Solana Sees Bullish Turnaround, Hits Record RWA Ecosystem

Crypto analyst Ansem believes Solana has already formed its cycle bottom and could climb to $600 during the current market cycle.

Ansem, who entered the market in 2017, pointed out that Solana repeatedly rewards investors after periods of extreme pessimism. He cited the network's recovery following the FTX collapse as an example.

According to Ansem, today's market looks similar to past cycles, with Bitcoin down about 50% from its all-time high and Solana down around 75% from its peak.