- A crypto analyst predicted the price of native token of Solana blockchain, SOL.
- He predicted the price is going to $200 in the next two years.
On October 15, 2022 a crypto analyst named on Twitter as ‘Altcoin Sherpa’ posted that, “I think range lows are coming. Anything sub $20 seems like a bargain / buy it and throw it in a cold wallet for 2 years and come back to see it 10x+.”
Some Other SOL Price Predictions
James Mullarney, the host of a popular YouTube channel “InvestAnswers”, spoke about his price target for the native token of Solana blockchain, on September 18, 2022. In the YouTube video, he explained how he finds $SOL reaching $370.
Mullarney said in the YouTube video as “What I did was I compared the Bitcoin price to the Ethereum dominance in the future, which I believe will be at least 25%, and that will bring us to an Ethereum price, hypothetically, of $15,450 if Bitcoin goes to $158,000. If Bitcoin doesn’t go to $158,000, that $15,000 price target for Ethereum goes away. And that is a function of the scarcity, the deflationary nature of ETH in proof of stake, etc., etc…”
He moreover said in the video that, “Now there are two variations for the Solana price: one is 10% of ETH dominance, and the second one is 20% of ETH dominance.” And as he said if $SOL reaches 10% of $ETH dominance, then its price could touch $370.
The CEO and co-founder of Real Vision Group, Raoul Pal explained on September 9, 2022 in a live session why he is optimistic on $SOL. In a YouTube “Ask Me Anything” session streamed live on the “Real Vision Crypto” YouTube channel, the CEO discusses Ethereum and Solana.
In the video, he said “As adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well. So I think we’re going to see ETH lead the charge, and then we’ll see this tail of stuff starting to come as we start a new bull market and generally things work that way…”
Furthermore, he added that “I think a lot of these layer ones this time around will be like ETH in the last cycle. They’ll end up becoming very large dominant chains. Which ones? I don’t really know. My bet is really on Solana, but it could be any of these… Solana, I’ve got more allocated towards that, than I have some of the others, but I’m watching them and waiting to see.”
Source: https://www.thecoinrepublic.com/2022/10/27/crypto-analyst-states-solana-growth-within-upcoming-years/