Jake Gagain, a crypto YouTuber, recently projected an ambitious future for Solana (SOL), predicting a surge for the token to $750. This prediction, shared via a post X, is accompanied by a logic deeply rooted in Solana’s growing technological advantages and market presence.
Solana’s recovery after the FTX scandal
At the heart of Gagain’s optimism is Solana’s solid recovery from the FTX scandal. Despite the market turbulence and its price plummeting below $10, SOL recovered impressively, surpassing the $100 mark by the end of the year. Gagain attributes this resilience to Solana’s strengths, particularly its faster, more secure, and more convenient network than competitors like Ethereum.
As of this writing, SOL is trading at $102.21, up 5.21% from its intraday low and up 40% over the past month.
24-hour SOL/USD price chart (source: CoinStats)
Furthermore, the crypto influencer noted Solana’s growing integration into traditional markets, as evidenced by partnerships with major brands like Shopify. According to Gagain, this venture into traditional markets should spur user growth and activity within the Solana ecosystem.
Sei Network’s performance
At the same time, Sei Network’s native token, SEI, is also making headlines, showing a notable gain of 237% over the past month. According to cryptocurrency trader cryptodude999, the breakout and upward trajectory of the SEI signals bullish market sentiment.
If the SEI were to maintain its momentum and break above the key resistance level of $0.7891, it could reach new highs, surpassing the psychologically significant threshold of $1. At the time of writing, the SEI was trading at $0.8013, up 1.01% from the day’s low.
24-hour SEI/USD price chart (source: CoinStats)
Additionally, an interesting comparison emerges when looking at the transaction milestones of both Solana and Sei. While Solana recorded 261 billion transactions, SEI recently surpassed 1 billion. Historically, when Solana reached its first billion transactions, its price was $3. This parallel draws attention to the SEI’s potential growth trajectory.
However, Cryptodude999, while being cautious of potential pullbacks, suggests that a support zone around $0.63 could provide a safety net, allowing for strategic accumulations during dips.
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