Solana Will Reach $200 in Late May, Expert Says

According to Daniel Chung, co-founder of hedge fund Syncracy Capital, Solana will reach $200 by the end of May.

He believes that SOL has shown resilience in the current market recovery and is currently the most promising investment.

In his opinion, SOL has the potential to reach its all-time high, and upcoming network updates are paving the way for this growth. Chung noted that the upcoming Firedancer client, developed by Jump Crypto, will improve the performance of the blockchain.

According to CoinGecko, SOL has experienced an 18.5% increase in the past week, reaching $172 and currently ranking fifth in terms of market capitalization with $77.3 billion.