Crypto Analyst Predicts Solana's Potential 870% Surge During Ethereum's Bull Run - Detailed Timeline Inside
According to a highly regarded crypto analyst, Solana (SOL) is poised to approach its all-time high as Ethereum (ETH) initiates its bullish market phase.
In an insightful strategy session, the host of InvestAnswers shares with his vast YouTube following of 446,000 subscribers a bold prediction for Solana's potential surge. According to the pseudonymous analyst, Solana could reach an impressive price of $250, marking an extraordinary increase of over 870% from its current value of $25.75.
The catalyst for Solana's projected rise is believed to be Ethereum's upcoming Cancun upgrade, expected to enhance the scalability of the leading smart contract platform. Blofin, a reputable crypto-financial services firm, predicts that Ethereum could surge to $9,700 after the upgrade, and the InvestAnswers host explains that if Ethereum indeed reaches that level, Solana's price could at least be $250.
Although the InvestAnswers host acknowledges the possibility of Ethereum reaching $9,700, he expresses skepticism about the surge occurring in the near future. Instead, he anticipates such a milestone possibly in early 2025 rather than the first quarter of 2024.
Shifting the focus to Bitcoin (BTC), the anonymous analyst reaffirms his previous forecast of a remarkable 40% surge for the flagship cryptocurrency by early next year.
"I previously mentioned on multiple occasions that I wouldn't be surprised if we see a $42,000 target for Bitcoin sometime between January and April of 2024."
At the time of writing, Bitcoin is trading at $29,804.
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Jul 23, 2023
