Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

2025-05-18

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

2025-05-18

Weekly winners and losers of Crypto Market – XCN, WIF, PI, op

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17

    Complating digital assets win the long game in Crypto

    2025-05-17
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Solana a solid bet for the next bull run with potential for great multiples, says analyst – but there’s a big catch
Analysis

Solana a solid bet for the next bull run with potential for great multiples, says analyst – but there’s a big catch

2023-09-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A closely watched crypto trader says Ethereum (ETH) rival Solana (SOL) has the potential to generate exponential profits for long-term investors.

Pseudonymous trader Altcoin Sherpa tells his 196,200 followers on social media platform X that Solana is a fundamentally sound crypto project that could perform well in the next bull market.

Although the analyst is bullish on SOL in the long term, he says say that the road to bull territory will likely be bumpy.

“As a network, SOL is still a good network and will likely be a good choice for the next bull run. I have a long term bag that I’m just holding on to because I expect great multiples on it later. But in the short term it will probably be painful.”

Altcoin Sherpa’s bearish view in the near term stems from the idea that defunct crypto exchange FTX could start liquidating its significant SOL holdings to pay back its creditors.

Court documents show that FTX currently owns approximately $1.16 billion worth of SOL.

According to the trader, the liquidation of FTX could lead to price increases that could send the SOL to a low of $5.

“The next point of interest is the $17-$15.50 area. Many fearful investors regarding a possible liquidation of FTX holdings.

Does this mean SOL is done? No, in fact, I think this big sell-off (if it happens) will create a floor for Solana. It is one of the last big questions regarding the large supply. If FTX is liquidated, expect the price to capitulate below $10 ($5 maybe?), and then V-reverse.”

Image
Source: Altcoin Sherpa/X

A V-shaped reversal is a technical pattern in which an asset witnesses a steep move down followed by a large move up.

See also  'Just Getting Started' - Analyst Reveals Big Target for Dogecoin, Sees 'Crazy Bullish' Chart for Ethereum-Based Coins

While Altcoin Sherpa says it is possible for SOL to reach $5, he says the downside target is a “longshot,” and he would rally the Ethereum challenger at $10.

At the time of writing, SOL is worth $17.76.

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on Tweet, Facebook And Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

Analyst Bet Big Bull Catch Great multiples potential run Solana Solid
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

2025-05-18

Will Crypto pump or dump this weekend? Analyst reveals Top Altcoin for 3x profits

2025-05-18

Pump.Fun loses dominance while new meme munt launch pads get up on Solana

2025-05-17
Add A Comment

Comments are closed.

Top Posts

According to Grayscale Poll, 40% of US investors expect Crypto to be part of their future portfolio

2023-12-20

Total liquidation surpasses $140 million as Bitcoin (BTC) continues downtrend

2023-05-12

The CEO of Yuga Labs is learning that creating NFT games is hard

2023-10-18
Editors Picks

Bitcoin – Volatility Prevails as Election Uncertainty Drives $541 Million Outflows from BTC ETFs

