https://ift.tt/SLc4IfT Solana (SOL) Price Prediction Is Out | CryptoGazette

The crypto market is giving signs of recovery and the most important coins out there are trading in the green. Check out the latest optimistic predictions about the price of Solana.

New SOL prediction is out

A popular crypto strategist is unveiling his huge long-term price target for Ethereum (ETH) competitor Solana (SOL). It’s also worth noting the fact that he is predicting surges for Avalanche (AVAX) and Terra (LUNA).

Pseudonymous crypto analyst Inmortal recently said that he expects decentralized finance payment network LUNA to rally back to triple digits after respecting support at around $80.

“LUNA at $100 before you blink again.”

At time of writing, LUNA is trading at $94.52.

Inmortal is also bullish on Avalanche. According to the crypto trader, Avalanche will likely follow the footsteps of LUNA.

“Potential catch-up play. AVAX [and] LUNA.”

Regarding Solana, the crypto strategist believes that the smart contract platform can potentially rally over 830% from its current price of $107.

“Buy SOL below $100 and sell it above $1,000 is the play.”

Looking at Bitcoin (BTC), the crypto strategist says he expects BTC to rally this week after recovering the key price level of $40,000.

“Main plan for this week is long BTC on a reclaim of weekly open. If price is unable to reclaim it, I will look for shorts.”

Solana other prediciotns

It’s been revealed that the billionaire investor Chamath Palihapitiya thinks Solana (SOL) will play a part in a market disruption that challenges the financial supremacy of giant payment companies.

In a new interview on the All-In Podcast, Palihapitiya says there’s been a surge in activity in the past 90 days in the payments sector.

“Visa and Mastercard, I think, are doing the single dumbest thing they could do by being a duopoly, which is raising prices, especially into an inflationary moment, which just lacks complete knowledge and sensitivity of the moment.”

Palihapitiya also noted that the decision to raise prices “creates the incentive for disruption.”