Solana has predicted growth of 100%

A well-known crypto trader who accurately predicted the fall of bitcoin in 2018 has published a new forecast of the Ukrainian developer’s cryptocurrency.

The analyst, known as Bluntz, told his 231,500 followers on the X platform that Solana has become the fastest growing large-cap coin to recover from a 24-hour low of $ 68.06. According to the expert, SOL $187.91 Solana 0.56% Market capitalization $88.61 billion VOL. 24 hours $0.88 billion has a 100% chance of growing.

«Surprise, surprise. Guess which cryptocurrency from the top 10 recovered the fastest… SOL,» Bluntz wrote.

According to the crypto strategist, the correction scared traders with excessive leverage, which allowed SOL and the rest of the cryptocurrencies to end the week on a bullish note. As for the future of SOL, the trader believes that the altcoin’s uptrend is far from over. The trader shared a chart showing that the price of SOL could rise to $ 150.

At the time of writing, Solana is trading at $ 71.22, up 4.2% over the past day and 19.4% over the week. On the night of December 8, the token managed to update its price high since May 2022, when SOL reached $ 73.64. The price growth of the altcoin is significantly ahead of bitcoin: since the beginning of the year, SOL has grown by almost 620% and is now in sixth place in terms of capitalization ($ 30.3 billion).

Analysts at asset management company VanEck have recently stated that Solana has every chance to grow significantly in the future, surpassing ethereum. Experts expect that by next year, several asset managers will apply for a Solana ETF. The current Solana ecosystem confirms this forecast. The token’s developers have established key cooperation with traditional global financial institutions. Solana has partnered with industry giants such as Visa and Shopify, which use its technology to speed up their payment processes.