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Guy, Crypto Analyst Mentions Ethereum Competitor Ready To Explore 5x

Guy, The host of the popular crypto channel Coin Bureau explains his thoughts on one Ethereum (ETH) competitor. Also, a smart contract platform that could explode in the coming months.

Furthermore, the crypto analyst Guy explains that Solana (SOL) can hit “an extremely bullish target that borders on fantasy.”

More so, Smart contract platform Solana is currently the fifth largest crypto asset by market cap. Notably, Solana’s native token, SOL, is for transactions payment on the network and in the governance of the network. Currently, SOL is down over 1.4% on the day, trading below $200.68.

Also, Guy notes that recent Solana news means well for the Ethereum competitor’s future. Which of course, includes the release of the Solana Phantom wallet, multiple fundraising rounds, and the launch of the Grayscale Solana Trust.

“It’s only been about a week, and…”
“Grayscale Solana Trust already has $10 million in assets under management.”

Furthermore, Guy goes on to predict it could hit $1,000 soon, indicating a 5x appreciation from its current value.

“Assuming Bitcoin hits 100k and Ethereum hits 10k, as many people expect,…”
“this could give Solana enough wiggle room to hit $1,000.”

“But, I will note, this is an extremely bullish target that borders on fantasy.”

Lastly, Guy says he’s still bullish on Solana in the short term.

“SOL appears to be in the middle of painting a bull flag on the monthly and,..”
“if my measurements are correct, we could see a $290 to $300 SOL in the next month or two.”

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.