Ethereum

Solana

<p style="text-align: justify">A crypto currency analyst closely followed in the markets claimed that investors may be underestimating the potential of Solana, a smart contract platform, in the next bull market.</p>
<h2 id="price-expectations-for-solana-sol">Price Expectations for Solana (SOL)!</h2>
<p style="text-align: justify">In a new strategy session, InvestAnswers host argued that the fundamental thesis for <a href="https://en.coin-turk.com/solana-sol-poses-a-risky-opportunity-for-short-term-investors-signs-of-potential-price-spike/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> is that <a href="https://en.coin-turk.com/ethereum-eth-price-drops-over-2-whats-next/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a>‘s market value should reach 10% during the next market growth. Assuming Ethereum surpasses $8,000 in the next bull market, the analyst suggests that if Solana reaches 10% of the market value Ethereum has reached in the past, this would mean a price target of $231 for SOL. However, InvestAnswers stated that it is not completely unlikely for SOL to reach 20% of Ethereum’s market value and added the following statements:</p>
<blockquote>
 <p style="text-align: justify">If Solana, which has always been part of my thesis, reaches 20% of <a href="https://en.coin-turk.com/important-on-chain-metrics-for-the-biggest-altcoin-according-to-market-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a> market value, this would take us to a market value of $192 billion, and considering today’s prices and token count, this would result in a return on investment of 2,038%, which would be approximately only 5% of the crypto market. So, it’s not beyond the realm of possibilities. But even stranger, we have exceeded the 10% threshold in the past. This is Solana’s upward chart… Here, you can see that the yellow line represents 10% of ETH market value and the blue Solana price exceeded it in October 2021.</p>
</blockquote>
<p><img decoding="async" class="aligncenter wp-image-266682 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/solana.jpg" alt="" width="1116" height="563"></p>
<h2 id="expert-comment-on-sol">Expert Comment on SOL!</h2>
<p style="text-align: justify">In conclusion, the crypto currency analyst stated that Solana’s (SOL) potential is underestimated by investors. He also suggested that Ethereum’s 10% market value could indicate a price target of $231 for SOL. He emphasized that it is also possible for Solana to reach 20% of ETH, which could bring a price of $461 for SOL, highlighting that significant returns are possible for investors.</p>
<p>At the time of writing, Solana is trading at $21.78.</p> Continue Reading: <a href="https://en.coin-turk.com/solana-sol-price-expectations-analyst-claims-solanas-potential-is-underestimated/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/solana-sol-price-expectations-analyst-claims-solanas-potential-is-underestimated/</a>

Solana (SOL) Price Expectations: Analyst Claims Solana’s Potential is Underestimated

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