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The Daily Hodl
The Daily Hodl
Bitcoin Could Skyrocket by up to 190% in 165 Days, According to InvestAnswers – Here’s His Outlook - The Daily Hodl
20 days ago
Crypto_Awad
Crypto_Awad
followers

Absolutely Feasible’ for Solana To Explode by Over 220% Going Forward, Says… ♨️♨️♨️♨️♨️♨️♨️♨️♨️ Posted on December 25, 2023 A widely followed crypto analyst says that another rise of over 3x is in the cards for one red-hot altcoin that has already skyrocketed about 1,000% since the start of the year. In a new video update, the anonymous host of InvestAnswers tells his 461,000 YouTube subscribers that the smart contract platform Solana (SOL) could still see a significant price rise going forward. According to the strategist, he sees Solana’s dominance rising to 3% and the total market cap of crypto ascending to $5 trillion. SOL dominance is a metric that tracks how much of the total crypto market cap belongs to the Ethereum (ETH) rival. The analyst notes that Solana’s growing dominance combined with the rising total crypto market cap could mean that SOL may hit a price tag well above $300. “SOL dominance it’s already at like 2.4%, 2.5%. Could it hit 3%? Yes – if that’s the case, 3% of 5 trillion is $150 billion, which takes the price of Solana to $363. Well, I’m going to back that number with another metric as well. If you asked me a year ago when SOL was at $8 [if] would it hit $363, [I’d have] said you’re crazy. Now, it’s absolutely feasible.” Looking at another metric, the analyst says that if SOL’s share of Ethereum’s market cap rises to just 20%, it would translate to a price target of $366 for Solana. “$366 is very similar to $363 which is based on 3% of crypto market dominance at a $5 trillion total valuation. So it’s interesting how those two are almost bang on. That’s why it’s always been there in my calculations since 2021 as an easy hurdle to achieve.” Solana is trading for $110.40, a decrease of more than 2.60% in the last 24 hours. A move toward the analyst’s price target suggests an upside potential of more than 228% for SOL. $SOL

2 months ago
宇宙区块观
宇宙区块观
followers

Solana (SOL) Price Prediction: The Boldest SOL Price Prediction Solana is undoubtedly one of the most exciting crypto projects of 2023. Despite the struggles, Solana has had an impressive year and could end the year on a high note. SOL is currently ranked sixth with a market capitalization of $298,927,136,370 and a trading volume of $1,759,868,491. The above statistics confirm this article's initial assertion about SOL's market activities this year. Aside from the coin’s market variables, most crypto analysts remain highly optimistic about the coin’s future price movement. Solana future price trajectory based on expert assertions BitMEX exchange co-founder Arthur Hayes has predicted an upcoming altcoin bull run. According to Hayes, this bull run will be led by Solana’s (SOL) potential to break $100. It’s worth noting that the last time SOL touched the $100 price mark was in April 2022, which seems like a long time ago. However, if the current market action is to hold up, it could soon become a certainty for this cryptocurrency. At the same time, InvestAnswers, another well-known cryptocurrency price prediction expert, pointed out that Solana has a chance to occupy a certain proportion of Ethereum’s market capitalization in the next bull run. InvestAnswers claims that if SOL captures 10% of Ethereum’s (ETH) market capitalization, its price could surge to $231. If it reaches 20% of Ethereum’s market capitalization, SOL could reach its target of $453. Shocking Solana Price Prediction Other experts are more optimistic, stating that Solana (SOL) may be on the verge of setting a new all-time high price. User Crypto King believes that SOL may eventually reach $300, while Canfield predicts that Solana price will reach $1,000. Canfield also recommends investors to diversify and invest in both Ethereum and Solana. "There's no reason not to own both. It's like wanting to bet on Microsoft or Google. Tesla or Ford. Just buy both," he wrote. Why has Solana performed so well all year? According to the price chart on CoinCodex, Solana (SOL) was trading at $9.93 in January 2023. Interestingly, SOL rose sharply between January and September, trading between $20 and $30, reaching $28 in July.High point of $51. Notably, after reaching a price of $28.51 in July, the crypto asset fell to $19 in September. October marked the beginning of SOL price action as it broke above $30 and has never returned to lower price levels since. It formed an upward trajectory that took it to the $75.30 price level in December; unless there is no significant growth before the end of the year, this $75.30 will go down in the history books as SOL's 2023 high. Solana reached its peak in November 2021, when it sold for $259.52. The current price situation for SOL suggests that the coin must rise by approximately 271.22% to recapture its highs. What will happen in the future remains to be seen. For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list! #SOL/USDT📉

