The CEO of an international crypto company this week urged investors not to miss what he believes is the best trade opportunity for 500%+ that has emerged on Solana (SOL) in the months to come. He predicts that the price of Bitcoin will hit a new all-time mark, and the asset’s value will explode in the opposite direction. This is similar to the reaction Ethereum had two cycles earlier.
Max from the research firm Because Bitcoin foresees There are striking similarities between the current Solana charts and ETH’s equivalent levels in prior bullish macro-regimes.
As Ethereum stagnated, before it exploded thousands of percent as Bitcoin peaked he predicts a violent response for SOL.
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Max examines Ethereum’s rise in the face of BTC 2020’s breakout
Max cites Fibonacci analyses to highlight Ethereum’s historic rally from Bitcoin’s breakthrough point of 2020, to tag the textbook 3,61 extension levels months later when momentum shifted.
According to his estimation, if conditions were favorable, he would expect the same vertical parabolic trend from where Solana currently trades, which could bring prices as high as $900.
Max claims that even though there are gains to be made on most of the major cryptos, the risk/reward opportunity still favors SOL accumulation while the rate is being reduced in preparation for Bitcoin’s stimulus.
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By his assessment, the best truly lies ahead for anyone with conviction in Solana beyond the short-term distractions dominating 2023 so far – to the tune of up to 500% gains on the table.
As per CoinGecko Data shows that Solana SOL was up by 24 % in the seven most recent days. In addition, Solana SOL has seen a 30% increase in price over the last thirty days. Solana is currently up 500% year to date, according to the latest figures.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru
