Salana in 2023 had a key event that Caused Solana's price to Triple in less Than 2 months and we are days away from This key event from repeating so what is This key event and why is there an Altcoin on salana that could 50x off the Back of this news well the key event is Salana breakpoint and we are days away From salana breakpoint 2024 from Happening now analysts are saying we Could rally as this conference Approaches and we're seeing some things That makes it seem like we are about to Rally we just witnessed the highest Single day daily active address growth On its Network meaning the daily Deion Those who are using salana daily just Got the biggest growth ever now salana Historically rallies prior to the salana Breakpoint conference well this is what I found interesting yes we have rallied In 21 22 and we had a nice rally in 23 We rallied about 50% but I'm not worried About the rally of 50% I'm worried about The rally after the fact look at this You can see salana tripled and almost Quadrupled in 58 days and it pumped 550% over the next few months now if I Had to give you a little bit of a Warning it is going to cool down it's Not just going to pump 300% like there's No tomorrow it's going to have some Resistance it looks like it could hit Its first resistance around
$163 well let's look at the charts we Have been trading in a parallel channel For a while and this resistance area is Right around 163 so right now we're Getting pretty close to retesting the Bottom you can see we di below last time And then 163 is going to be where you Have your first place of resistance now Let's talk about breakpoint again Breakpoint always the gold mine for Alpha and early insights in fact we had An altcoin do a 400x after their Presentation last year bobo. Soul he Ended up reviewing the entire speakers Panel and he's identified some projects That he is very bullish on and I've Identified my two favorite number one is Going to be Jupiter exchange Jupiter Exchange is going to be the Unis swap of Salana now they're going to host various Community events during breakpoint the Key note speech by the co-founder is Probably going to get the most attention Last year they announced the airdrop This year expect another major reveal Potentially the mobile app if Jupiter Gets a mobile app Jupiter is going to Probably run away and just take the lead With salana dex's but I did a little bit Of a deeper dive we're looking at defi Llama here and you can see Jupiter Actually leading the way in total value Lock they are the number three protocol On all of salana when it comes to tvl
Now Jupiter you look at the price trend It seems like we may have found some Support finally found a little bit of a Trend line here you know maybe Potentially even a rounding bottom but The reason I'm bullish on Jupiter is Just the potential upside right now you Can see its market cap is below $1 Billion and when I look at its peer Unis Swap now Unis swaps on ethereum Unis Swap in 2021 had a valuation over 20 Billion and Jupiter is under 1 billion And I think Jupiter could potentially Hit $10 billion this cycle and so you're Looking at potential 10x for Jupiter Here and I wouldn't be surprised if we Get kind of close to even $10 but Dey You said there's an altcoin that could 50x what is that altcoin and why can it 50x well I'm talking about Camino and Fabiano is bullish on it as well it's in A very good even comfortable situation To become the absolute defi Hub on Salana he's very bullish on Camino and So am I and it's token they're non-stop Grinding to make defi better now the Founder Y 2 Kappa is actually the Co-founder he is going to be on the main Stage and I'm very bullish on the fact That they're just going to have a lot of Attention on them over this weekend and If we click on his profile here you can See Camino just posted hours ago that They do have a booth they have they're
Right there at the base camp and they Have the main stage on Saturday so all Eyes are going to be on them but Camino Was also very bullish on defi llama now Defi llama is just showing you all the Stats of defi on crypto and right now We're looking at salana and Camino is Leading the way at least by tvl but also They're doing a not terrible job at fees Collected and revenue over the past 24 Hours you can see they're Leading The Way of every salana project when it Comes to their 24-hour Revenue they Pulled in $30,000 and if you look at Camino Camino Is dumping right now the markets are red You know bitcoin's just kind of dragging Down all the alts here and I'm so Bullish on Camino I'll go ahead and I'll Throw in to salana ater right now I'm Just going to DCA into 5,000 Caminos This isn't sponsor anything saying I'm Just bullish on the project I want to Show you how bullish I am and boom Transaction confirmed and just like that I'm now a Camino holder and one of the Reasons I'm so comfortable just aping Into a buy if you look at its market cap It is only worth $76 million so you had Unis swap it reached a valuation of $20 Billion Jupiter at its all-time high hit A valuation of $1.75 billion and Camino Sitting at 76 million just seems a Little undervalue to me and I just want
To end with this salon a chart right Here I am very bullish on salana even Though the chain may have cut off a few Times in 2021 I see the price action That we're in right now and I see the Price action we were in right before the Runup before the Bull Run really kicked Off for altcoins and I think we're in That area where altcoins are going to Have a huge rally we're just kind of Setting it up and you look at some of The trading pairs salana is looking very Bullish and so now is not the time to Get out of the salana ecosystem I would Keep an eye on Jupiter and I would Definitely keep an eye out on Camino I'm Bullish on both those projects I'm Bullish on salana as well and I'll see You and your salana bags at the top
