{"id":2446,"date":"2024-01-21T00:18:38","date_gmt":"2024-01-21T00:18:38","guid":{"rendered":"https:\/\/prendergast.net\/?p=2446"},"modified":"2024-01-21T00:18:38","modified_gmt":"2024-01-21T00:18:38","slug":"why-experts-foresee-solana-sol-outshining-ethereum-eth-by-500-in-the-next-bull-run","status":"publish","type":"post","link":"https:\/\/prendergast.net\/?p=2446","title":{"rendered":"Why Experts Foresee Solana SOL Outshining Ethereum ETH By 500 In the Next Bull Run"},"content":{"rendered":"
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Why Experts Foresee Solana (SOL) Outshining Ethereum (ETH) By 500% In the Next Bull Run<\/span><\/h1>\n

By Newton Gitonga<\/a> – January 19, 2024<\/p>\n

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The co-founders of leading crypto analytics firm Glassnode, Jan Happel and Yann Allemann, foresee Solana (SOL) outperforming Ethereum (ETH) by a staggering 500% in the next bull run.<\/p>\n

The duo who operate under the X account “Negentropic” recently shared their optimistic outlook on Solana’s potential ascent. Notably, their perspective was inspired by a recent interview featuring macroeconomist Henrik Zeberg and Global Macroinvestor CEO Raoul Pal, where the discussion centered around the potential for a remarkable rally in the SOL\/ETH chart.<\/p>\n

Notably, the interview host asked Pal and Zeberg about their crypto preferences for a $10,000 investment over a 12-month period, specifically focusing on Ethereum and Solana in terms of risk-adjusted returns.<\/p>\n

Pal and Zeberg, examining Solana’s recent performance trend, expressed strong confidence in its significant momentum. They anticipated Solana maintaining its upward trajectory, surpassing Ethereum, as indicated by the SOL\/ETH chart.<\/p>\n

That said, Glassnode’s co-founders delved into Pal and Zeberg’s analysis to answer the intriguing question of how much Solana could potentially outperform Ethereum. According to insights from Glassnode’s analytics, the current SOL\/ETH ratio stands at around 0.14, and the co-founders anticipate a substantial increase in the ratio.<\/p>\n

“We all watched Zebergand and Paul talking about SOL-ETH ratio. They both agreed it looks BULLISH. But – just how much could the ratio rally? This chart suggests, that the SOL\/ETH ratio could rise to ~0.76 from current level of ~0.14. In other words, SOL may outperform ETH by 4-5X into the Crypto top.” Negentropic remarked.<\/p>\n

<\/p>\n

Contrary to an isolated rally for SOL, the market experts also anticipated a significant bullish rally for Ethereum.<\/p>\n

That said, following a remarkable surge last month that propelled it to reach an impressive $126, SOL has experienced a subsequent retracement attributed to profit-taking by investors and the broader market downturn, particularly influenced by Bitcoin’s performance after the spot BTF approval.<\/p>\n

However, despite this setback, bullish sentiments surrounding Solana remain notably high. In a Friday tweet, analyst “Crypto Simon” noted that the SOL\/USDT price chart is signalling a potential breakout from its descending channel, suggesting a shift towards an upward trend. He further highlighted a high probability of a bullish movement originating from the support level around $98, with SOL poised to target resistance levels near $128.<\/p>\n

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At press time of the latest update, Solana was trading at $89.31, reflecting a 6.36 % decline over the past 24 hours. Ethereum, on the other hand, was trading at $2,438 after experiencing a similar 3.8% decrease during the same timeframe. Despite this decline, Solana’s one-year trajectory remains notably robust at 340.43%, surging from around $20. In contrast, Ethereum’s one-year trajectory is comparatively lower at 60.72%, indicating growth from $1,500.<\/p>\n

DISCLAIMER:<\/strong> None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.<\/p>\n

The original article written by Newton Gitonga<\/a> and posted on ZyCrypto.com<\/a>.<\/p>\n

Article reposted on Markethive by Jeffrey Sloe<\/a><\/p>\n

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing<\/a> at Commercial Funding International. **<\/strong><\/p>\n

<\/p>\n

Tim Moseley<\/p>\n","protected":false},"excerpt":{"rendered":"

Why Experts Foresee Solana (SOL) Outshining Ethereum (ETH) By 500% In the Next Bull Run By Newton Gitonga – January 19, 2024 The co-founders of leading crypto analytics firm Glassnode, Jan Happel and Yann Allemann, foresee Solana (SOL) outperforming Ethereum (ETH) by a staggering 500% in the next bull run. The duo who operate under … Continue reading Why Experts Foresee Solana SOL Outshining Ethereum ETH By 500 In the Next Bull Run<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[140,245],"_links":{"self":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/posts\/2446"}],"collection":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2446"}],"version-history":[{"count":0,"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/posts\/2446\/revisions"}],"wp:attachment":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}