Solana’s Price Set To Soar 870% Amid Ethereum’s Bull Run – Analyst

A well-known crypto analyst predicts that once Ethereum (ETH) enters its bull market, Solana (SOL) will approach its all-time high.

The presenter of InvestAnswers just shared a new trading method with his 446,000 YouTube subscribers, predicting that the price of Solana may rise to $250, an increase of more than 870% from its current price of $25.75.

The unnamed expert claims that the top innovative contract platform Ethereum’s Cancun upgrade, expected to improve its scalability substantially, would likely motivate Solana’s surge. The host of InvestAnswers notes a forecast produced by Blofin, a cryptocurrency financial services provider, that predicts Ethereum would increase to $9,700 due to the update.

According to Blofin, the price of Ethereum might hit $9,700 per ETH in the first quarter of 2024 with the Cancun update. Of course, that is their rosiest scenario.

The following query is always, “Well, what is the price of Solana if Ethereum goes to $9,700?” According to calculations, if the price of ETH reaches $9,700, it will be at least $250.

Remember that $9,700 from where it is currently is over a 5x increase and that Solana will increase more quickly at that time than ETH.

The presenter of InvestAnswers thinks Ethereum might increase to $9,700, but he doesn’t anticipate the rise to occur soon.

Wonderful to see $9,700 in ETH. They might find out during the bull run. They have doubts it will happen in 2024’s first quarter but in early 2025.

The unknown analyst, looking at Bitcoin (BTC), reiterates his forecast that the leading cryptocurrency asset will climb by more than 40% from present levels by early 2019.

In their own words, they stated, “I did say many times a few months ago, I would not be surprised if we had a $42,000 Bitcoin target by somewhere between January and April of 2024.”