from here?
SOL is lining up to be one of the stars of the next bull run. The community is growing ever stronger and with super cheap fees and spritely block processing/transaction speeds, its shaping up to be a phenomenal layer 1 (down time not prevailing).
With the markets digesting the ETF approvals, and the potential for downside up until and including the halving period, we may see ALTS dropping significantly. A deep retracement to the 0.718 will give a fright to some investors, but if the project is destined for glory then a retracement to that extent (especially followed by a consolidation period) is a golden sign. Building a strong foundation there could see it easily reach ETHs CURRENT market cap (approx x7.5, significantly more X's if it drops to the 0.718 from here). Note: I'm not insinuating it will flip ETH.
With the markets digesting the ETF approvals, and the potential for downside up until and including the halving period, we may see ALTS dropping significantly. A deep retracement to the 0.718 will give a fright to some investors, but if the project is destined for glory then a retracement to that extent (especially followed by a consolidation period) is a golden sign. Building a strong foundation there could see it easily reach ETHs CURRENT market cap (approx x7.5, significantly more X's if it drops to the 0.718 from here). Note: I'm not insinuating it will flip ETH.