Can SOL be ambushed now? How much will SOL rise when it reaches the peak of the bull market?
Some people say that SOL is too heavy and its market value is too high. The bubble will burst at a touch. It will fall terribly next, and may even fall below $10, like LUNA.
But some people firmly believe that SOL will lead the entire crypto market, and the price can rise to $800, $1000, or even $2000, surpassing Ethereum in one fell swoop, and the future is bright!
The trajectory of history can be traced. In 2017, the entire crypto market value reached a maximum of $740 billion in the bull market; in 2021, this figure soared to $2.8 trillion in the bull market. As of now, the total market value of the crypto market has declined to about $2 trillion.
Based on these data, let's make a bold assumption. Assuming that in this round of bull market, the price of Bitcoin rushes to $100,000 and accounts for 40% of the total market value of cryptocurrencies, then the total market value of this round of cryptocurrencies is expected to reach about $5.25 trillion.
Then let's calculate the price of SOL in this bull market. In the last bull market, BNB ranked third in market value, accounting for about 4% of the total market value. Now SOL ranks fifth in market value, accounting for 3.5% - 4.5% of the market value. According to the total market value of 5.25 trillion, the market value of SOL will be between 184 billion and 236.5 billion.
The current circulation supply of SOL is 470 million, and the corresponding SOL price will be between 394 and 506 US dollars. Obviously, the current price of SOL is seriously underestimated!
However, this is only a preliminary estimate. How much it can rise depends on the market sentiment. The current price of SOL is 168. If SOL can rise to more than 500, it will be three times the profit. With such a profit, are you willing to pay for SOL?
