A well-liked crypto analyst is setting 2022 price targets for a layer-1 blockchain protocol that’s flying excessive after breaking out final yr.
In a brand new Q&A session, the host of economic schooling YouTube channel InvestAnswers tells his 389,000 subscribers the place he thinks Solana (SOL) is headed over the subsequent six months.
“I’m fairly assured we’ll see $400 or $450.
And if the market goes bonkers, it might go as excessive as $700…
I do count on plenty of exercise to occur in the subsequent one or two quarters, by June.”
A yr in the past, Solana (SOL) was priced beneath $2 and ended up reaching an all-time excessive of almost $260 again in November. The altcoin is valued at $169.93 at time of writing.
The strategist additionally talks about entry factors for main good contract platform Ethereum (ETH).
I do see issues like Ethereum at $3,500 is a superb price. We had been down at $3,500 simply on the twenty ninth of December…
That’s a spot the place I might consider Ethereum is a particularly good worth as a result of it’ll 3x doubtlessly over the subsequent yr or so, particularly because it goes very deflationary with the launch of ETH 2.0.”
Ethereum 2.0, also called Serenity, is an upcoming improve centered on rising the community’s pace and scalability.
ETH additionally had a breakout 2021, rising over 400% from $730 to its year-end valuation above $3,700. The crypto asset is down barely on the day and buying and selling for $3,773.
The InvestAnswers host additionally weighed in on Bitcoin (BTC), saying that the prime crypto is lengthy overdue for an enormous rally that ought to occur someday between March and June.
“I at all times mentioned we’d hit $98,000 Bitcoin throughout this bull run, [but] I didn’t understand it will be so delayed.
Between the China ban and the doldrums for 11 weeks, then a horrible September. December [was also] sort of sucky.
Now I do consider we’ll hit that $98,000… When I have a look at issues like adoption, on-chain metrics, the massive cash is coming in Q1, the solely approach is up. And to double is nothing for Bitcoin…
I’m simply going to place a line in the sand and that’s what I see: someday by the finish of March or June.”
Bitcoin is presently buying and selling at $46,177.
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