Solana Corrects 5% as Analyst Predicts a 46% Upside
The Solana price has recently seen a 5% correction, bringing it down to $56.36. This is a significant correction from the 100% surge it experienced over the past 30 days. Despite this correction, an analyst predicts a 46% upside in the near future. Inflows into SOL have outpaced almost every other cryptocurrency except Bitcoin in the past week, according to a CoinShares report.
Well-Known Analyst Expects Solana Rally
One analyst, well-known for his accurate BTC price predictions in the past, believes that Solana is primed for a significant surge. With the recent pullback to $54.78, the analyst, known as Bluntz, sees SOL setting the stage for a new 2023 high, surpassing its yearly high of $67.76.
New Bitcoin ETF Token Could Outperform SOL
While Solana has experienced an impressive surge, there’s a new cryptocurrency token focused on the likelihood of a Bitcoin ETF approval by the US SEC. With the potential approval on the horizon, the token has created goals and milestones to reward holders and create opportunities for those anticipating the ETF approval.
Hot Take: Solana and Bitcoin ETF Token Hold Potential
Both Solana and the new Bitcoin ETF token hold potential for significant price gains. While Solana is expected to rally, the Bitcoin ETF token’s focus on the imminent ETF approval could also lead to substantial growth. Both assets present opportunities for investors looking to capitalize on future price movements.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
