Max Keiser Predicts Solana (SOL) Will Implode by 80% and Drop to $20
Crypto influencer Max Keiser believes that Solana (SOL), a rival to Ethereum (ETH), is on the verge of a major crash. According to Keiser, SOL will plummet to $20, representing an 80% decline from its current price.
In a tweet, Keiser stated that SOL investors would lose their purchasing power against Bitcoin, experience rug pulls, and make losing trades in the market. Keiser, along with his wife Stacy Herbert, serves as senior advisors to El Salvador’s National Bitcoin Office.
Another trader known as Altcoin Sherpa previously suggested that SOL could drop to levels between $71.67 and $84.50 based on Fibonacci retracement levels. However, some traders remain optimistic about SOL’s future, with one analyst predicting a bullish reversal pattern and a parabolic rally for the cryptocurrency.
Hot Take: Solana Faces Uncertainty Amidst Differing Predictions
While Max Keiser predicts a significant crash for Solana (SOL), other traders have mixed opinions about the future of the cryptocurrency. With some anticipating further declines based on technical analysis, others remain hopeful for a bullish trend. As with any investment, it is important to conduct thorough research and consider multiple perspectives before making any decisions. The cryptocurrency market can be volatile, so it’s crucial to stay informed and exercise caution.
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