The token is 'still the best trade this cycle,' and could reach $200 by the end of May, Syncracy Capital co-founder said.
Solana's native token (SOL) hit its highest price in a month at $170, up 40% from early May, outperforming digital asset majors.
Strength on SOL bounce has been incredible, very clear this is still the best trade of this cycle, co-founder of Syncracy Capital mentioned.
Solana benefits from meme coin trading, stablecoin volumes, DeFi activity, upcoming network upgrades, and growing interest in shared cryptoeconomic security.
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