Is Solana (SOL) The Only Basis That Will Lead The Recovery In Encrypted Markets And Increase Value? SOL has lost almost 50% in the last four weeks – but top analysts are bullish on Ethereum peers, expecting a massive recovery. Should you buy Solana now?
Solana: 85% drop from record high
With a meteoric rise to an all-time high of around $ 260 in November 2021, Solana (SOL) had a difficult time: The rival Ethereum had a steady decline ahead just after it peaked. , and as a result he had to lose a massive 85. % over the last few months (data from Coinmarketcap.com).
Currently from $ 260 to $ 39.23 – a severe loss that all late investors feel more severe. However, forecasts and analysts are still bullish on the fast smart contract platform – so recovery is not like a matter of time.
Popular crypto trader DonAlt, for example, warns in new video analysis that altcoins are more painful and most assets could still crash up to 70%. With Solana, however, he only expects temporary losses and considers the base fit for the accumulation – just like Dogecoin (DOGE) and exchange tokens (BNB or FTX token, for example):
“I think Solana is a good bet. Exchange signals will be a good bet. I would imagine that Dogecoin, to be honest, will also go high enough. ”
While the analyst expects these cryptocurrencies to fall before a rally, he says:
“Here are some bases I want to look at.”
Two factors are given as the main reason in the visual analysis: familiarity and liquidity. Background: Investors would primarily invest in coins while strengthening bull markets, ie of which they are familiar.
Here is a full analysis of DonAlt.
Is the 50% price explosion coming?
Pentoshi (Pentosh1 on Twitter) is also bullish on Solana’s expectations in a new analysis. In his estimate, when we are in a bear market – However, he expects price jumps for some coins. Below: Solana (SOL).
Its prognosis: Solana will explode 50% in the coming weeks! Pentosh1 via Solana:
“It simply came to our notice then.
Odds and history say this price is likely to rise more than people think.
I think we’re looking at $ 58-60. “
It’s imo time
Probabilities and history also suggest that this is likely to become more difficult than people think
Suppose we see $ 58-60 https://t.co/Yb9Ftsj2ew pic.twitter.com/d59WJA8M51
– Pentoshi 🔺 (@ Pentosh1) June 6, 2022
The optimistic outlook for Solana is in line with the latest forecast from Gov.capital, which sees Solana $ 294.22 a year from now (+ 650%)even at $ 2,333 by 2027 (+ 5,848%)!
Last updated June 7, 2022
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