Cryptocurrency analyst predicts 825% growth for Solana cryptocurrency

Analysts at InvestAnswers have predicted the growth of the Solana cryptocurrency, which has been called the main competitor of Ethereum. According to the prediction, SOL will grow by 825% due to the active implementation of the Solana smart contract platform, the host of the InvestAnswers program on YouTube said.

The historical maximum that Solana can reach is $ 259.65, InvestAnswers said. «Although Solana is trading at less than 1/16 of Ethereum’s market capitalization, it is just as widespread and performs many transactions. We are convinced that due to the active implementation of the smart contract platform, Solana’s price will be 20% of ETH’s value in the near future,» the InvestAnswers host emphasized.

Some cryptocurrency experts not only believe in the growth of Solana in the future, but also believe that SOL has the potential to significantly outperform Ethereum and all other altcoins in the next stage of the market when it starts to grow. This is the opinion of former Goldman Sachs executive Raul Pel, who believes in the future of the Solana blockchain even despite the constant technical failures that occur with the project.

«I like Solana. Yes, I realize that the blockchain is constantly breaking down. But I also realize that everyone knows this, so there is no information advantage in this.» It is precisely because of the project’s stability that Pel is confident in the future of SOL — he believes that the main threat to it could be a blockchain hack. If this does not happen, the analyst believes that Solana will show the greatest growth as soon as the market turns the other way and starts growing. At the time of writing, SOL is trading at $ 28.57, down 7.37% over the past week.