The market cap metrics give you an overview of how this coin is likely to grow in the future. Here is an example if you look at the Solana coin (SOL):
In the long-term, the price of Solana has dropped sharply with -29.84670725 % and is located at the price zone of 24.59247683 US$.
The short-term (here we look at the price of the week for a more stable view than intraday) has been slightly up to 1.86553081
If you are a HOLDER (i.e. players who make profits based on the length of time) then you should focus on the 90 day long term trend. However, if the investment case is the platform coins alone, then you need to observe with a time length that can be longer than 6 months or sometimes 1 year.
If this coin has many large investors who are funds, you should monitor the movements of investment funds to be able to make the right comments in the future.
In the long term future, the cryptocurrency market will grow very strongly, however in the short term there will be bids by market makers. So learn carefully the information so that you can calm down before the ups and downs of the market.
Absolutely not enough. Because there are many different factors that can affect the price of Solana, besides that, there is also the factor of investor psychology.
For example, within the last 7 days, have you seen Solana increase? 1.87 %, but it is not certain that this coin will continue to increase in the long-term future.
Cryptocurrency market is a new market and will not have the characteristics of technical analysis like the stock market, gold, .. and many other established markets.
These are just extremely basic analysis of the Solana (SOL), you should not rely solely on this information to make buying or selling decisions.
You can look at metrics like current total circulating supply, maximum total supply, and compare the price of Solana coin (SOL) against those of high ranking coins to see its maximum growth potential. How about this coin?
As far as current and past data goes, no coin has ever had a market cap that has surpassed Bitcoin (BTC) with a market cap of 2 USD, and Ethereum (ETH) with a market cap of 451,414,605,948.51 USD. market is 205,378,795,478.36.
So you can predict if the capitalization of Solana (SOL) is achieved by the capitalization of 2 coins Bitcoin, Ethereum, how much the price of Solana coin (SOL) will be able to increase. These are common short-term estimates.
To see the detailed analysis, you can also see more articles How many Solanas (SOL) do you need to buy now to be able to become a dollar millionaire in the future?
Based on past data as well as consulting many sources from experts, of course, there will be mixed opinions. However, we want to give you a relative estimate to have more long-term HOLD confidence
These analyzes will be updated regularly as the market changes, We recommend that you use the following information only for reference purposes and not as investment advice.
If you are just starting out and do not fully understand the technical aspects of digital currency, we advise you to invest coins on reputable centralized exchanges:
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