Home » Аnalysis » Ethereum Analysis

Ethereum’s Uncertainty Grows as Solana Solidifies Its Dominance

November 22, 2024 17:00 1 min. read
SHARE: SHARES
Ethereum’s Uncertainty Grows as Solana Solidifies Its Dominance

A crypto market observer predicts a potential drop for Ethereum (ETH) compared to Bitcoin (BTC) while expressing optimism about Solana (SOL).

The analyst, known as Altcoin Sherpa on social media, shared insights with his followers, suggesting that Ethereum’s value against Bitcoin (ETH/BTC) might not have reached its lowest point yet. He hinted at a possible decline, even as Bitcoin edges closer to the $100,000 milestone. According to his analysis, the ETH/BTC pair could bottom out between 0.025 and 0.03 BTC.

Currently, ETH/BTC is trading at 0.03412 BTC (approximately $3,363), marking a 4.57% increase in the past 24 hours.

On a different note, the analyst sees significant potential for Solana (SOL). He predicts that the blockchain platform could achieve new all-time highs, citing its role as a hub for decentralized applications and crypto-based gaming. Highlighting Solana’s popularity in the crypto gambling space, he believes the growing interest in such activities will propel SOL’s value even higher during this cycle.

Both projections underline contrasting trends for the two major cryptocurrencies, emphasizing the diverse dynamics at play in the digital asset market.

SHARE: SHARES

Support CryptoDNES

QR for the Bitcoin/Ethereum Address:

QR for the Bitcoin/Ethereum Address:

More from Solana Analysis

Bitcoin Set for Six-Figure Surge, But Expect a Pullback First

A popular crypto analyst is forecasting a major rally for Bitcoin, predicting it could eventually soar to six figures, but cautions that investors should expect a possible dip before the surge. According to Inmortal, Bitcoin is likely to briefly dip to around $85,000 before making its climb toward $100,000. He emphasizes that the cryptocurrency’s trajectory […]

28.03.2025 11:00 2 min. read

Solana’s Network Growth and DeFi Surge Signal Potential for Further Gains

Solana (SOL) has enjoyed strong momentum recently, rising 13% in the past week, now trading at $172. This growth isn’t just due to the overall bullish trend in the crypto market but also driven by Solana’s expanding network. The number of daily active addresses on the network has hit all-time highs, showing increased interest as […]

24.10.2024 15:30 1 min. read

Solana Shows Potential for Rebound Amid Market Optimism – What to Expect

Since the bull market kicked off in late 2023, Solana (SOL) skyrocketed from $20 to $210 by March 2024, marking an extraordinary 850% increase. However, by Q2, SOL’s value dipped below $150, breaking a long-term support trendline. Now, SOL is showing signs of rebounding, sparking optimism about its future potential. Market analyst Ansem pointed out […]

29.07.2024 16:00 1 min. read

What’s Next for Solana’s Price Amid Strong Bullish Momentum?

Solana (SOL) has shown strong upward momentum, breaching the $150 mark and the 50-day simple moving average, suggesting a potential 20% surge if it manages to surpass $162. In recent sessions, Solana’s price has climbed above the critical $140 resistance level amidst a broader bullish trend in the cryptocurrency market. A significant bullish signal was […]

18.07.2024 12:00 2 min. read