Max Keiser, a well-known Bitcoin advocate, has made a bold prediction about the future of Solana (SOL), a competitor to Ethereum (ETH). Keiser believes that SOL is on the brink of a significant crash, with its value potentially plummeting to $20. This would represent a drop of over 80% from its current price.
Keiser’s forecast for SOL is bleak. He suggests that those who invest in the cryptocurrency will lose all their purchasing power compared to Bitcoin, experience multiple ‘rug pulls’, and make a series of losing trades that will result in net losses. Keiser, along with his wife Stacy Herbert, serves as a senior advisor to El Salvador’s National Bitcoin Office.
Keiser’s prediction is not the only one suggesting a downturn for SOL. Altcoin Sherpa, a pseudonymous trader, also anticipates that SOL could experience a decline, potentially falling to a price between the Fibonacci retracement levels of $84.50 and $71.67. At the time of writing, SOL, the fifth-ranked crypto asset by market cap, is trading at $101.
However, not all predictions are bearish. Some traders believe that Solana will continue its upward trajectory. A pseudonymous analyst known as Bluntz has suggested that SOL is forming a bullish reversal pattern on the one-hour chart. He believes that SOL will consolidate for a while before embarking on a parabolic rally.
Investors are advised to conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are at the individual’s own risk, and any losses incurred are the responsibility of the investor. It is important to note that buying or selling any cryptocurrencies or digital assets is not recommended by The Daily Hodl, which is not an investment advisor and participates in affiliate marketing.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇸🇻 |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Altcoin Sherpa, Bluntz, Max Keiser, Stacy Herbert |
| Companies | The Daily Hodl, El Salvador’s National Bitcoin Office |
| Currencies | Bitcoin, Ethereum, Solana |
| Securities | None |
