Looking at SOLBNB, I think Solana has a chance of exceeding BNB marketcap as many folks onboard to Binance, buying BNB for lower trading fees as they chase Solana. A simplistic area for the peak of that overtake in this bull run is the 1.618 fibonacci. The $SOL valuation then, will be based on how far we think $BNB can run.
Looking at SOLBNB, I think Solana has a chance of exceeding BNB marketcap as many folks onboard to Binance, buying BNB for lower trading fees as they chase Solana. A simplistic area for that overtake of BNB to peak is the 1.618 fibonacci. The $SOL valuation then, will be based on how far we think $BNB can run.
SOL and ETH both run very far. Can see Solana hitting 13% of ETH marketcap easily, and closer to 27.5% is more likely at the top of the bull run.
Solana could run to about 1 - 1.5% of BTC marketcap at the peak of the bull run. Assuming a conservative $100K BTC, SOL could be worth $900.
Solana seems to be playing out the best-case scenario! I can see it easily hitting $430 this cycle at least. Clean Elliot Waves: Wave 2 tested @ 0.618 Wave 3 grew to 0.618 Wave 4 retested 0.5 Wave 5 should extended since Wave 3 was short and the retests were not extended. As a result, seeing the 5th and final wave hitting 1.618 before the ABC...
Getting some comments about a PT for Curve, based on the bottom I called in 2 Related Ideas (See below). Because of where we are in the BTC 4-year cycle (i.e the bullish climax), I believe the 3rd wave will likely have an extended move between the 3.618 and 4.618 fibs, rather than a more traditional 1.618. That indicates a price range between $15.26 and...
Starting November very bullish with a 4H head and shoulders and a 1D bull flag. Expecting great things.
Buy zone reached, a little above $4.15. May tag it one more time -- weekly timeframe still declining.
Elliot Wave matches 4H Demand zone as well as Fib retracement.
$MATIC looks to be in the beginning of its 3rd wave. Could run very far. $1.5 would be an ideal, albeit late, pickup.