Bullish Solana Predictions (SOL) Are Out | CryptoGazette
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There are all kinds of optimistic predictions about the price of Solana these days. Check out the latest ones who go until 2030.
There is a popular crypto analyst who is addressing long-term price targets for an Ethereum (ETH) competitor based on optimistic predictions about ETH’s future.
In a new strategy session, the host of financial education YouTube channel InvestAnswers made sure to point to an Ethereum chart from Coinstack’s Ryan Allis.
As the online publication the Daily Hodl notes, the chart plotted out significant rises in valuation for the leading smart contract platform over the coming decade, beginning particularly in 2025.
The InvestAnswers host said the following:
“It’s pretty staggering, even short-term targets like December 2022 at $12,581… and on and on up to 2025 where it could be worth $100,000.”
Allis said that his ETH prediction model is based on his belief that “all assets have an intrinsic price that is derived from their utility and their cash flows.”
He also said that he expects ETH’s cash flows to increase in the coming years.
Price predicitons for SOL
The InvestAnswers host also made sure to discuss how predicting the future valuation of layer-1 blockchain protocol Solana (SOL) is intrinsically linked to Ethereum’s price action.
“I do believe that if Ethereum is worth these numbers, Solana or any layer-1 one should be worth at least 20% of that market cap.”
He stated the following as well:
“I pulled in some numbers and took the Ethereum price target based on these models, took the Ethereum supply which is going deflationary, so I estimate that by about December 30 we’ll have about 110 million ETH versus 119 million today.”
The crypto market is suffering a new correction this weekend, and the most important coins are all trading in the red at the moment of writing this article.
It’s also important to note the fact that the YouTube host concludes by saying he believes in the Solana ecosystem despite certain growing pains it has experienced.
“Solana, despite its bugs and 17-hour outage in September, it is better than ETH 2.0 was planned to be.”
Stay tuned for more news, and make sure to check out the crypto market and the prices.
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