There are some pretty exciting new crypto price predictions out, and they involve AVAX and SOL. Check them out below.
AVAX and SOL price predictions
According to a well-respected crypto strategist, Avalanche (AVAX) is poised for a significant increase in value.
Altcoin Sherpa, a crypto analyst with a following of 196,600 on X social media platform, predicts that the Ethereum (ETH) competitor could surge by more than 12% from its current value.
The analyst points to the launch of Stars Arena, a decentralized social finance app (SocialFi), on the AVAX blockchain as the reason for Avalanche’s uptrend. Friend.tech, a similar platform, was launched on Coinbase’s Base blockchain.
“AVAX: buy AVAX due to Stars Arena. $12 eventually maybe.
If Base had a token during FT (Friend.tech), that would have also done extremely well.
People who don’t want exposure to Stars Arena might just buy AVAX and ride this instead.”
Based on his analysis, the trader predicts that Avalanche will encounter resistance at its current value and then drop to $10.20 before surging past $12 in November.
As of writing this, AVAX is valued at $10.66, with a 4.7% increase in the last 24 hours.
The trader expresses uncertainty about Stars Arena’s future, stating that creator and influencer involvement is becoming scarce due to social network fragmentation.
Previously, Twitter was the go-to platform for sharing information and conversation, but now there are other platforms like FT and Stars Arena. It remains to be seen if these social apps can all succeed.
Additionally, the trader believes that Solana (SOL), a competitor to Ethereum, will likely experience a dip before another upward trend.
“SOL: I feel confident these lower levels are going to come for Solana. [It] should be good dip buying opportunities as long as BTC (Bitcoin) holds up.
$21-$22 are the areas.”
Stay tuned for more news from the crypto space and make sure to check out the market as well.
