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

OCC Greenlights Banks to trade crypto on behalf of customers

2025-05-08

Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

2025-05-08

The founder of Celsius Alex Mashinsky made a 12-year prison sentence for crypto-fraud

2025-05-08
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

    2025-05-08

    Solana’s software supports these Layer-1’s

    2025-05-08

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

    2025-05-08

    Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

    2025-05-08

    Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

    2025-05-08

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08

    Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Solana a Solid Bet for Next Bull Run With Potential for Great Multiples, Says Analyst – But There’s a Big Catch
Analysis

Solana a Solid Bet for 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 followed crypto trader says that the Ethereum (ETH) rival Solana (SOL) has the potential to generate exponential gains for long-term investors.

Pseudonymous trader Altcoin Sherpa tells his 196,200 followers on the 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 long-term bullish on SOL, he says that the road to get to bull territory will likely be bumpy.

“As a network, SOL is still a good one and will probably be a solid bet for the next bull run. I’ve got a long-term bag that I’ll just hold because I expect great multiples on it later on. But in the short term, it’s likely going to be painful.” 

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

Court documents show that FTX currently holds about $1.16 billion worth of SOL.

According to the trader, FTX’s liquidation may trigger cascading prices that could send SOL to as low as $5.

“The next point of interest is the $17-$15.50 area. Lots of scared investors in regard to a potential FTX holdings liquidation.

Does this mean that SOL is done? No, in fact, I think this big sell-off (if it happens) creates a bottom for Solana. It’s one of the last big questions in regard to the big supply. If FTX gets liquidated, expect the price to capitulate to sub $10 ($5 maybe?), and then V reverse.”

Image
Source: Altcoin Sherpa/X

A V-shaped reversal is a technical pattern where an asset witnesses a steep move down followed by a big move to the upside.

See also  Top trader predicts bullish continuation for Solana after corrective move, says SOL remains in monstrous uptrend

While Altcoin Sherpa says it is in the realm of possibility for SOL to reach $5, he says that the downside target is a “longshot,” and he would start accumulating the Ethereum challenger at $10.

At time of writing, SOL is worth $17.76.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf 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

Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

2025-05-08

Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

2025-05-08

Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

2025-05-08

XRP is forming bullish reverse dragon head pattern, how high can the price go?

2025-05-08
Add A Comment

Comments are closed.

Top Posts

US Bitcoin Reserve will enrich “President Trump and allies, no taxpayers’ – legislator

2025-03-15

Hong Kong watchdog warns against foreign entities posing as crypto ‘banks’

2024-11-15

Catizen (CATI) rises 10% after multiple stock market listings

2024-09-22
Editors Picks

Browsing the web → Get paid when you see an ad → Save that money on the Solana network

2024-02-27

What is Xai? The Rising Ethereum Layer-3 Gaming Network on Arbitrum

2024-04-26

Circle denies allegations of terrorist financing and ties to Justin Sun

2023-12-01

Bitcoin price technical breakdown could push BTC to $25K

2023-05-12
About
About

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

OCC Greenlights Banks to trade crypto on behalf of customers

Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

The founder of Celsius Alex Mashinsky made a 12-year prison sentence for crypto-fraud

