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<p>The post <a href="https://coinpedia.org/news/solana-sol-to-hit-200-by-the-end-of-may-says-co-founder-of-syncracy-capital/">Solana (SOL) To Hit $200 By The End OF May Says Co-founder of Syncracy Capital</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Solana’s native token (SOL) is making waves in the cryptocurrency market with its <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">price hitting $174</a> on Saturday, marking its highest price in over a month before consolidating around $166. The surge has garnered attention from industry leaders, with Daniel Choung, co-founder of Syncracy Capital, predicting Solana’s rise to $200 by May’s end.</p> 
<h2 class="wp-block-heading" id="h-solana-to-hit-200-by-may">Solana To Hit $200 By May</h2> 
<p>In a recent tweet post Daniel Choung, co-founder of digital asset hedge fund Syncracy Capital, underscores SOL’s exceptional performance, labeling it the standout trade of the current market cycle.&nbsp;</p> 
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   <p lang="en" dir="ltr">Strength on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> has been incredible on this bounce – very clear this is still the best trade of this cycle.<br><br>Much more confident here on ability for SOL to reclaim $200.<br><br>Frankendancer on the horizon, which paves the way to Firedancer upgrade.<br><br>ATHs soon. <a href="https://t.co/BTKe6uDgpB">https://t.co/BTKe6uDgpB</a></p>— Daniel Cheung (@HighCoinviction) <a href="https://twitter.com/HighCoinviction/status/1791385937315811681?ref_src=twsrc%5Etfw">May 17, 2024</a>
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<p>Choung expresses firm confidence in SOL’s potential to reclaim $200 by end of the May, signaling a complete reversal on the monthly timeframe and <a href="https://coinpedia.org/price-analysis/prices-of-ethereum-solana-are-rebounding-will-the-altcoins-gain-strength/" target="_blank" rel="noreferrer noopener">potentially paving the way</a> for all-time highs (ATHs). This optimistic outlook is rooted in SOL’s consistent upward trajectory and its ability to weather market challenges with resilience.</p> 
<p>Further Choung highlights the upcoming “Frankendancer” upgrade, a highly anticipated development within the <a href="https://coinpedia.org/news/robinhood-crypto-launch-solana-staking-for-eu-customers-amid-sec-scrutiny/" target="_blank" rel="noreferrer noopener">Solana ecosystem</a>. This upgrade is poised to introduce significant enhancements and optimizations, further bolstering SOL’s performance and adoption.&nbsp;</p> 
<p>With the Frankendancer upgrade on the horizon, investors are increasingly bullish on SOL’s potential to achieve new all-time highs.</p> 
<h2 class="wp-block-heading" id="h-solana-emerges-as-fastest-blockchain">Solana Emerges As Fastest Blockchain</h2> 
<p>Recent data from <a href="https://www.coingecko.com/research/publications/fastest-blockchains" target="_blank" rel="noreferrer noopener nofollow">CoinGecko highlights</a> that Solana has emerged as the fastest among large blockchains, with its actual daily average transactions per second (TPS) reaching a record high of 1,504 on April 6th, 2023. This remarkable speed makes Solana 46x faster than Ethereum.</p> 
<p>Furthermore, Solana’s TPS is more than 5x faster than <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" target="_blank" rel="noreferrer noopener">Polygon (MATIC)</a>, which currently holds the highest TPS among Ethereum scaling solutions. Despite Solana’s impressive performance, it has only achieved 1.6% of its theoretical maximum speed of 65,000 TPS.&nbsp;</p> 
<p>This suggests there is still significant room for improvement, and the network’s upcoming upgrades will be closely watched to see how quickly it can achieve even higher real TPS.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/top-5-altcoins-priced-under-1-to-watch-for-significant-gains/">Top 5 Altcoins Priced Under $1 to Watch for Significant Gains</a></p>

Solana (SOL) To Hit $200 By The End OF May Says Co-founder of Syncracy Capital

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