According to a well-respected crypto strategist, there are only three other digital currency projects, aside from Bitcoin (BTC) and Ethereum (ETH), that he believes are worth investing in.
Solana, Bitcoin, and Ethereum predictions
The analyst, who goes by the pseudonym The Flow Horse (also known as Cantering Clark), recently informed his 181,700 followers on the social media platform X that he is optimistic about Solana (SOL), a competitor of ETH.
The expert predicts that SOL has significant potential for growth and could potentially experience a similar trajectory to ETH in its early days before skyrocketing in value to four figures.
“But yea, I think it is going through the same early cycle rounds as ETH.”
An analyst known as The Flow Horse has recently compared Solana’s price trend to that of Ethereum’s early days.
The analyst believes that SOL has the potential to reach all-time highs by late 2024. In a private group, the analyst shared a chart comparing the beginnings of ETH and SOL, and many members of the group expressed excitement for SOL’s potential success.
At the moment, SOL is trading at $21.28, experiencing a 3.6% increase in the last 24 hours.
The analyst is also optimistic about Phemex’s upcoming utility token for their crypto derivatives exchange platform.
The analyst believes that the token has the potential to perform well, based on the success of other exchange tokens.
The analyst expresses optimism towards Rollbit’s native token RLB, despite receiving criticism for their negative posts about other aspects of the crypto market.
They believe that Bitcoin and ETH, along with new projects yet to emerge, are the only long-term positive investments.
However, Rollbit’s token is an exception to this. At the time of writing, Rollbit is trading for $0.19, showing a 7.8% increase in the past 24 hours.
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