A smash hit altcoin has soared by around 1,000 since the beginning of the year, and its smash hit could more than triple again, according to a closely watched crypto analyst.
In a new update, the anonymous host of InvestAnswers told him about 46With 10,000 YouTube subscribers, the smart contract platform Solana (SOL) is still likely to see significant growth in the future
According to the strategist, he is optimistic that Solana's market share will rise to 3, and the entire crypto market capitalization will rise to $5 trillion. SOL market share is a metric that tracks the proportion of total crypto market capitalization that belongs to Ethereum (ETH) competitors.
The analyst noted that Solana's increased market share, combined with the rise in the overall crypto market cap, could mean that SOL's ** could exceed $300.
SOL's market share has reached 24％，2.5％。Can it reach 3?Yes - if so, 5 trillion 3 is $150 billion, which would push Solana's to $363. If you asked me a year ago if I could reach $8 when sol** was $363, I would have said you were crazy. Now, it's absolutely doable. ”
Looking at another indicator, the analyst said that if SOL's share in the Ethereum market cap increases to only 20, this will bring Solana's ** target to $366.
$366 is very similar to $363, which is a calculation based on a total market capitalization of $5 trillion with a crypto market share of 3. So the two almost exactly coincide, which is why it's been an easy crossover goal in my calculations since 2021. ”
Solana's transaction** is 112$8 towards the analyst's target means SOL has more than 228 potential.
More analysis, focus on the universe.