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$102,775.994.58%
  • ethereumEthereum(ETH)$2,194.2119.53%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.317.95%
  • binancecoinBNB(BNB)$626.213.59%
  • solanaSolana(SOL)$162.348.83%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.19532311.78%
  • cardanoCardano(ADA)$0.7611.99%
  • tronTRON(TRX)$0.2567702.85%
  • suiSui(SUI)$4.0218.01%
  • chainlinkChainlink(LINK)$15.7512.15%
  • avalanche-2Avalanche(AVAX)$22.2012.00%
  • stellarStellar(XLM)$0.29313411.61%
  • shiba-inuShiba Inu(SHIB)$0.00001410.59%
  • bitcoin-cashBitcoin Cash(BCH)$417.277.81%
  • hedera-hashgraphHedera(HBAR)$0.1944859.54%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.48%
  • the-open-networkToncoin(TON)$3.205.64%
  • hyperliquidHyperliquid(HYPE)$23.3610.35%
  • litecoinLitecoin(LTC)$94.483.53%
  • polkadotPolkadot(DOT)$4.4610.54%
  • moneroMonero(XMR)$296.895.29%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.495.18%
  • piPi(PI)$0.6814.33%
  • ethena-usdeEthena USDe(USDE)$1.00-0.07%
  • pepePepe(PEPE)$0.00001130.72%
  • uniswapUniswap(UNI)$6.0522.49%
  • bittensorBittensor(TAO)$424.5513.55%
  • aptosAptos(APT)$5.5313.94%
  • nearNEAR Protocol(NEAR)$2.7317.10%
  • okbOKB(OKB)$52.943.91%
  • aaveAave(AAVE)$204.6916.46%
  • ondo-financeOndo(ONDO)$0.9810.13%
  • ethereum-classicEthereum Classic(ETC)$18.5613.25%
  • internet-computerInternet Computer(ICP)$5.2310.42%
  • gatechain-tokenGateToken(GT)$21.752.28%
  • crypto-com-chainCronos(CRO)$0.0980795.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.24983913.42%
  • kaspaKaspa(KAS)$0.0986666.24%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.7814.14%
  • mantleMantle(MNT)$0.755.63%
  • vechainVeChain(VET)$0.02860413.47%
  • render-tokenRender(RENDER)$4.719.51%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.34158724.96%
  • filecoinFilecoin(FIL)$2.9411.71%
  • algorandAlgorand(ALGO)$0.22578811.54%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7811.27%
  • bitcoinBitcoin(BTC)$102,775.994.58%
  • ethereumEthereum(ETH)$2,194.2119.53%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.317.95%
  • binancecoinBNB(BNB)$626.213.59%
  • solanaSolana(SOL)$162.348.83%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.19532311.78%
  • cardanoCardano(ADA)$0.7611.99%
  • tronTRON(TRX)$0.2567702.85%
  • suiSui(SUI)$4.0218.01%
  • chainlinkChainlink(LINK)$15.7512.15%
  • avalanche-2Avalanche(AVAX)$22.2012.00%
  • stellarStellar(XLM)$0.29313411.61%
  • shiba-inuShiba Inu(SHIB)$0.00001410.59%
  • bitcoin-cashBitcoin Cash(BCH)$417.277.81%
  • hedera-hashgraphHedera(HBAR)$0.1944859.54%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.48%
  • the-open-networkToncoin(TON)$3.205.64%
  • hyperliquidHyperliquid(HYPE)$23.3610.35%
  • litecoinLitecoin(LTC)$94.483.53%
  • polkadotPolkadot(DOT)$4.4610.54%
  • moneroMonero(XMR)$296.895.29%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.495.18%
  • piPi(PI)$0.6814.33%
  • ethena-usdeEthena USDe(USDE)$1.00-0.07%
  • pepePepe(PEPE)$0.00001130.72%
  • uniswapUniswap(UNI)$6.0522.49%
  • bittensorBittensor(TAO)$424.5513.55%
  • aptosAptos(APT)$5.5313.94%
  • nearNEAR Protocol(NEAR)$2.7317.10%
  • okbOKB(OKB)$52.943.91%
  • aaveAave(AAVE)$204.6916.46%
  • ondo-financeOndo(ONDO)$0.9810.13%
  • ethereum-classicEthereum Classic(ETC)$18.5613.25%
  • internet-computerInternet Computer(ICP)$5.2310.42%
  • gatechain-tokenGateToken(GT)$21.752.28%
  • crypto-com-chainCronos(CRO)$0.0980795.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.24983913.42%
  • kaspaKaspa(KAS)$0.0986666.24%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.7814.14%
  • mantleMantle(MNT)$0.755.63%
  • vechainVeChain(VET)$0.02860413.47%
  • render-tokenRender(RENDER)$4.719.51%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.34158724.96%
  • filecoinFilecoin(FIL)$2.9411.71%
  • algorandAlgorand(ALGO)$0.22578811.54%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7811.27%