I come to you yet again with a Frontier Fortunes trade alert.
Solana, one of the world’s premier blockchains, is now up more than 230%. And as I noted note in a message to you earlier this month, I said we’d be selling half of our position as soon as Solana’s gains cracked he 200% threshold.
My Recommendation: Sell one-half your position in Solana at no less than $172.5
As I write this, Solana is trading at $173.50. At the recommended sale price, we will lock in gains of 230% on half our position.
Doing so means that we will recoup all of our initial investment, plus an additional 65% in profits.
Moreover, we will still have half of our position in Solana working for us as the crypto bull market continues to run.
As I write this, bitcoin has set yet another all-time high north of $73,000. That has caused Solana to pop up more than 14% today alone. We want to sell into what traders call “green-candle strength,” meaning an uptrend on the daily charts charts where green and red “candles” mark an up or down price.
We are still a few weeks away from the bitcoin halving, which will make mining bitcoins twice as hard and, thereby, reduce new daily supply of bitcoin by 50%. That’s happening even as demand for the new bitcoin exchange traded funds (ETFs) is exploding. Indeed, financial-services giant BlackRock has already seen its bitcoin ETF grow to more than $15 billion in assets under management, the fastest run to $15 billion by any ETF, in any asset class, in history.
Rising demand for bitcoin as new supply shrinks is going to cause a liquidity crisis that will see bitcoin’s price race higher. That, in turn, will take the rest of the crypto market along for the ride.
So, we want to continue to hold some Solana for what I suspect will be much higher prices for that coin.
Solana is one of the grand dames of crypto and will very likely become one of the most important blockchains in the world. Transactions on Solana happen at speeds more than 350 times faster than Ethereum, and where Ethereum’s costs are still in the tens or hundreds of dollars per transaction, Solana’s cost is fractions of a penny.
As such, a great deal of gaming, artificial intelligence, and decentralized finance projects are building out on Solana these days. My bet: Solana emerges as the primary transactional layer for the world, meaning all the myriad consumer and business transactions that happen on the blockchain will very likely happen on Solana because of that speed/cost efficiency.
Solana’s last all-time high was north of $260. We’re quickly closing in on that level.
I’m projecting that Solana sees a new high of between $500 and $1,000 before this bull market is over.
Elsewhere in the Frontier Fortunes portfolio, Chainlink is meticulously climbing toward a 200% gain—it’s now up 155%. As soon as we cross 200%, I will send you an alert to sell half.
Finally, I am going to urge you to set aside some of your Solana profits. I’m revamping Frontier Fortunes to make it a more active portfolio. There are so many opportunities emerging in crypto right now that I think a static portfolio is the wrong approach.
We want to take some of these huge profits we’ve racked up with Solana (230%), Render Token (246%), and Shadow Token (333%) and funnel them into projects with brights prospects in gaming, AI, DeFi, and elsewhere…
More on that soon.
