Solana up Over 10%, Surges Past $86

Solana is currently trading at its highest price since April 2022 after pumping 14% and surpassing $86. Its market cap is $36 billion, after flipping XRP’s yesterday to become the fifth largest cryptocurrency.

Meanwhile, the Bitcoin Minetrix presale is exploding after surpassing $5.6 million and being backed to 100x by a top analyst.

Analyst Predicts Solana Could Hit $100 Shortly, but Others Warn of Pullback First

Given Solana’s recent meteoric trajectory, analysts are rushing to provide predictions on where its price could be headed next.

Overall, the market is notably bullish on Solana, with one popular prediction coming from analyst Johnny, who believes Solana will hit $110 in January and other ecosystem tokens will explode even more.

“Solana hits $110 before the end of Jan. All the top ecosystem coins on Solana that have done a 5x in the last 3 months will do another 5x, leaving people sidelined and in disbelief,” Said Johnny.

Corgil also believes Solana could exceed $100 soon. Provided Bitcoin holds $42K, we could see SOL reach $120 in December, according to the trader.

Meanwhile, others are noting Solana’s relative strength compared to other top cryptos like Bitcoin and Ethereum.

Analyst Bluntz highlighted that Solana has just broken out of a 4-hour trading range against Bitcoin, indicating it could begin to significantly outperform the market leader in the coming days.

Crypto commentator MartyParty analyzed Solana’s performance against Ethereum, urging his followers to buy Solana under $100.

MartyParty then provided data showing Solana outperforming Ethereum regarding daily active addresses and daily transactions. The data also indicates Solana is closing in on Ethereum’s TVL and DEX volume.

However, other analysts believe there may be a potential consolidation or pullback after Solana’s extended run-up.

One is Curb, comparing Solana’s price action to Bitcoin’s in 2015 and Ethereum’s in 2019.

“MEME Coin Season & Altcoins/NFT’s run while we Consolidate/Re-Accumulate between ~$55-$95 $SOL for a couple more months (blue box).

STACK as much #SOL as possible for 2024-2025 MEGA SOL-BULL,” Said Curb.

So, while Solana undoubtedly holds long-term potential, it may first be poised for a cooling-off period, enabling newer cryptos to explode as liquidity cycles down the market.

According to analysts, one of the cryptos poised with the most potential is Bitcoin Minetrix, a new presale that recently surpassed $5.5 million.

Groundbreaking Stake-to-Mine Bitcoin Minetrix Surges Past $5.5M at Presale

Bitcoin Minetrix is a revolutionary new platform enabling users to cloud mine Bitcoin from the Ethereum network.

It is currently undergoing a presale, enabling investors to get in at the lowest price before it is listed on exchanges.

The project works by users staking $BTCMTX tokens in exchange for Bitcoin mining credits. They can then burn these credits for cloud mining power, translating to free Bitcoin.

This process requires no technical expertise or hardware; users can get started with just an Ethereum-compatible wallet like MetaMask. As such, Bitcoin Minetrix removes the main Bitcoin mining complexities, making it more beginner-friendly and increasing the chance of mainstream adoption.

Another benefit to the project is that the decentralized and transparent $BTCMTX token eradicates the risk of cloud mining scams. This is a significant advantage over other Bitcoin Minetrix’s competitors, with scams and security issues long being a deterrent to cloud mining.

Analysts are massively bullish on the project, with Jacob Bury predicting it could 10x after its IEO. Meanwhile, No Bs Crypto is even more bullish, forecasting it could 100x.

However, those looking to buy $BTCMTX at the best price should act fast. The presale currently costs $0.123, but this will incrementally rise throughout with the next increase in one day.

Visit Bitcoin Minetrix Presale

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