Market analysts have predicted that Solana could skyrocket by as much as 6x its current price if Bitcoin reaches $175,000 and by 4x if Bitcoin hits $150,000.
Seasoned crypto trader The House of Crypto has made an ambitious prediction about the crypto market. His speculations overlook the recent market underperformance, with the view of a decent price uptick by the third quarter of 2025.
The House of Crypto gave a long list of cryptocurrencies and where he expects major assets like Bitcoin, Ethereum, and Solana to trade by next year. Notably, he didn’t pinpoint any incident or analysis as his basis for the speculations, noting that they were just his thoughts.
Solana Price if Bitcoin Hits $175,000
The analyst predicted that Bitcoin would surpass its all-time high and trade at $175,000 by August 2025. A price surge of this nature would see Bitcoin grow over 300% from its current market price, potentially reaching a market cap of $3.4 trillion.
With a dominance of 57%, Bitcoin is a market catalyst that influences the trajectory of most other assets. Consequently, The House of Crypto speculates that Bitcoin’s run to $175,000 would push Solana to $920 by August next year.
At a current price of $135, Solana would have to grow a whopping 685% to match this prediction. SOL’s market cap would also hit $432 billion, which is 1.5x the current market cap of Ethereum.
Solana to $600 if Bitcoin Hits $150,000
Meanwhile, Bitcoin’s price at $150,000 is a common forecast among crypto analysts for this bull run. Veteran trader Peter Brandt flipped bullish earlier in the week, speculating that Bitcoin would hit that price target by 2025. The Crypto Basic also reported that analyst Wizard Crypto called Bitcoin at $150,000 and Shiba Inu at $0.003.
According to analyst Charting Guy, Solana would hit at least $600 if Bitcoin traded at $150,000. That would be a 440% surge from the current market price for the fifth-largest crypto asset, Solana. The asset would also have a market cap of $280 billion, $3 billion shy of Ethereum’s current cap.
However lofty these predictions may seem, the crypto market has shown its ability to grow exponentially. For context, Bitcoin and Solana have appreciated 125% and 650% from their prices year-to-year. The assets were trading around $26,000 and $18 exactly this time last year.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2024/09/12/experts-predict-solana-price-if-bitcoin-reaches-150000-and-175000/?utm_source=rss&utm_medium=rss&utm_campaign=experts-predict-solana-price-if-bitcoin-reaches-150000-and-175000