The Rise, Fall, And Rise Of Solana
Solana $SOL is up almost 900% this year. In the beginning of October it was trading in the low $20 range, by Halloween 🎃 it was trading at $38. By Thanksgiving 🦃 it was up to $58, and on Christmas Day 🎅 it hit a high of $121.08.
This is not the first bull run Solana has experienced. In 2021 it shot up from $2 in January to a high of $249.97 in November. This was during the 2021 Crypto and NFT bull run. However a year later in November of 2022 Solana was back in the $15 range.
Many crypto influencers, projects, and X (twitter) users either abandoned $SOL or danced on its grave. However there were a few that “held the line” and kept their Solana torch burning even during the darkest of times for the cryptocurrency. There is one whose torch shined the brightest, and that is why “a dog on the internet” is the king of Solana.
Who Is EasyEatsBodega?
“Easy” (@EasyEatsBodega on X) claims that he’s “just a dog on the internet”, however he is so much more than that. Easy started trading equities on a custodial account (shout out to Easy’s dad). However Easy was always a true degen at heart, and ended up turning $15K to $500K leverage trading crypto from the ages of 16-18. He ended up losing all of it in one day (the day after Christmas) in true degen fashion off of an overexposed trade that zeroed out his account. In the years since then he educated himself in proper trading techniques in crypto, forex and more.
Easy loves trading, but his main focus nowadays is on the NFT Space. He hosts X Spaces at 8AM and 5PM on a regular basis where he talks about Solana, crypto and NFTs. He is also partnered with Nifty Portal, an NFT Media juggernaut, and is on their 9AM EST Show every Monday-Friday. Whether it’s on these shows, on X, or any of his other social media platforms Easy has been telling everyone why Solana is the future of Cryptocurrency. When Solana was trading at $10, Easy was bullish long term. When Solana crashed from $249 to $15, Easy was bullish long term. No one is more deserving of the title of “King of Solana” than that dog on the internet.
Easy is also the founder of BoDoggos ($1K+ floor price). Easy always rocked a PFP of a dog, and loved posting about his own dogs as well. Just recently he launched BoDoggos NFT, a project consisting of 8702 “members of the pack”. They have a huge social media following, and almost single-handedly breathed life back into Solana on NFT/crypto Twitter.
Passing Of The Crown
When Solana was at its peak Frank DeGods was The Man when it came to the Solana ecosystem. His Solana based NFT project “DeGods” had a floor price in the $15K-$20K range, everyone on NFT/crypto twitter was rocking a Degods, and those who weren’t were still talking about them. He then launched a second project on Solana called “y00ts” which was just as successful. During the crypto and NFT crash, $SOL started to fall harder than more stable currencies like $ETH (Ethererum) or $BTC (Bitcoin), and Frank made the decision to take both his projects off of Solana and onto Ethererum, Polygon and Bitcoin. Since then both projects floor prices have seen significant decreases, DeGods went from $15K to lows of $5K. Frank is known for his saying “we tried some sh**, we learned some sh**, now we’re trying some new sh**”. There are few people in the space as innovative as Frank, so I for one am excited to see what he pulls out next.
How Our Exclusive In-House Analysts Are Trading $SOL
We are basing our analysis and levels using a monthly and quarterly timeframe. High timeframe levels, with a 4H timeframe we use to take entry on. -BTC_Jay
Ways We Can Play Solana
- Enter upon a break above $122.77 - stop loss $100 target $150+
- A move below $75.35 - then enter upon a 4H candle close back above $75.35 - stop loss $60 target $100+
- A move below $48.38 - then enter upon a 4H candle close back above $48.38 - stop loss $35 target $75