2 months ago
Coinstages
Coinstages
followers

Solana (SOL) is undoubtedly one of the most exciting crypto projects in 2023. Despite all odds, Solana has been impressive this year and will likely conclude the year remarkably. SOL’s selling price at the time of drafting this report is $69.91. It is currently ranked the sixth largest cryptocurrency, with a market cap of $29,892,713,637 and a trading volume of $1,759,868,491. The statistics above corroborate the initial assertion in this insight on SOL’s remarkable market activities this year. Aside from the coin’s market variables, most crypto analysts remain highly bullish about the token’s future price movements. Solana (SOL) Future Price Trajectory Based Experts Assertions Arthur Hayes, the co-founder of BitMEX exchange, predicted an imminent bull season for altcoins. According to Hayes, the rally would be championed by the potential of Solana (SOL) to break above the $100 price level. Notably, the last time SOL touched the $100 price mark was in April 2022, and this might seem a long time ago. However, should present market actions persevere, revisiting $100 soon will become a certainty for the cryptocurrency. Meanwhile, InvestAnswers, another renowned cryptocurrency price prediction expert, noted that there are chances Solana could capture some specified Ethereum’s market cap value in the next bull run. InvestAnswers claimed that should SOL capture 10% of the Ethereum (ETH) market cap, its price could skyrocket to a $231 price high. If it reaches 20% of Ethereum’s market cap, then a $453 price target becomes attainable for SOL. The Outrageous Solana (SOL) Price Prediction Other experts have been even more optimistic, suggesting that Solana (SOL) could be on the verge of hitting a new all-time high price.  The X user Crypto King believes that SOL might reach $300 in the long run, whereas Canfield predicted a $1,000 Solana price. Canfield also advised people to diversify and invest in both Ethereum and Solana. He wrote: “No reason not to have allocations to both. It’s like trying to bet on Microsoft or Google. Tesla or Ford. Just buy both.” Why Solana (SOL) Has Been Impressive Throughout The Year? According to the price chart on CoinCodex, a renowned crypto assets tracking outlet, Solana (SOL) traded at $9.93 in January 2023. Intriguingly, between January and September, SOL rose dramatically to trade between $20 and $30, attaining a maximum price of $28.51 in July. Notably, after reaching the $28.51 price in July, the crypto asset declined to $19 in September.  October marked the beginning of remarkable price actions for SOL as it broke through $30 and has never revisited the lower price levels ever since. Rather, it formed an upward trajectory that saw it attain a $75.30 price level in December; barring any significant increment, this $75.30 will go down in the history book as SOL 2023 high if not surpassed before the year ends. Solana attained its ATH in November 2021, when it sold for $259.52. Current SOL’s price standings indicate that the token must spike by approximately 271.22% to reclaim its ATH. It is left to see what ensues in the future. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Solana📈🚀🌐 #SolanaDeFi $SOL

2 months ago
Coinstages
Coinstages
followers

A popular crypto analyst is laying out his timeline for Bitcoin (BTC) to surge to a new all-time high. In a new YouTube video, the anonymous host of InvestAnswers says $100,000 is an “easy, achievable target” for the king crypto during its next bull run. The InvestAnswers host says Bitcoin hitting $45,000 before Christmas is looking “extremely obvious,” and notes that it could very likely hit $50,000. The trader calculated that it took an average of 175 days from Bitcoin’s past three past halving dates for the top crypto asset to reach new all-time highs. With Bitcoin projected to reach its next halving on April 17th, the analyst notes that 175 days after that would be October 8th, 2024. “I believe, based on history, Bitcoin will hit $69,000 before October 8th. In fact, I believe it’s going to happen a lot before that. I think we could be seeing absolutely crazy times.” The InvestAnswers host, citing a chart from crypto market intelligence firm K33 Research, notes that Bitcoin is recovering faster than it did during past cycles. “I added a green arrow to highlight where we are in the cycle. We are higher and we got there faster than previous cycles. [I’ve been] saying for months. This is a real and compelling narrative we have. Bitcoin bull run is incredible.” Bitcoin is trading at $43,828 at time of writing. The top-ranked crypto asset is up more than 164% since the beginning of 2023 but remains around 36% down from its all-time high of more than $69,000, which it hit in November 2021. Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BTC #Bitcoin $BTC

3 months ago
CryptoTalks
CryptoTalks
followers

🚨 ATTENTION 🚨 🚀🔥BREAKING EVENING NEWS 🌆🌙😨 📈 🔥Check below🔥 📈Crypto Analyst Lays Out Timeline for New Bitcoin All-Time High as BTC Records Rapid Recovery From Lows. A popular crypto analyst is laying out his timeline for Bitcoin (BTC) to surge to a new all-time high. In a new YouTube video, the anonymous host of InvestAnswers says $100,000 is an “easy, achievable target” for the king crypto during its next bull run.💹 📈A closely followed crypto analyst says that Ethereum (ETH) rival Solana (SOL) is gearing up to continue its rally to the upside. Pseudonymous crypto strategist Altcoin Sherpa tells his 200,700 followers on the social media platform X that he believes the smart contract platform will go much higher in the future, however, he warns traders of an upcoming dip after FTX’s supply of SOL floods the market.💹 📈Bitcoin Network Gridlock Spreads to Another Altcoin Network: Developers Make Official Statement. The network congestion experienced in the Bitcoin network due to inscriptions has begun to be seen in other altcoin networks as well.💹 📈Bitcoin Whales Driving The Rally Are Now Taking Profits, Data Suggests. Data shows that the Bitcoin whales that may have been helping drive the latest rally have switched to profit-taking instead.💹 📈Ripple Progresses to First Stage of Stablecoin Project in Palau.💹 Dont forget to follow #CryptoTalks for more BREAKING NEWS 💸🔥

3 months ago

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