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RECAP: MARCH MADNESS
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RECAP: MARCH MADNESS

Solana Soaring: Why It's Still Undervalued

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InvestAnswers
Mar 10, 2024
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Today’s Nuggets

  • SOL’s Significant Price Increase

  • IA’s new Price Targets for this Bull Run

  • Dominance in DEX Volumes

  • Remarkable Total Value Locked (TVL) Growth

  • Strategic Investment Interest

  • Network Expansion

  • Upcoming Airdrops

  • Innovations and Updates

  • Undervaluation Indicators


Let’s talk about Solana. It hit a two-and-a-half-year high this week, just over $152. But why is it special and so undervalued? Let’s break down the fundamentals, discuss what is coming down the line, and talk airdrops.


This Tweet of mine was sent out to be fun and display how this price curve has played out. This token has been nothing but up for the last six months or so. Sign up to my X/Twitter account.


I have always enjoyed finding patterns and numbers, and I thought this was interesting—1,400% in 14 months, and we are still so early in this bull market.


Solana is experiencing nearly $100 million of inflows a day into stablecoins, which is impressive.


All of these are just ramping up:

  • Solana's top of the list = $2.813B

  • Ethereum is #2 = $2.3B

  • Binance Smart Chain is #3 = $1.3B

  • Arbitrum #4 = $1.1B


This chart displays $2.643 billion as of March 6…


However, my live chart broke three billion dollars in TVL and is going parabolic due to

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