[Analysis] "Solana, Potential for Further Increase"
Bloomingbit Newsroom
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- Solana (SOL) recently recorded a maximum 48% TVL increase, indicating potential for further increase.
- Cointelegraph reported that based on Solana's on-chain activity and derivatives market data, an additional price increase is expected.
- However, excessive optimism could pose an unexpected downward risk, and caution is advised.
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- The article was summarized using an artificial intelligence-based language model.
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Recently, there is speculation about the potential for further increase in Solana (SOL), which has recorded an all-time high. On the 28th (local time), Cointelegraph stated, "Based on Solana's on-chain activity and derivatives market data, an additional price increase is expected." In fact, Solana's Total Value Locked (TVL) increased by 48% over 30 days until the 27th. In comparison, Binance Coin (BNB) grew by 14% and Tron (TRX) by 13% during the same period, making this a notable achievement. Currently, Solana's 2-month forward premium is at 23%, marking the highest level in 7 months. However, the media warned, "There is a risk of unexpected downward pressure due to excessive optimism," urging caution.
