Solana (SOL) Bright Prospects: This Analyst Predicts Price Increase in the Next 3 Months

Jakarta, Pintu News – Arthur Cheong, founder of crypto investment firm DeFiance Capital, recently expressed his high optimism for the future of Solana (SOL). In a post on social media platform X, Cheong stated that he had participated in an over-the-counter (OTC) transaction of Solana (SOL) through Galaxy Digital and had received an unlocked token.

Although the initial purchase price was $64 and has already risen, Cheong chose to hold off on selling his Solana (SOL) tokens as he believes there will be a significant price spike in the next three months.

High Confidence in Solana Ecosystem

Arthur Cheong showed great confidence not only in the Solana (SOL) token but also in the ecosystem that supports it. One aspect that came under the spotlight was Jupiter (JUP), a decentralized exchange (DEX) aggregator that currently has the second-highest total value locked (TVL) in Solana after the Jito (JTO) re-staking protocol.

According to data from DefiLlama, these two platforms show significant growth potential within the Solana ecosystem. Cheong believes that with the support of strong infrastructure and continuous innovation, Solana will experience exponential growth. This will have a direct impact on increasing the price of the Solana token (SOL) in the market.

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Effect of Solana Futures Contract

The announcement by CME Group of the launch of two Solana-based futures options on March 17 is also a contributing factor to Cheong’s optimism. According to him, this could trigger a so-called “short squeeze”, where a sharp rise in prices forces traders who are short selling to close their positions, which in turn will push prices higher.

This phenomenon is expected to have a positive impact on the value of Solana (SOL) in the market, given that futures contracts often attract more attention and liquidity to the asset in question.

Market Dynamics and Liquidity

Cheong also commented on the current state of the crypto market, mentioning that while many cryptos have corrected more than 40% in less than two months, the expansion of stablecoin supply has increased dramatically since 2024. With nearly $100 billion in growth, the total stablecoin supply now stands at $221 billion, which represents more than 1% of the US Dollar M2 Money Supply. With liquidity and capital available, Cheong believes that the crypto market will experience a significant uptick when “animal spirits” return, as they often do in market cycles.

Conclusion

With a range of enabling factors, from ecosystem development to futures initiatives, as well as sufficient market liquidity conditions, the future of Solana (SOL) looks very promising. Investors and market watchers may want to keep an eye on further developments, as Solana (SOL) has the potential to become one of the fastest growing crypto assets in the coming years.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Daily Hodl. Investor Arthur Cheong Predicts Solana (SOL) Will Soon Be Substantially Higher – Here’s His Timeline. Accessed on March 3, 2025
• Featured Image: Reddit