The crypto-strategist who is widely followed predicts that Ethereum will reach one billion (ETHAfter a stock market correction, a competitor may go on an explosive rally.
Altcoin Sherpa, a pseudonymous analyst tells Solana has 215,600 fans on the social networking platform X.SOL() could retest at $120, before the parabolic rise to over $500 in later years.
“SOL: as long as the alt market continues to bleed, $120 might be the next area of interest. That said, I still strongly feel SOL is going to $500+ this year. Dollar-cost average and just be patient.”
Solana currently trades for $125, down almost 7% over the past 24 hours.
The next step is the trader says The smart contract platform Avalanche is a new (AVAXThe, which is currently at support of $31.18, could move higher.
“AVAX: haven’t checked this chart in a while, I sold all my AVAX at $40ish on the first run up. Expecting this to just do ok this cycle. There are better narratives and ‘better tech.’ One thing that this has though is more supply on the market and less sell pressure, something to consider.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/1714564684_329_Trader-Predicts-Massive-Rallies-for-Solana-This-Year-Updates-Outlook.jpeg)
As of the date this is written, Avalanche has fallen 5.7% over the past 24 hours.
Last but not least, there is the trader warns Bitcoin (BTCIf it does not hold the key range of support in the lower $60,000s, then the price could fall into the $50,000s.
“BTC: this area is still support until shown otherwise. While I admit it’s scary and this looks like a weakening area (more time it’s tested the weaker it gets) this is still an area to bid. Break below and we see the low, mid $50,000s in my opinion.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Trader-Predicts-Massive-Rallies-for-Solana-This-Year-Updates-Outlook.png)
Bitcoin was trading for $62,533 as of the time this article is written, a drop of 4.6% from its previous 24 hour price.
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