Crypto Analyst Predicts 825% Rally for Top Ethereum (ETH) Competitor on Back of Rapid Adoption

Crypto Analyst Predicts 825% Rally for Top Ethereum (ETH) Competitor on Back of Rapid Adoption

Alt coin
October 25, 2022 by keithhill530
102
[ad_1] A popular crypto analyst is predicting an exponential rally for one of Ethereum’s (ETH) biggest competitors. The anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the rapid adoption of smart contract platform Solana could be the fuel that sends SOL back to its all-time high of $259.65. “I believe considering that Solana trades
crypto-Back-of-Rapid-.jpg

[ad_1]

A popular crypto analyst is predicting an exponential rally for one of Ethereum’s (ETH) biggest competitors.

The anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the rapid adoption of smart contract platform Solana could be the fuel that sends SOL back to its all-time high of $259.65.

“I believe considering that Solana trades at less than 1/16th of the market cap of Ethereum, but it’s as widely adopted and does a lot of transactions, I think it’s a screaming value, and I do believe it’ll at least go to 20% of ETH’s market cap in the very near future.

And as the market rebounds, I believe Bitcoin (BTC) will rebound first, Ethereum second, and then once these things run, the money will transfer from the runners to the ones that haven’t run yet. And that’ll be Solana ,and then that could go very high and that would be 825% return. So basically you’re only making 3X the money investing in Solana than you are with Ethereum, but it’s riskier. And that’s where we are.

Does it have a chance of going back to its all-time high of $260-plus? The answer is, I believe so. If they continue to execute, if they get out of mainnet beta, if they have no more outages, solve all their problems, the adoption should continue. But there is competition. And we do have new names sucking the oxygen out of the room like Aptos (APT), which I believe is part of the reason for the weakness in the layer-1s last week, the so-called ‘SOL killer.’”

At time of writing, Solana is trading hands at $28.38.

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE-2



[ad_2]

Source link

Add a comment

You have not selected any currencies to display