There are various optimistic crypto predictions these days, despite the massive volatility that we see in the crypto market. Check out the latest ones below.
SOL and ApeCoin predictions
It’s been reported not too long ago that a popular crypto strategist is predicting dips for two altcoins while updating his forecast for Solana (SOL) and ApeCoin (APE).
Pseudonymous crypto analyst Altcoin Sherpa said that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.
At time of writing, ETC is trading for $35.80.
He also addressed Optimism (OP), a layer-2 scaling solution for Ethereum (ETH).
The crypto strategist believes that OP is also likely to witness a deep correction after surging over 286% in less than three weeks.
“OP: I think this thing goes to $1.12 at a minimum.”
The analyst is also looking at Ethereum rival Solana, and he made sure to say that SOL is likely to experience more corrective moves in the coming days now that it is trading below a crucial level.
“For continuation, you really want to see this form a higher low around $39ish. If that level breaks, I think that things could get ugly quickly. I’m still cautiously bullish, and I would look to long around that level if you think things are bullish in mid-term.”
Solana in the news
New data from crypto insights firm Messari revealed that Solana (SOL) is emerging as a challenger to the leading smart contract platform Ethereum’s (ETH) non-fungible token (NFT) market dominance.
In a recent report, Messari made sure to note as per the online publication the Daily Hodl that even though Solana’s overall usage declined in Q2 of this year, its NFT activity has greatly accelerated.
“Following a breakout end to 2021 and beginning of 2022, Solana NFT activity accelerated amidst the network’s decline in usage and DeFi activity during Q2.”