Solana is on a roll - here are the words, nobody thought was possible to say, since the $FTX “fiasco”!
70% up in the last month… Wished you invested in it, I am right anon?! Well, you are still on time… It’s only up 500% since the lows! (Insert evil laughter here).
Probably we are due to a nice, crypto-humbling style correction - and I will be waiting for that. Probably around $28 would be my target, however, I know myself, and as soon, or if it goes to $30, I will fat finger ($20 well-earned bucks, that’s my purchasing power nowadays) and will scoop a nice bag of SOL, crying because 2 weeks later, actually, it will touch my designated price. This is all supposition and means nothing, do not trust anything I say, and you can trust that. I know nothing, never knew, never will, and if I got it right, it was major luck, no skill whatsoever!
But this is not the reason why I am writing this article. No sir! This is:
VAN ECK PREDICTION
“A controversial report prepared by reputable asset management firm VanEck for Solana has sparked discussions. The report presents various price predictions for Solana, indicating that it could reach $9.81 in the worst-case scenario and $3,211 in the best-case scenario by 2030. This represents a price increase of 10,600% for Solana in the next 7 years.” - some random news source.
Is this possible? Well, it is! After all, we are speaking around 1.5 Trillion market cap for $SOL! Is this likely? Considering that is 2023, and we are 6 years away from 2030, and innovation and new narratives, are always flooding this space, I wouldn’t say is remotely likely. Not at all.
PLAY IT SMART
I am hereby calling you out anon! OPEN YOUR EYES! Do not let history repeat itself! No one knows what will happen. So stop dreaming, please! I am saying this, because I am a dreamer, and is not hard to dream about having an easy life, the problem is, if you dream too much, reality will hit you with a crushing elbow to the face. Again, I am not saying that Solana, cannot pull these numbers, because it can (mathematically speaking).
There are some factors to consider though. The obvious one is the FTX holdings on this asset. They will dump on us, and they will dump hard. Maybe it is a lot of smoke and no fire at all, but, let’s be cautious. Long term, probably it won’t matter, and we will have the opportunity to scoop some nice price-tagged “Solano”. But be ready for the FUD.
MISTAKES OF THE PAST ARE THE MAP FOR THE FUTURE
Again, don’t get me wrong. By the strength that has been shown so far $SOL can fly, and can fly higher. I know that I will be buying some more, however, look at this prediction with a grain of salt. Don’t forget that for someone to profit, someone else has to lose, and big players have 0 remorse or guilty conscience, in making you exit liquidity and it doesn’t feel nice, for us, (for them feels like a PB & J sandwich).
Don’t go all in one trade, this is what I learned last cycle… (yes I bought Cardano at $0.06, at $0.13 at $0.40) and see this f*cker fly to the moon! Do you know how much profit I made? Rather not say, but I think you already got the point… If it was now, I would play it differently, much differently. The thing is I do believe in second chances, and cannot disregard this second chance, so I will play accordingly.
I don't care what people are saying, profit is profit, and I won't commit the same mistake. Also will stop thinking about exact numbers - What I mean is, I used to think to take profits in "exact" numbers - $50, $75, $100, etc. - but this is a dangerous way of thinking, so won't be repeating this.
Well, okay, I will not extend much longer, but guys keep in mind, that just because a "trusted" source, shares their predictions, doesn't mean they are right or that they know better. It's all speculation and we've seen this happen before with $FTX, $LUNA, etc. It's okay to be bullish, it's okay to dream, but it's not okay to be reckless. Don't let the greed destroy your goals!
Just a small note: I AM LOVING THIS $SOL RUN! LOVING IT! WAY TO GO!
Go for it SOLANO (Raoul Pal voice). That's it for today.
Thank you very much for reading. Hope you have enjoyed the article! Would really appreciate it if you could drop a follow on 👉🏽Twitter(X)👈🏽
See you soon fam!