As the crypto markets appear to be entering a new bull market, investors should be very aware about fiat like expansion of certain coins. This is particularly relevant for Solana.
The highest price of Solana during the crypto bull market was $260. At that point, the market cap of Solana was $81 billion. However, today, the current price of Solana is $215 per coin and the market cap is $101 billion.
2021
Solana: $260 token price ——> Market Cap $81 billion
2024
Solana $215 token price ——> Market Cap $101 billion
This means that the amount of Solana tokens are rapidly expanding, much like the printing of fiat currency. While investors think Solana is cheap relative to its all-time high, that isn’t necessarily true. There are million more coins out in circulation.
Maverick Trade & Travel
As the crypto markets appear to be entering a new bull market, investors should be very aware about fiat like expansion of certain coins. This is particularly relevant for Solana.
The highest price of Solana during the crypto bull market was $260. At that point, the market cap of Solana was $81 billion. However, today, the current price of Solana is $215 per coin and the market cap is $101 billion.
2021
Solana: $260 token price ——> Market Cap $81 billion
2024
Solana $215 token price ——> Market Cap $101 billion
This means that the amount of Solana tokens are rapidly expanding, much like the printing of fiat currency. While investors think Solana is cheap relative to its all-time high, that isn’t necessarily true. There are million more coins out in circulation.
1 year ago | [YT] | 2
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Maverick Trade & Travel
Will BTC hit 100k this year?
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Maverick Trade & Travel
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Maverick Trade & Travel
BTC, $46,000 bitcoin pump confirmed. Last time this weekly signal gave Bitcoin $46,000 pump! $105,000 bitcoin by year end.
#BTC #Bitcoin #Crypto
1 year ago (edited) | [YT] | 3
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Maverick Trade & Travel
This buy signal calls 164% pump perfectly!
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Maverick Trade & Travel
This buy signal called 164% gain in one day!
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Maverick Trade & Travel
#Solana gains 107% gains 80% success rate!
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Maverick Trade & Travel
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