{"id":590685,"date":"2024-02-29T21:00:44","date_gmt":"2024-02-29T21:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=590685"},"modified":"2024-02-29T11:38:28","modified_gmt":"2024-02-29T11:38:28","slug":"solana-predicts-push-to-600","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/solana-predicts-push-to-600\/","title":{"rendered":"Solana On A Roll: Crypto Analyst Predicts Push To $600"},"content":{"rendered":"

Like almost every other crypto token in the market, <\/span>Solana (SOL)<\/span><\/a> is enjoying a rally of its own, rising to nearly $125 in the last 24 hours. Interestingly, this looks like only the beginning of good things to come for the crypto token, as crypto analyst Hansolar predicts that it could run massively in <\/span>this bull cycle<\/span><\/a>.\u00a0<\/span><\/p>\n

SOL To Rise To $600<\/h2>\n

Hansolar mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that SOL will rise to $600. This \u201cfun\u201d target was laid on the premise that SOL could be the new ETH this cycle. Assuming this is the case, the analyst expects SOL to take off later than <\/span>BTC and ETH<\/span><\/a>. This is because ETH took off when BTC broke into all-time highs (ATHs) during the last bull run.\u00a0<\/span><\/p>\n

Related Reading: MicroStrategy\u2019s Bitcoin Holdings Balloons Above $10 Billion, Here\u2019s How Much Profit It Has Made<\/a><\/div>\n

Therefore, SOL, following a similar trajectory to ETH in the last cycle, might not take off until <\/span>BTC and ETH break into ATHs<\/span><\/a>. Hansolar suggested that SOL\u2019s takeoff will be sparked by retail, stating that there will be a time when these investors buy into the crypto token \u201cas the high beta catch-up play.\u201d<\/span><\/p>\n

Hansolar also offered more evidence to suggest that SOL is likely to replicate ETH\u2019s run in the last bull cycle. He stated that the crypto token was currently at around 50% from its ATH, similar to how ETH was around the 50% mark as BTC was nearing its ATH in the last cycle. Meanwhile, Hansolar offered \u201cfun\u201d targets for Bitcoin and Ethereum, stating they will hit <\/span>$150,000<\/span><\/a> and <\/span>$10,000<\/span><\/a> in this bull cycle.\u00a0<\/span><\/p>\n

Interestingly, Hansolar\u2019s $600 price prediction for Solana looks very conservative compared to Crypto YouTuber <\/span>Jake Gagain\u2019s prediction<\/span><\/a> that SOL will hit $750. The analyst stated that the crypto token will hit this price level by next year.\u00a0<\/span><\/p>\n

Between Solana And Ethereum<\/h2>\n

Crypto analyst Santiago Santos <\/span>once echoed<\/span><\/a> similar sentiments to Hansolar when he drew a comparison between Solana and Ethereum, noting that the former is going through what the latter did during the ICO boom. He, however, suggested that Solana would perform way better than Ethereum, as it is seeing \u201cmeaningful usage and growth,\u201d unlike Ethereum then.\u00a0<\/span><\/p>\n

Related Reading: Renowned Economist Says Bitcoin Isn\u2019t Digital Gold, Then What Is It?<\/a><\/div>\n

Santos further asserted that Solana would \u201cconverge on Ethereum faster than most believe.\u201d Solana, commonly referred to as the \u201c<\/span>Ethereum Killer<\/span><\/a>,\u201d has indeed been <\/span>on the heels<\/span><\/a> of Ethereum as of late. Solana even once surpassed Ethereum in 7-day DEX (decentralized exchange) volume.\u00a0<\/span><\/p>\n

The <\/span>tremendous rise<\/span><\/a> in Solana\u2019s network activity is believed to be one of the factors driving SOL\u2019s price and what could push it to hit the $600 mark and possibly $750, like Gagain predicted.<\/span><\/p>\n

At the time of writing, SOL is trading at around $124, up over 13% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Solana<\/p>\n

