Ethereum

Solana

<div class="dailyhodl">
 <p>A widely followed crypto analyst believes that a key metric indicates Ethereum (ETH) competitor Solana (SOL) could keep soaring to three figures.</p>
 <p>In a new strategy session, the host of InvestAnswers tells his 452,000 YouTube subscribers that Solana could surge another 388% from its current value.</p>
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 <p>The trader says Solana’s dominance (SOL.D), a measure of the market cap of Solana as a share of the entire crypto market, just hit a historically significant level. Increasing dominance can indicate a growing interest in a crypto project.</p>
 <p><em>“This is about dominance. This is about Solana dominance, and it just hit 2% literally moments ago. And I was waiting for that moment…. </em></p>
 <p><em>That is a historic moment for Solana… </em></p>
 <p><em>If we repeat what we did last time and if Solana dominance is the same, or it’ll probably be a lot higher given the actual recent trends, that means these [prior] price targets are not unreasonable.” </em></p>
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   Source: InvestAnswers/YouTube
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 <p>The trader’s chart shows that the previous times SOL.D hit 2% were in September 2021 when Solana was trading for $181, in October 2021 when Solana was trading for $190 and in March 2022 when Solana was trading for $131.</p>
 <p>The trader predicts Solana could soar to as much as $290.</p>
 <p><em>“My bear case is $151. My bull case is about $290. But if you look at these averages, $181, $190 plus $131, that brings us north of $165. So things are boding well this time around even though this time is different, things are happening earlier and faster. That 2% is magical. We are piercing it for the first time, and the price is a lot lower so we could go a lot higher.”</em></p>
 <p>Solana opened the year at $9.99 and is now trading for $59.37 at time of writing, a more than 494% gain. SOL.D has retracted to 1.84% at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-10-altcoin-that-s-exploded-more-than-6x-year-to-date-could-surge-by-additional-360-investanswers-tbt70701.html">https://thebittimes.com/top-10-altcoin-that-s-exploded-more-than-6x-year-to-date-could-surge-by-additional-360-investanswers-tbt70701.html</a></p>

Top 10 Altcoin That’s Exploded More Than 6x Year-to-Date Could Surge by Additional 360%: InvestAnswers

TheBitTimes

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