Top 10 Altcoin That’s Exploded More Than 6x Year-to-Date Could Surge by Additional 360%: InvestAnswers - The Daily Hodl
The Daily Hodl
17 Nov 2023 3:30 PM
A widely followed crypto analyst believes that a key metric indicates Ethereum (ETH) competitor Solana (SOL) could keep soaring to three figures....
- A crypto analyst believes that Solana (SOL) could surge another 388% from its current value.
- Solana's dominance (SOL.D), a measure of its market cap as a share of the entire crypto market, has hit a historically significant level of 2%.
- Previous instances of SOL.D hitting 2% were in September 2021 ($181), October 2021 ($190), and March 2022 ($131).
- The trader predicts Solana could reach as high as $290, with a bear case of $151.
- Solana opened the year at $9.99 and is currently trading at $59.37, a gain of over 494%.
- SOL.D has retracted to 1.84% at the time of writing.
The sentiment of the article is positive, as the analyst believes that Solana has the potential to continue its upward trend.
You May Ask
What is the key metric that indicates Solana's potential for further growth?What were the previous instances of Solana's dominance hitting 2%?What is the trader's price prediction for Solana?How much has Solana's value increased since the beginning of the year?What is the current level of Solana's dominance?