Peter Brandt believes Solana (SOL) may rally significantly, predicting a rise to over $500, which is more than double the expected return of Ripple (XRP). He highlights the formation of a bullish cup and handle pattern that suggests a potential 195% increase from its current price of $177.
Brandt’s positive outlook is supported by MVRV metrics, indicating further growth for SOL before it hits local peaks. Recent data shows an increase in wallets containing over 1,000 SOL, signaling market accumulation which could lead to a significant price rally.
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