It was an increasingly volatile year for cryptocurrency traders, but on Monday there was a major shift. As the market gets better, there are plenty of tokens with a bright future. Among them is Solana, who bets that Solrock traders will reach the $200 mark by June.
Solana Traders is purchasing Sol’s $200 call option, which expired on June 27th. Certainly, it reinforces the belief that assets will continue to grow and continue to increase the wave that has become one of the best performing cryptos to date.
Do Solana Block Traders expect to see its $200 mark by June?
On Monday, the US and China eased tensions with a massive tariff suspension agreement. In fact, both sides agreed to halt the 90-day import tax hike, sparking the belief that trade contracts could soon be on the horizon. The announcement was huge in the US stock market, pushing the S&P 500 to two months’ height.
It also generally increases clarity in financial markets. It should be beneficial for the cryptocurrency sector, with many assets trying to find expanded momentum. One of the tokens that many people expect a surge is Solana, and block traders will buy an on-call option for Sol to reach $200 by June.
According to Coinmarketcap, Solana traded at under 0.2% on Monday at the $171 mark by noon. However, it reversed the 17% increase that took place in the last seven days, but Sol rose more than 32% last month. These increases are not expected to halt, according to block traders or those who implement large trading orders outside of counters and civil servants.
Since April 17th, Solana has risen 85%, surpassing Bitcoin Jump by over $103,000. According to a report from Coindesk, the life-long quarters on June 27 are grasped by these traders. This move shows that faith is on the rise in Solana and if they are right, it should remain one of the best performance tokens of the year.