A popular crypto analyst, leading altcoin EthereumHe envisions a massive rally for Solana, one of ETH’s biggest rivals.
The anonymous server of InvestAnswers told 444,000 YouTube subscribers that the rapid adoption of smart contract platform Solana could send SOL back to an all-time high of $259.65.
“I believe Solana is trading at less than 1/16th of Ethereum’s market cap, but it has been so widely adopted and has made many trades that I think it’s a stunning value. I also believe that ETH will reach at least 20% of its market value in the very near future.
As the market recovers, I believe Bitcoin (BTC) will recover first, then Ethereum, and then when they rally, the money will be transferred from those who rally to those who haven’t rally yet. This will be Solana and this altcoin could go very high and yield 825% returns. So basically you only make 3x more money by investing in Solana than Ethereum, but it’s riskier. This is the situation we are in right now.
Any chance of it returning to its all-time high of $260? My answer is yes, I believe that. If they continue to succeed, if they get out of mainnet beta, if there are no more disruptions, if they fix all their problems, adoption will increase. But there is competition. And we have new names like Aptos (APT), I think part of the reason for the weakness in layer-1s last week was APT, the so-called ‘LEFT killer’.”
Koinfinans.com As we reported, at the time of writing, Solana is trading at $ 28.24.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.