2024-11-06

Ethereum Price Poised for Further Declines Unless this Level Gives Way

2023-07-26

Top lawyer doubts dream valuation

2023-11-18

Coinbase reveals an 18% year-over-year decline in law enforcement requests

2024-12-17

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

Weekly winners and losers of Crypto Market – XCN, WIF, PI, op

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,955.450.79%
  • ethereumEthereum(ETH)$2,381.49-3.61%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.360.86%
  • binancecoinBNB(BNB)$638.00-0.19%
  • solanaSolana(SOL)$165.750.33%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2206752.99%
  • cardanoCardano(ADA)$0.73-1.46%
  • tronTRON(TRX)$0.265389-1.94%
  • suiSui(SUI)$3.74-0.99%
  • chainlinkChainlink(LINK)$15.09-1.08%
  • avalanche-2Avalanche(AVAX)$21.83-1.63%
  • stellarStellar(XLM)$0.283304-0.51%
  • hyperliquidHyperliquid(HYPE)$26.141.66%
  • shiba-inuShiba Inu(SHIB)$0.0000141.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-3.22%
  • hedera-hashgraphHedera(HBAR)$0.188856-0.03%
  • bitcoin-cashBitcoin Cash(BCH)$394.261.06%
  • the-open-networkToncoin(TON)$3.050.09%
  • litecoinLitecoin(LTC)$96.840.48%
  • polkadotPolkadot(DOT)$4.57-0.81%
  • moneroMonero(XMR)$339.111.12%
  • bitget-tokenBitget Token(BGB)$5.052.13%
  • pepePepe(PEPE)$0.0000136.19%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.727.08%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.760.89%
  • bittensorBittensor(TAO)$405.01-3.21%
  • aaveAave(AAVE)$220.07-0.63%
  • nearNEAR Protocol(NEAR)$2.67-0.34%
  • okbOKB(OKB)$52.80-0.89%
  • aptosAptos(APT)$4.97-2.01%
  • ondo-financeOndo(ONDO)$0.90-0.77%
  • kaspaKaspa(KAS)$0.107738-0.81%
  • ethereum-classicEthereum Classic(ETC)$17.83-1.30%
  • internet-computerInternet Computer(ICP)$5.07-0.63%
  • gatechain-tokenGateToken(GT)$21.47-0.08%
  • crypto-com-chainCronos(CRO)$0.096502-0.25%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.79-0.11%
  • mantleMantle(MNT)$0.730.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230241-0.02%
  • vechainVeChain(VET)$0.027398-0.56%
  • render-tokenRender(RENDER)$4.43-1.52%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • ethenaEthena(ENA)$0.3641004.31%
  • algorandAlgorand(ALGO)$0.2152460.45%
  • filecoinFilecoin(FIL)$2.770.06%
  • cosmosCosmos(ATOM)$4.68-0.52%
  • bitcoinBitcoin(BTC)$103,955.450.79%
  • ethereumEthereum(ETH)$2,381.49-3.61%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.360.86%
  • binancecoinBNB(BNB)$638.00-0.19%
  • solanaSolana(SOL)$165.750.33%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2206752.99%
  • cardanoCardano(ADA)$0.73-1.46%
  • tronTRON(TRX)$0.265389-1.94%
  • suiSui(SUI)$3.74-0.99%
  • chainlinkChainlink(LINK)$15.09-1.08%
  • avalanche-2Avalanche(AVAX)$21.83-1.63%
  • stellarStellar(XLM)$0.283304-0.51%
  • hyperliquidHyperliquid(HYPE)$26.141.66%
  • shiba-inuShiba Inu(SHIB)$0.0000141.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-3.22%
  • hedera-hashgraphHedera(HBAR)$0.188856-0.03%
  • bitcoin-cashBitcoin Cash(BCH)$394.261.06%
  • the-open-networkToncoin(TON)$3.050.09%
  • litecoinLitecoin(LTC)$96.840.48%
  • polkadotPolkadot(DOT)$4.57-0.81%
  • moneroMonero(XMR)$339.111.12%
  • bitget-tokenBitget Token(BGB)$5.052.13%
  • pepePepe(PEPE)$0.0000136.19%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.727.08%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.760.89%
  • bittensorBittensor(TAO)$405.01-3.21%
  • aaveAave(AAVE)$220.07-0.63%
  • nearNEAR Protocol(NEAR)$2.67-0.34%
  • okbOKB(OKB)$52.80-0.89%
  • aptosAptos(APT)$4.97-2.01%
  • ondo-financeOndo(ONDO)$0.90-0.77%
  • kaspaKaspa(KAS)$0.107738-0.81%
  • ethereum-classicEthereum Classic(ETC)$17.83-1.30%
  • internet-computerInternet Computer(ICP)$5.07-0.63%
  • gatechain-tokenGateToken(GT)$21.47-0.08%
  • crypto-com-chainCronos(CRO)$0.096502-0.25%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.79-0.11%
  • mantleMantle(MNT)$0.730.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230241-0.02%
  • vechainVeChain(VET)$0.027398-0.56%
  • render-tokenRender(RENDER)$4.43-1.52%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • ethenaEthena(ENA)$0.3641004.31%
  • algorandAlgorand(ALGO)$0.2152460.45%
  • filecoinFilecoin(FIL)$2.770.06%
  • cosmosCosmos(ATOM)$4.68-0.52%