It seems like the altcoins on the Solana network have been getting hype recently, I saw on social media that many people are holding altcoins on the Solana network and the price has increased several times. maybe this is what caused the price of solana to rise, let's see how long this hype lasts.
As long as the hype continues, the price sol will go up or have a sideways movement, but it probably can't last long. It seems to me that altcoins on the sol blockchain will not be popular in the near future. Buying it now for the purpose of profits may kill the deposit. I remember once upon a time there was a similar story with bnb.
What is dawn on you is not a good thing, you see a project being appreciated this much and you still have doubts about it? Well, you might have your reasons for that even though you are not constructive about the reason why you believe that SOL's projects will fail. But in my opinion, it will not fail and more tokens will use the blockchain over time. This is actually the time of SOL, no wonder it grew so fast and the last time I saw it on the Coinmarketcap, it was at the 4th position. This should continue over time and I expect SOL to be the third-rated cryptocurrency this time, and if care is not taken in the next bull run after the one we expect now, it might even displace Ethereum.
This might surprise many, but the truth is that everyone should watch out for the unexpected. What has not happened before will begin to happen in order to shake the crypto space over time. However, for those who can still take the risk, SOL might hit $1,000 by 2025, it's either you take it or leave it, it will happen. Nonetheless, I do not expect to see it below $90 in the next 1.5 years anymore no matter the correction it might make. It should continue to find support earlier and get to move astonishingly as it has ever been doing since the renewal of the latest bull run.