Although the crypto money market is rising after the XRP decision, it continues its stagnant price movement. In particular, the inability of altcoins to make the expected increase and the decrease in volumes reduce the appetite of investors. As the process progresses, one of the popular analysts InvestAnswers shared its long-term price forecast for Solana (SOL).
Popular analyst says Ethereum for Solana’s rise Cancun He said it might be a trigger. Based on the idea that there may be a significant increase in the price of ETH after the upgrade, InvestAnswers thinks that this may also push the SOL price up;
“According to Blofin, the price after Ethereum Cancun upgrade, ETH in the first quarter of 2024 It can exceed $9,700 per head. This price prediction is the most positive. What if ETH price rises to this level? What will be the SOL price? I calculated for you, in this case Solana will cost at least $250.”
Solana (SOL) price is trading above the $25 level as of writing. Positive opinions continue about SOL, which is among the 5 altcoins that have risen after the Ripple SEC Case decision. When the new upward movement in altcoin prices comes, it can take its place among the attention-grabbing ones.