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SOL is racing! A 70% surge in 5 months, will it continue to rise at a 'cheat level' after the upgrade? A thorough analysis dissects the risks and opportunities!
Isn't the recent movement of SOL really crazy for everyone in the fam? It jumped from 124 Dollar to 202 Dollar all at once, and it's making us anxious just watching it. However, I heard that overseas regulatory agencies have postponed the review of certain compliance products until October, which might make some people wonder if SOL is done for.
As a veteran blogger who has been crawling around in the world of digital assets for 5 years, let me speak frankly today: If you're playing with digital assets, you can't just focus on short-term ups and downs. Grasping the core logic is the secret to making money!
Technical upgrade, a super powerful engine for SOL rise!
On September 1st, SOL welcomed the "Alpenglow Upgrade", a groundbreaking innovation at the highest level in history. This is seriously amazing! The transaction confirmation speed has been reduced from the conventional 13 seconds to 0.15 seconds, making it 85 times faster! My friend, from now on, payments and remittances will be as fast as lightning, and long wait times are a thing of the past. The delays during large-scale use of SOL have been eliminated, and the experience has skyrocketed!
What’s even more amazing is that after the upgrade, voting transactions decreased by 75%, and a clever "burning mechanism" was also introduced. What does this mean? In the long term, it means that SOL has greater value potential and infinite possibilities!
However, one point to note is that while the speed has increased, there are still some security vulnerabilities. This is like a high-speed car having overly sensitive brakes, which normally wouldn't be an issue, but requires special caution in extreme conditions. This is something you should definitely remember!
Currently, there are over 3,000 projects operating on the SOL platform, and the number of transactions in July surpassed 120 million. This activity is truly amazing, and you can see the strength of SOL!
Regulatory and institutional maneuvering, is there an opportunity hidden within?
This postponement of the review may seem like "bad news" at first glance, but seasoned traders know that this is evidence of a great opportunity hidden within! Now, products compliant with Bitcoin and Ethereum are overflowing in the streets, and overseas regulatory authorities are desperately searching for "trustworthy new targets." The SOL ecosystem is so well-developed that it must appear as a "promising stock" in their eyes!
Previously, when a major overseas institution applied for a regulatory-compliant staking product for SOL, SOL surged by over 14% on the same day. What does this mean? It means that large funds have already taken notice of SOL. This is definitely a point that cannot be overlooked!
Can you break through in a short period? Don't miss these three points!
Important Position: The current price of SOL is $202, and it has not yet reached a state of frenzy among the public.
Support line: $195 is like a strong "safety line"; as long as the price stays above this line, the situation for SOL is stable.
Danger Line: 190 Dollar must not be broken! Once it breaks, there is a high possibility of a correction, so everyone should be cautious.
October is going to be an important month for SOL! If the regulatory compliant products pass the review and the price of SOL breaks through 202 Dollars, the next target might be 230 Dollars. Even if it can't break through, it's normal for it to be in a box market in the range of 195-202 Dollars.
But in the long run, the billion Dollar ecosystem fund is gradually being realized, and developers continue to increase. The journey of value discovery for SOL has just begun!
Do you all think that after this technology upgrade, SOL has a chance to break into the top 3 digital assets? Are you waiting for a correction before entering? Or are you jumping in right now? Let us know your thoughts in the comments!