In a new video, the analyst pseudonymously known as InvestAnswers tells his 565,000 YouTube subscribers that Solana against Bitcoin (SOL/BTC) is likely on the verge of an explosive breakout.
Bitcoin is in an uptrend, but one Ethereum rival will likely outperform the flagship crypto asset, according to a widely followed analyst.
In a new video, the analyst, who is pseudonymously known as InvestAnswers, says that Solana against Bitcoin (SOL/BTC) is likely on the verge of an explosive breakout.
“SOL/Bitcoin chart is recovering. You can see it went on a huge parabolic move in the last bull run. Then we had the bear market, fell down to the bottom. We never got nearly bottom again this time around, which is a very positive sign.
The pair was flat, which means that Solana was recovering at the same rate as Bitcoin. Then Solana went on a rampage.
The analyst adds that Solana may increase by more than 136% of its current value.
“Very likely we get back to all-time highs and approximately $300-plus, maybe $360.”
SOL/BTC is trading for 0.001608 BTC ($152) at time of writing.
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