Solana On A Roll: Crypto Analyst Predicts Push To $600

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	81,789,013,516	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

81,789,013,516

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3.53	1.93%	186.57	186.57	186.58

Price Change

Price Change %

Current Price

Bid Price

Offer

3.53

1.93%

186.57

186.58

High Price	Low Price	Open Price	Prev. Close	52 Week Range
187.36	181.32	182.55	183.05	17.34 - 210.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

187.36

181.32

182.55

183.05

17.34 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:10:03	0.540000	186.57	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:10:03

0.540000

186.57

USD

Price x Volume	Volume	Base Symbol	Related Pairs
67,568,973.30	366,049.44	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

67,568,973.30

366,049.44

Solana On A Roll: Crypto Analyst Predicts Push To $600

29/02/2024 9:00pm

NEWSBTC

Like almost every other crypto token in the market, Solana (SOL) is enjoying a rally of its own, rising to nearly $125 in the last 24 hours. Interestingly, this looks like only the beginning of good things to come for the crypto token, as crypto analyst Hansolar predicts that it could run massively in this bull cycle. SOL To Rise To $600 Hansolar mentioned in an X (formerly Twitter) post that SOL will rise to $600. This “fun” target was laid on the premise that SOL could be the new ETH this cycle. Assuming this is the case, the analyst expects SOL to take off later than BTC and ETH. This is because ETH took off when BTC broke into all-time highs (ATHs) during the last bull run. Related Reading: MicroStrategy’s Bitcoin Holdings Balloons Above $10 Billion, Here’s How Much Profit It Has Made Therefore, SOL, following a similar trajectory to ETH in the last cycle, might not take off until BTC and ETH break into ATHs. Hansolar suggested that SOL’s takeoff will be sparked by retail, stating that there will be a time when these investors buy into the crypto token “as the high beta catch-up play.” Hansolar also offered more evidence to suggest that SOL is likely to replicate ETH’s run in the last bull cycle. He stated that the crypto token was currently at around 50% from its ATH, similar to how ETH was around the 50% mark as BTC was nearing its ATH in the last cycle. Meanwhile, Hansolar offered “fun” targets for Bitcoin and Ethereum, stating they will hit $150,000 and $10,000 in this bull cycle. Interestingly, Hansolar’s $600 price prediction for Solana looks very conservative compared to Crypto YouTuber Jake Gagain’s prediction that SOL will hit $750. The analyst stated that the crypto token will hit this price level by next year. Between Solana And Ethereum Crypto analyst Santiago Santos once echoed similar sentiments to Hansolar when he drew a comparison between Solana and Ethereum, noting that the former is going through what the latter did during the ICO boom. He, however, suggested that Solana would perform way better than Ethereum, as it is seeing “meaningful usage and growth,” unlike Ethereum then. Related Reading: Renowned Economist Says Bitcoin Isn’t Digital Gold, Then What Is It? Santos further asserted that Solana would “converge on Ethereum faster than most believe.” Solana, commonly referred to as the “Ethereum Killer,” has indeed been on the heels of Ethereum as of late. Solana even once surpassed Ethereum in 7-day DEX (decentralized exchange) volume. The tremendous rise in Solana’s network activity is believed to be one of the factors driving SOL’s price and what could push it to hit the $600 mark and possibly $750, like Gagain predicted. At the time of writing, SOL is trading at around $124, up over 13% in the last 24 hours, according to data from CoinMarketCap. SOL price at $128 | Source: SOLUSD on Tradingview.com Featured image from U.Today, chart from Tradingview.com

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SOLUSD Solana