Analysts predicted a doubling of Solan's rate According to | Crypto Sale
Analysts predicted a doubling of Solan's rate
According to the forecasts of Coin Bureau agency, one of Ethereum's competitors - cryptocurrency Solana (SOL) may rise in price by 2 times from the values of the current day, August 19, 2022.
According to expert predictions, if the bull rally of altcoins continues, this virtual has the best prospects among similar projects.
According to analysts, SOL's upward price movement seems extremely plausible. Many market participants underestimate Solana, although looking at the chart, experts saw many patterns that signaled the impending rise in the value of the virtual coin.
However, this will only happen if the current momentum of the cryptocurrency market persists.
Analysts emphasized: projects such as Solana, Avalanche, Near Protocol and other blockchains, which are competitors of Ethereum, attract the most interest from traders in the run-up to the merger of the latter's networks (Merge).
Investors have been systematically buying up digital assets in case the Ethereum upgrade does not go according to plan and there are disruptions.
It was also stated that in the SOL / ETH trading pair, the price peak could coincide with the upcoming merger, which is scheduled for September 14, 2022.
As of 12:40 Moscow time on August 19, 2022, Solana (SOL) was trading at $36.31. Its rate declined by 11.23% over the past 24 hours amid a global decline of the entire cryptocurrency market during the reporting period. The virtual asset had a capitalization of $12.64 billion and daily trading volumes of $1.46 billion.
