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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