When a widely followed crypto analyst kicks off the Ethereum (ETH) bull market wither (SOL) will approach all-time highs.
The host of InvestAnswers tells 446,000 YouTube subscribers in a new strategy session that SOL could go up to $250, an increase of over 870% from its current price of $25.75.
According to the analyst, the rise of SOL is most likely EthereumIt will be triggered by the Cancun upgrade. This upgrade is expected to further increase the scalability of the leading smart contract platform. The InvestAnswers server cites a forecast by Blofin, a crypto-financial services firm, that predicts Ethereum will rise to $9,700 after the update.
According to Blofin, they predict that after Ethereum’s Cancun update, the price could exceed $9,700 per ETH in the first quarter of 2024. And of course this is their most optimistic scenario…
NEWS CONTINUES BELOWThe next question is always, “So what will be the price of Solana if Ethereum hits $9,700?” is happening. I calculated for you. If ETH reaches $9,700, it will be at least $250.
Note that $9,700 is more than 5x from where it is now and of course Solana will rise faster than ETH then.
NEWS CONTINUES BELOW
While the InvestAnswers host believes that Ethereum can rise to $ 9,700, he does not think that this increase will occur in the coming months.
It’s great to see $9,700 ETH. Maybe we’ll see you at the bull run. I doubt we’ll see this in the first quarter of 2024, but maybe in early 2025.
Looking at Bitcoin (BTC), anonymous analyst, flagship crypto- reiterates its forecast that its asset will rise more than 40% from current levels by early next year.
I’ve said it many times a few months ago, I wouldn’t be surprised if we have a $42,000 Bitcoin target between January and April of 2024.
bitcoin At the time of this writing, it is trading at $29,804.