• Crypto analyst predicts Solana (SOL) will skyrocket by 870% when Ethereum’s bull market begins.
• Blofin has predicted that Ethereum could exceed $9,700 per ETH in the first quarter of 2024.
• Analyst additionally believes Bitcoin (BTC) could reach $42,000 between January and April 2024.
Crypto Analyst Predicts Solana To Skyrocket By Over 870%
A widely followed crypto analyst believes that Solana (SOL) will come close to its all-time highs once Ethereum (ETH) kicks off its bull market. In a new strategy session, the host of InvestAnswers tells his 446,000 YouTube subscribers that Solana could go up to $250 – an increase of more than 870% from its current price of $25.75.
Ethereum’s Cancun Upgrade To Trigger Surge
According to the pseudonymous analyst, Solana’s rise will likely be triggered by Ethereum’s Cancun upgrade, which is expected to further elevate the leading smart contract platform’s scalability. The InvestAnswers host mentions a prediction made by Blofin, a crypto-financial services firm that sees Ethereum rising to $9,700 following the update.
Bitcoin Could Reach $42k By Early 2025
Looking at Bitcoin (BTC), the anonymous analyst reiterates his prediction that the flagship crypto asset will soar by over 40% from current levels by early next year. “I did say many times a few months ago, I would not be surprised if we had a $42,000 Bitcoin target by somewhere between January and April of 2024.” Bitcoin is trading at $29,804 at time of writing.
Blofin’s Prediction
Per Blofin , they predict that after the Cancun upgrade of Ethereum , price could exceed $9 , 700 per ETH in the first quarter of 2024 . And o f course , t hat is their most optimistic case . The n ext question is always , ‘Well if Ethere um goes to $9 , 700 , what’s t he price o f S ol ana ?’ I calculated it for you . It ‘ s going to be at least $250 if ETH hits$ 9 , 700 . Remember$ 9 , 700 from where it is now is over a 5x and o f course , S ol ana goes up faster than ETH will at th at time .