SOL price at $128 | Source: SOLUSD on Tradingview.com<\/a><\/pre>\n
Featured image from U.Today, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Like almost every other crypto token in the market, Solana (SOL) is enjoying a rally of its own, rising to nearly $125 in the last 24 hours. Interestingly, this looks like only the beginning of good things to come for the crypto token, as crypto analyst Hansolar predicts that it could run massively in this bull cycle.\u00a0 SOL To Rise To $600 Hansolar mentioned in an X (formerly Twitter) post that SOL will rise to $600. This \u201cfun\u201d target was laid on the premise that SOL could be the new ETH this cycle. Assuming this is the case, the analyst expects SOL to take off later than BTC and ETH. This is because ETH took off when BTC broke into all-time highs (ATHs) during the last bull run.\u00a0 Related Reading: MicroStrategy\u2019s Bitcoin Holdings Balloons Above $10 Billion, Here\u2019s How Much Profit It Has Made Therefore, SOL, following a similar trajectory to ETH in the last cycle, might not take off until BTC and ETH break into ATHs. Hansolar suggested that SOL\u2019s takeoff will be sparked by retail, stating that there will be a time when these investors buy into the crypto token \u201cas the high beta catch-up play.\u201d Hansolar also offered more evidence to suggest that SOL is likely to replicate ETH\u2019s run in the last bull cycle. He stated that the crypto token was currently at around 50% from its ATH, similar to how ETH was around the 50% mark as BTC was nearing its ATH in the last cycle. Meanwhile, Hansolar offered \u201cfun\u201d targets for Bitcoin and Ethereum, stating they will hit $150,000 and $10,000 in this bull cycle.\u00a0 Interestingly, Hansolar\u2019s $600 price prediction for Solana looks very conservative compared to Crypto YouTuber Jake Gagain\u2019s prediction that SOL will hit $750. The analyst stated that the crypto token will hit this price level by next year.\u00a0 Between Solana And Ethereum Crypto analyst Santiago Santos once echoed similar sentiments to Hansolar when he drew a comparison between Solana and Ethereum, noting that the former is going through what the latter did during the ICO boom. He, however, suggested that Solana would perform way better than Ethereum, as it is seeing \u201cmeaningful usage and growth,\u201d unlike Ethereum then.\u00a0 Related Reading: Renowned Economist Says Bitcoin Isn\u2019t Digital Gold, Then What Is It? Santos further asserted that Solana would \u201cconverge on Ethereum faster than most believe.\u201d Solana, commonly referred to as the \u201cEthereum Killer,\u201d has indeed been on the heels of Ethereum as of late. Solana even once surpassed Ethereum in 7-day DEX (decentralized exchange) volume.\u00a0 The tremendous rise in Solana\u2019s network activity is believed to be one of the factors driving SOL\u2019s price and what could push it to hit the $600 mark and possibly $750, like Gagain predicted. At the time of writing, SOL is trading at around $124, up over 13% in the last 24 hours, according to data from CoinMarketCap.\u00a0 SOL price at $128 | Source: SOLUSD on Tradingview.com Featured image from U.Today, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":590696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[167,6664,26263,14690,12837,86420,91623,83626,89405,85361,89753,86410,83627],"class_list":["post-590685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-sol","tag-sol-price","tag-sol-price-prediction","tag-solana","tag-solana-news","tag-solana-price","tag-solana-price-prediction","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana On A 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana On A Roll: Crypto Analyst Predicts Push To $600","url":"http:\/\/wncen.com\/news\/solana\/solana-predicts-push-to-600\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana\/solana-predicts-push-to-600\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana_f63e64.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana_f63e64.jpeg?fit=300%2C168"},"articleSection":"Solana","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","sol","sol price","sol price prediction","solana","solana news","solana price","solana price prediction","solusd","solusdt"],"dateCreated":"2024-02-29T21:00:44Z","datePublished":"2024-02-29T21:00:44Z","dateModified":"2024-02-29T21:00:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana On A Roll: Crypto Analyst Predicts Push To $600\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana\\\/solana-predicts-push-to-600\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana\\\/solana-predicts-push-to-600\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Solana_f63e64.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Solana_f63e64.jpeg?fit=300%2C168\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"sol\",\"sol price\",\"sol price prediction\",\"solana\",\"solana news\",\"solana price\",\"solana price prediction\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-02-29T21:00:44Z\",\"datePublished\":\"2024-02-29T21:00:44Z\",\"dateModified\":\"2024-02-29T21:00:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana_f63e64.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/590685"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=590685"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/590685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/590696"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=590685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=590685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=590685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}