A preferred crypto strategist is analyzing Solana’s (SOL) potential value path in relation to Bitcoin’s (BTC) potential explosion through the subsequent bull market.
In a brand new YouTube video, the nameless host of InvestAnswers unveils to his 444,000 subscribers a technique for predicting Solana’s worth sooner or later.
In response to the nameless crypto analyst, his Solana value prediction methodology first entails taking a look at Bitcoin’s potential future worth to provide you with a value goal for Ethereum (ETH).
“What I did was I in contrast the Bitcoin value to the Ethereum dominance sooner or later, which I imagine shall be not less than 25%, and that may deliver us to an Ethereum value, hypothetically, of $15,450 if Bitcoin goes to $158,000. If Bitcoin doesn’t go to $158,000, that $15,000 value goal for Ethereum goes away. And that may be a operate of the shortage, the deflationary nature of ETH in proof of stake, and so on., and so on.”
A 25% ETH dominance signifies that Ethereum makes up 1 / 4 of the entire crypto market cap.
After deriving the potential future value of Ethereum, the crypto analyst says he can now provide you with two value targets for Solana.
“Now there are two variations for the Solana value: one is 10% of ETH dominance, and the second is 20% of ETH dominance.”
The crypto strategist says that if Solana is at 10% ETH dominance, he thinks it may surge to $370 on this hypothetical state of affairs, a greater than 1,000% enhance from its present value.
If Solana achieves 20% ETH dominance, the analyst thinks it may skyrocket to $739, a greater than 2,100% enhance.
SOL is buying and selling at $32.78 at time of writing. The ninth-ranked crypto asset by market cap is up greater than 4.6% previously 24 hours.
I
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Test Value Motion
Comply with us on Twitter, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in internet online affiliate marketing.
Featured Picture: Shutterstock/ValDan22
