Ethereum

Solana

<div class="dailyhodl">
 <p>A closely followed crypto analyst says that traders may be underestimating Solana’s (SOL) potential in the next bull market.</p>
 <p>In a new strategy session, the host of InvestAnswers says that his base-case thesis for SOL is that it should reach 10% of Ethereum’s (ETH) market cap during the next market expansion.</p>
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 <p>Under the presumption that Ethereum tops out at $8,000 in the next bull market, the analyst theorizes that if Solana were to reach 10% of ETH’s market cap, which it already hit in the past, it would imply a $231 price target for SOL.</p>
 <p>However, InvestAnswers says that SOL reaching 20% of ETH’s market cap isn’t completely out of the realm of possibility.</p>
 <p><em>“If – which has always been part of my thesis – if Solana goes to 20% of the ETH market cap, that would take us to a $192 billion [market cap], and, given today’s prices and the number of tokens, that would take the price to $461, and that would be an ROI (return on investment) of 2,038%, and that would only be 5%, approximately of the crypto market cap. So, it’s not beyond the realm of possibilities at all. </em></p>
 <p><em>But what’s even more strange is we got above the 10% threshold already in the past.&nbsp;</em></p>
 <p><em>This is the SOL upside chart… You can see here the yellow line is the 10% of ETH market cap, and the Solana price in blue breached that back in October 2021.”</em></p>
 <figure id="attachment_262761" aria-describedby="caption-attachment-262761" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-262761 size-full" src="https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp" alt="" width="1024" height="https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp" srcset="https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 2436w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=300,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 300w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=768,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 768w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=1024,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 1024w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=1536,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 1536w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=2048,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 2048w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=750,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 750w, https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp?resize=1140,https://cdn.thebittimes.com/images/2023/10/15/931ba943cab3f9584f767ecaf9015bab.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: InvestAnswers/YouTube
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 <p>At time of writing, SOL is trading for $21.99.</p>
 <div class="video-container"><iframe title="YouTube video player" src="https://www.youtube.com/embed/EDzB0AKQBNg?si=6xtSh_mvuLyj74PO" width="560" height="315" frameborder="0" allowfullscreen></iframe>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/461-solana-sol-price-target-on-the-table-if-ethereum-eth-does-this-next-bull-cycle-investanswers-tbt66419.html">https://thebittimes.com/461-solana-sol-price-target-on-the-table-if-ethereum-eth-does-this-next-bull-cycle-investanswers-tbt66419.html</a></p>

$461 Solana (SOL) Price Target on the Table if Ethereum (ETH) Does This Next Bull Cycle: InvestAnswers

TheBitTimes

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