The token is"still the best trade this cycle," and could reach $200 by the end of May, Syncracy Capital co-founder said.has been leading the recent rebound in cryptocurrency prices, outperforming most digital asset majors, and could soon target new cycle highs.
SOL hit $170 on Friday, its highest price in more than a month, before slightly retreating to $166 recently. It has advanced nearly 7% over the past 24 hours and is now up more than 40% from the crypto market's local bottom in early May, while BTC sank to $56,000. "Strength on SOL has been incredible on this bounce," Daniel Choung, co-founder of digital asset hedge fund Syncracy Capital, said in anChoung said he's increasingly"confident" that SOL could retake the $200 level by the end of the month and target new record highs"soon."Firedancer
There's also an"increasingly growing interest in shared cryptoeconomic security" – usually referred to as restaking – arriving to the ecosystem, David Shuttleworth, research partner at Anagram, said in an X direct message.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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