{"id":36586,"date":"2024-02-29T21:52:36","date_gmt":"2024-03-01T01:52:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36586"},"modified":"2024-02-29T21:52:36","modified_gmt":"2024-03-01T01:52:36","slug":"solana-on-a-roll-crypto-analyst-predicts-push-to-600","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/29\/solana-on-a-roll-crypto-analyst-predicts-push-to-600\/","title":{"rendered":"Solana On A Roll: Crypto Analyst Predicts Push To $600"},"content":{"rendered":"

Like almost every other crypto token in the market, Solana (SOL)<\/a> 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<\/a>.\u00a0<\/p>\n

SOL To Rise To $600<\/h2>\n

Hansolar mentioned in an X (formerly Twitter) post<\/a> that SOL will rise to $600. This \u201cfun\u201d 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<\/a>. This is because ETH took off when BTC broke into all-time highs (ATHs) during the last bull run.\u00a0<\/p>\n

Therefore, SOL, following a similar trajectory to ETH in the last cycle, might not take off until BTC and ETH break into ATHs<\/a>. Hansolar suggested that SOL\u2019s takeoff will be sparked by retail, stating that there will be a time when these investors buy into the crypto token \u201cas the high beta catch-up play.\u201d<\/p>\n

Hansolar also offered more evidence to suggest that SOL is likely to replicate ETH\u2019s 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 \u201cfun\u201d targets for Bitcoin and Ethereum, stating they will hit $150,000<\/a> and $10,000<\/a> in this bull cycle.\u00a0<\/p>\n

Interestingly, Hansolar\u2019s $600 price prediction for Solana looks very conservative compared to Crypto YouTuber Jake Gagain\u2019s prediction<\/a> that SOL will hit $750. The analyst stated that the crypto token will hit this price level by next year.\u00a0<\/p>\n

Between Solana And Ethereum<\/h2>\n

Crypto analyst Santiago Santos once echoed<\/a> 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 \u201cmeaningful usage and growth,\u201d unlike Ethereum then.\u00a0<\/p>\n

Santos further asserted that Solana would \u201cconverge on Ethereum faster than most believe.\u201d Solana, commonly referred to as the \u201cEthereum Killer<\/a>,\u201d has indeed been on the heels<\/a> of Ethereum as of late. Solana even once surpassed Ethereum in 7-day DEX (decentralized exchange) volume.\u00a0<\/p>\n

The tremendous rise<\/a> in Solana\u2019s network activity is believed to be one of the factors driving SOL\u2019s price and what could push it to hit the $600 mark and possibly $750, like Gagain predicted.<\/p>\n

At the time of writing, SOL is trading at around $124, up over 13% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Like almost every other crypto token in the market, Solana (SOL)<\/a> 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<\/a>.\u00a0<\/p>\n

SOL To Rise To $600<\/h2>\n

Hansolar mentioned in an X (formerly Twitter) post<\/a> that SOL will rise to $600. This \u201cfun\u201d 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<\/a>. This is because ETH took off when BTC broke into all-time highs (ATHs) during the last bull run.\u00a0<\/p>\n

Therefore, SOL, following a similar trajectory to ETH in the last cycle, might not take off until BTC and ETH break into ATHs<\/a>. Hansolar suggested that SOL\u2019s takeoff will be sparked by retail, stating that there will be a time when these investors buy into the crypto token \u201cas the high beta catch-up play.\u201d<\/p>\n

Hansolar also offered more evidence to suggest that SOL is likely to replicate ETH\u2019s 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 \u201cfun\u201d targets for Bitcoin and Ethereum, stating they will hit $150,000<\/a> and $10,000<\/a> in this bull cycle.\u00a0<\/p>\n

Interestingly, Hansolar\u2019s $600 price prediction for Solana looks very conservative compared to Crypto YouTuber Jake Gagain\u2019s prediction<\/a> that SOL will hit $750. The analyst stated that the crypto token will hit this price level by next year.\u00a0<\/p>\n

Between Solana And Ethereum<\/h2>\n

Crypto analyst Santiago Santos once echoed<\/a> 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 \u201cmeaningful usage and growth,\u201d unlike Ethereum then.\u00a0<\/p>\n

Santos further asserted that Solana would \u201cconverge on Ethereum faster than most believe.\u201d Solana, commonly referred to as the \u201cEthereum Killer<\/a>,\u201d has indeed been on the heels<\/a> of Ethereum as of late. Solana even once surpassed Ethereum in 7-day DEX (decentralized exchange) volume.\u00a0<\/p>\n

The tremendous rise<\/a> in Solana\u2019s network activity is believed to be one of the factors driving SOL\u2019s price and what could push it to hit the $600 mark and possibly $750, like Gagain predicted.<\/p>\n

At the time of writing, SOL is trading at around $124, up over 13% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-36586","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=36586"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36586\/revisions"}],"predecessor-version":[{"id":36594,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36586\/revisions\/36594"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36586"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}