Ali Martinez, a crypto-analyst who is closely followed by the public, says that Solana could be in for a surprise. SOL bulls.
Martinez believes that Solana’s recent outages and consolidation since the annual high have led to a drop in SOL’s sentiment.
Solana dealt with some traffic issues late last week. These were partially caused by the rush of users who wanted speculative information on memecoins.
Martinez thinks it’s time for SOL to take a counter-intuitive turn.
“Crowd sentiment for SOL hasn’t been this low since the Solana network outage on February 6th. Being contrarian now might just pay off!”
Solana’s current price is $176.92.
Martinez has also been keeping a close eye on Cardano.ADA). Analysts claim that a current slowdown of ADA whale activity could indicate a future consolidation, or even a correction for Ethereum.ETH) rival.
“Cardano is experiencing a lull in whale activity, signaling potential for further ADA price consolidation or an impending drop.”
At the time of this writing, ADA was worth $0.584.
Martinez points out that Bitcoin is worth over $7.6 billion. BTC Investors are withdrawing coins from wallets that link to cryptocurrency exchanges to store them cold.
“In the last month, almost 111,000 BTC, valued at approximately $7.55 billion, have been moved out of known crypto exchange wallets!”
Bitcoin currently trades at $69 793.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check out the latest news and updates on our website. Price Action
Join us! Twitter, Facebook The following are some examples of how to get started: Telegram
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Do your research before investing high risk money in Bitcoins, cryptocurrencies or digital assets. Your transfers and transactions are entirely at your own risk. own You are responsible for any losses you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl is an affiliate marketer.
Midjourney – Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com