InvestAnswers is a YouTube channel (444,000 subscribers) that talks about finance, especially cryptocurrency. Recently, a video about Solana (SOL) cryptocurrency was posted on the channel. In the video, the channel’s director explained what Solana’s quick adoption could lead to. Check out what he said about the future price of SOL.
Solana (SOL) may go for $259.65
Cryptoanalyst in charge of the recent InvestAnswers series and expectin a video, up 825% in favor Solana (floor). He said Ethereum’s main competitor could regain its historical peak $259.65. According to the analyst, the platform Smart contracts Solana is seeing rapid adoption, and that could put the SOL code back at an all-time high.
“I think given that Solana trades at less than 1/16th of the market cap of Ethereum, but is also widely accredited and transacts a lot, it’s an amazing value, and I really think it’s going to rise to at least 20% of the ETH market cap in the very near future.said the head of InvestAnswers.
However, for the cryptanalyst, there is A number of conditions that must be met For Solana (SOL) to return to an all-time high of over $260. In fact, the coding team will have to make sure the platform gets out of beta. It is also imperative that there are no more outages and that all Solana network problems are resolved.
Soon the end of the bear market?
A crypto analyst at InvestAnswers has indicated that the crypto market is going to rebound. according to him, Bitcoin (BTC) will be the first cryptocurrency to rebound. Then comes Ether (ETH). Once these two cryptocurrencies follow an upward trend,The money will be transferred from the runners to those who have yet to run“.
The cryptocurrency analyst noted: “It will be Solana, which can hit very high and which will yield 825%. So you make 3 times more money than you invest in Solana just compared to Ethereum, but this is riskier. That’s where we are“.
According to InvestAnswers, if Solana’s team fixes all network issues, adoption will continue. Solana (SOL) encryption can then be easier to restore Its all-time high is $259.65. In the meantime, know that SOL is currently trading at around $30.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.