Altcoin Insights: A Crypto Analyst’s Take on the Current Market Upswing
- Pendle rose a massive 20% after Arthur Hayes dumped his holdings.
- TAO, SUI, APT, and SEI continue to print higher highs.
- Meme coins like WIF, SUNDOG, and POPCAT are not interesting.
Crypto Stream, an altcoin analyst, discussed a few promising cryptocurrencies and their potential for a bullish rally on X (formerly Twitter). He also explored whether this is a good time for investors to enter positions on these altcoins given the current market upswing.
In the X post, the analyst pointed out that Pendle (PENDLE) saw a significant price increase after Arthur Hayes, co-founder of BitMEX, sold all his tokens at a loss of $1.29 million.
Another top performer of the week has been Bittensor (TAO), an AI project. The analyst mentioned that traders have been eagerly awaiting an entry point. According to CoinMarketCap data,…
The post Altcoin Insights: A Crypto Analyst’s Take on the Current Market Upswing appeared first on Coin Edition.
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Solana: ChatGPT Predicts When SOL Will Reclaim Its $259 Peak
Solana (SOL) has made quite a comeback over the last two years. The asset’s price tanked after the collapse of FTX in November 2022, falling to below $10. Since its 2022 lows, SOL has had quite the journey, going over $200 earlier this year. The asset is up by 646.5% since September 2023.
Despite its incredible performance over the last two years, SOL has struggled to reclaim its all-time high of $259.96, which it attained in November 2021, nearly three years ago.
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When Will Solana Reclaim Its All-time High?
SOL’s Required Rally
To hit $259.96 again, SOL will need to rally by about 78.6%. When asked when Solana (SOL) may reclaim its all-time high, ChatGPT said that predicting an exact time is difficult due to the market’s volatility and unpredictability.
Attributes Making SOL An Attractive Investment
The AI chatbot highlighted the attributes that make SOL an attractive investment. The SOL network has high throughput and low fees. Many analysts anticipate SOL will eventually overtake the Ethereum (ETH) network. ChatGPT also highlights the network’s growing ecosystem, strong community, and development.
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Changelly’s Prediction
According to Changelly analysts, Solana (SOL) could hit a new all-time high of $261.24 in May 2026.
Telegaon’s Bullish Prediction
The analysts at Telegaon are far more bullish on SOL than Changelly’s. The platform anticipates the asset to hit a new all-time high of $305.16 this year. Hitting $305.16 from current prices will translate to a rally of about 109.7%.
Telegaon analysts anticipate SOL to breach the $500 mark by 2026, hitting a potential maximum cost of $506.39. Reaching $506.39 from current prices will entail a rally of about 248%.
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Solana (SOL) has had an incredible few years, and its bullish momentum will likely continue in the foreseeable future.
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