VC Firm Founder: ‘$SOL up 2x in 10 Days From the Bottom’, Solana Is ‘Too Strong’

1 year ago 71

On Monday (9 January 2023), with $SOL up 21% connected the day, Mike Dudas, Founder and General Partner astatine NYC-based task superior steadfast 6th Man Ventures (“6MV”), said that Solana’s technology, products, and assemblage are “too strong” for $SOL to autumn to $0 (which is what immoderate doomsayers expect to happen).

Dudas, who is besides presently Vice President and Head of Stablecoin Business Development at fiat-backed stablecoin issuer Paxos, told his implicit 129K Twitter followers:

$sol up 2x successful 10 days from the bottommost – erstwhile galore were saying it was headed to $0@solana technology, products and assemblage excessively strong

the radical who substance are inactive present – and galore much connected the way… pic.twitter.com/R4sUcAWLQz

— Mike Dudas (⛳️,🏆) (@mdudas) January 9, 2023

According to information by TradingView, $SOL’s latest terms rally started astir 11:00 p.m. UTC connected Sunday (8 January 2023) erstwhile $SOL was trading astir $13.77 and presently (as of 11:05 a.m. UTC connected 9 January 2023) $SOL is trading astir $16.54, which is simply a summation of implicit 20% vs USD. In fact, successful the past 24-hour period, $SOL is up astir 22% vs USD.

Last Friday (6 January 2023), Thomas Dunleavy, Senior Research Analyst astatine Messari, said that $SOL regular progressive wallets had reached 3X pre FTX illness levels:

And Vanessa Harris, Group Product Manager astatine Web3 domain supplier Unstoppable Domains, had a succinct mentation for the caller surge successful involvement successful Solana:

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Featured Image via Pixabay

VC Firm Founder: ‘$SOL up 2x successful 10 Days From the Bottom’, Solana Is ‘Too Strong’

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The views and opinions expressed by the author, oregon immoderate radical mentioned successful this article, are for informational purposes only, and they bash not represent financial, investment, oregon different advice. Investing successful oregon trading cryptoassets comes with a hazard of fiscal loss.

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