It’s been revealed the fact that the Bitcoin bull Max Keiser is making an exciting prediction about Solana. Check out the latest reports about this below.
New SOL prediction is out
Max Keiser, a prominent cryptocurrency analyst, predicts that Solana (SOL), a rising competitor to Ethereum (ETH), will experience a significant drop of over 80% and crash down to $20.
“SOL shitcoin-aholics will:
1. Lose 100% purchasing power vs. Bitcoin
2. Get rug pulled (a few times)
3. ‘Time’ the market with serial losing trades that add up to net losses.
We will pray for you, children.”
Keiser and his wife, Stacy Herbert, are currently working as senior advisors to El Salvador’s National Bitcoin Office.
Recently, Altcoin Sherpa, a pseudonymous trader, predicted that SOL’s price could soon drop to a range between the Fibonacci retracement levels of $84.50 and $71.67.
“SOL: in theory this should probably go up given all the liquidity that was collected. That said, I still think this one needs a bit of time to cool off. Wouldn’t be surprised to see this come down to lower levels like the $70-$80 again.”
Solana, the cryptocurrency asset ranked fifth by market capitalization, is currently trading at $101 as of the time of writing. Some traders are predicting that Solana’s impressive performance will continue.
An analyst who goes by the pseudonym Bluntz, suggested earlier this week that SOL was forming a bullish reversal pattern on the one-hour chart.
The analyst predicted that SOL would go through a consolidation period before experiencing a parabolic rally.
Solana in the news
Etherscan, which is a blockchain data explorer for Ethereum (ETH), has acquired Solscan, its counterpart in the Solana (SOL) ecosystem.
Solscan has been serving more than 3 million monthly users since its launch in 2021, according to a press release announcing the acquisition.
Both websites offer address information, token and transaction data, application programming interfaces (APIs), dashboards, and non-fungible token (NFT) metadata.
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