SOL likely to hit year-end highs, Microstrategy unrealized gains surpass $10 billion.
According to The Block, Geoff Kendrick, head of digital asset research at British banking giant Standard Chartered, said, “Bitcoin (BTC) has broken through $80,000. BTC price will easily surpass $100,000 by the end of the year and could reach $125,000 by January, when President-elect Donald Trump is sworn in.” “Driven by BTC's rally, Solana (SOL) could break its all-time high of $260 before the end of the year, while Ethereum (ETH) could break its all-time high of $4,866 next January.” Meanwhile, SOL's market capitalization briefly surpassed $100 billion earlier today. Currently, SOL is trading up 5.81% at $210.82 on CoinMarketCap, with a market capitalization of $99.3 billion.
Meanwhile, MicroStrategy's unrealized gains on its BTC holdings hit $10 billion, according to LookOnChain, as the price of BTC surpassed $80,000. MicroStrategy currently holds 252,220 BTC ($20 billion), with an average bid price of $39,266.
