Crypto Analyst Says Solana Could Skyrocket By Over 870% Once Ethereum's Bull Run Starts
Portfolio Pulse from Bibhu Pattnaik
James Mullarney, host of InvestAnswers, predicts that Solana (CRYPTO: SOL) could reach close to its all-time high once Ethereum (CRYPTO: ETH) starts its bull market. He suggests that Solana could rise to $250, an 870% increase from its current price of $25.75, triggered by Ethereum's Cancun upgrade. Mullarney also reaffirmed his previous prediction that Bitcoin (CRYPTO: BTC) could increase by over 40% from its current levels by early 2024.
July 23, 2023 | 7:58 pm
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Bitcoin's price could increase by over 40% from its current levels by early 2024.
The prediction of a price increase for Bitcoin is based on the analyst's previous predictions. If the market conditions align with these predictions, Bitcoin's price could increase significantly.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum's price could trigger a bull market, potentially leading to a significant price increase for Solana.
The prediction of a bull market for Ethereum could potentially lead to a significant price increase for Solana. If Ethereum's price increases as predicted, it could trigger a similar surge in Solana's price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Solana's price could increase by 870% to $250, triggered by Ethereum's bull market.
The prediction of a significant price increase for Solana is based on the expected bull market for Ethereum. If Ethereum's price increases as predicted, it could trigger a similar surge in Solana's price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100