Solana Could Hit $600 This Cycle, Says Crypto Analyst Ansem
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Crypto analyst Ansem says Solana has likely bottomed and could reach $600 this cycle, citing historical cycle patterns and the network's recovery after FTX. Solana's RWA ecosystem hit a record $3.62B (adding over $540M in the past week) and the chain led tokenized equities with $4.84B in Q2 trading volume, highlighting growing DeFi and tokenized asset adoption.
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- Crypto analyst Ansem says Solana has likely bottomed and sees $600 as a cycle target.
- Solana’s RWA ecosystem hit a record $3.62B, adding over $540M in the past week.
- Solana dominated tokenized equities with $4.84 billion in Q2 trading volume.
Crypto analyst Ansem believes Solana has already formed its cycle bottom and could climb to $600 during the current market cycle.
Speaking on the Market Bubble podcast with FaZe Banks, Ansem said his bullish outlook comes from observing multiple crypto cycles since entering the market in 2017.
He said Solana has repeatedly rewarded investors after periods of extreme pessimism, pointing to its recovery following the FTX collapse, when many believed the network would not survive.
According to Ansem, today’s market looks similar. Bitcoin remains roughly 50% below its all-time high, while Solana has fallen around 75% from i…
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$ 63.79K
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