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Solana Set for 870% Surge as Ethereum Prepares for Cancun Upgrade

• Crypto analyst predicts Solana (SOL) could skyrocket by 870% once Ethereum’s bull run starts.
• The surge would bring the token close to its all-time high of $250, from its current price of $25.75.
• Analyst expects Ethereum’s Cancun upgrade to trigger the rally, with Bitcoin also expected to increase by over 40%.

Crypto Analyst Predicts Solana To Skyrocket

A widely followed crypto analyst believes that Solana (SOL) will come close to its all-time highs once Ethereum (ETH) kicks off its bull market. In a new strategy session, the host of InvestAnswers tells his 446,000 YouTube subscribers that Solana could go up to $250, an increase of more than 870% from its current price of $25.75.

Ethereum’s Cancun Upgrade Could Trigger Rally

According to the pseudonymous analyst, Solana’s rise will likely be triggered by Ethereum’s Cancun upgrade, which is expected to further elevate the leading smart contract platform’s scalability. The InvestAnswers host mentions a prediction made by Blofin, a crypto-financial services firm that sees Ethereum rising to $9,700 following the update.

Bull Run May Take Place in Early 2025

While the InvestAnswers host believes that Ethereum could rally to $9,700, he doesn’t see the surge happening in the coming months. “Great to see $ 9,700 ETH. Maybe we’ll see in the bull run. I doubt we’ll see it in the first quarter of 2024, but perhaps early 2025.”

Bitcoin Also Expected To Increase By Over 40%

Looking at Bitcoin (BTC), the anonymous analyst reiterates his prediction that the flagship crypto asset will soar by over 40% from current levels by early next year. “I did say many times a few months ago, I would not be surprised if we had a $42,000 Bitcoin target by somewhere between January and April of 2024.” Bitcoin is trading at $29,804 at time of writing.

Disclaimer: Not Investment Advice

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk