A popular crypto analyst is predicting a wild ride for Solana (SOL), a major competitor to Ethereum (ETH).
Solana’s Rollercoaster Ride
The analyst, known as Kaleo, believes Solana could drop by over 36% from its current price before launching into a massive rally, potentially reaching new all-time highs.
He suggests Solana could dip to around $80 before skyrocketing past $263. This is a significant move, considering Solana is currently trading at around $125.
Bitcoin’s Post-Election Breakout?
Kaleo also shared his updated outlook on Bitcoin (BTC). He believes Bitcoin could dip to around $42,500, a drop of over 21% from its current price.
However, he predicts a major breakout after the US presidential election in November. He thinks Bitcoin could soar beyond $88,000 in early 2025.
Why the Dip?
Kaleo attributes the potential dip in both Solana and Bitcoin to the current state of the stock market. He believes the stock market could see further declines, which could negatively impact crypto markets.
Important Note:
It’s crucial to remember that these are just predictions from one analyst. Crypto markets are notoriously volatile, and past performance is not indicative of future results.
Always do your own research and consult with a financial advisor before making any investment decisions.
