Analyst Says Solana (SOL) Has Potential for Explosive Gains Next Bull Run Here Are His Price Targets

A popular cryptocurrency strategist analyzes potential price paths for Solana (SOL) in relation to Bitcoin’s (BTC) potential explosion during the next bull market.

In a new YouTube video, the anonymous host of InvestAnswers reveals to his 444,000 subscribers strategies for predicting Solana’s future value.

According to an anonymous crypto analyst, his Solana price prediction methodology first looks at Bitcoin’s possible future value to derive a price target for Ethereum (ETH).

What I did was compare the price of Bitcoin to the dominance of Ethereum in the future, which I believe will be at least 25%, and if Bitcoin hits $158,000, hypothetically it would be $15,450. If Bitcoin does not reach $158,000, Ethereum’s $15,000 price target will go away, which is a function of scarcity, ETH’s deflationary nature in proof of stake, etc. .”

ETH’s 25% dominance shows that Ethereum accounts for a quarter of the total cryptocurrency market capitalization.

After deriving potential future prices for Ethereum, crypto analysts say they can come up with two price targets for Solana.

There are currently two variants of Solanas price, one at 10% of ETH dominance and the second at 20% of ETH dominance.

Crypto strategists believe that if Solana controls 10% of ETH, it could surge to $370, more than 1,000% up from current prices in this hypothetical situation.

If Solana achieves a 20% ETH dominance, analysts believe it could surge to $739, an increase of more than 2,100%.

SOL is trading at $32.78 at the time of writing. The ninth-largest crypto asset by market capitalization is up more than 4.6% over the past 24 hours.

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