A well-liked crypto analyst is setting 2022 value targets for a layer-1 blockchain protocol that’s flying excessive after breaking out final yr.
In a brand new Q&A session, the host of monetary training YouTube channel InvestAnswers tells his 389,000 subscribers the place he thinks Solana (SOL) is headed over the following six months.
“I’m fairly assured we’ll see $400 or $450.
And if the market goes bonkers, it may go as excessive as $700…
I do count on quite a lot of exercise to occur within the subsequent one or two quarters, by June.”
A yr in the past, Solana (SOL) was priced underneath $2 and ended up reaching an all-time excessive of practically $260 again in November. The altcoin is valued at $169.93 at time of writing.
The strategist additionally talks about entry factors for main good contract platform Ethereum (ETH).
I do see issues like Ethereum at $3,500 is a superb value. We had been down at $3,500 simply on the twenty ninth of December…
That’s a spot the place I’d imagine Ethereum is an especially good worth as a result of it’ll 3x doubtlessly over the following yr or so, particularly because it goes very deflationary with the launch of ETH 2.0.”
Ethereum 2.0, also called Serenity, is an upcoming improve targeted on growing the community’s velocity and scalability.
ETH additionally had a breakout 2021, rising over 400% from $730 to its year-end valuation above $3,700. The crypto asset is down barely on the day and buying and selling for $3,773.
The InvestAnswers host additionally weighed in on Bitcoin (BTC), saying that the highest crypto is lengthy overdue for a large rally that ought to occur someday between March and June.
“I at all times mentioned we’d hit $98,000 Bitcoin throughout this bull run, [but] I didn’t notice it might be so delayed.
Between the China ban and the doldrums for 11 weeks, then a horrible September. December [was also] sort of sucky.
Now I do imagine we’ll hit that $98,000… After I take a look at issues like adoption, on-chain metrics, the large cash is coming in Q1, the one means is up. And to double is nothing for Bitcoin…
I’m simply going to place a line within the sand and that’s what I see: someday by the top of March or June.”
Bitcoin is at present buying and selling at $46,177.
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