[Solana Price: Can it hit $1,000 like Ethereum? 】
Cryptocurrency analyst Kaleo started the discussion on the X platform by noting that Solana’s (SOL) current price action bears a striking resemblance to Ethereum’s (ETH) trend before its surge in late 2020. Kaleo believes that if Solana can replicate Ethereum’s growth, reaching its $1,000 price target is not out of the question.
This observation sparked a lot of buzz about Solana’s future. Some users believe Solana could reach $1,000 if the U.S. Federal Reserve adopts looser monetary policy in September; others said they have predicted Solana will reach this target for months.
However, some observers are skeptical and believe that using Ethereum's historical data to predict Solana's trend is more like gambling. One commenter pointed out that if Solana did hit $1,000, its market cap would surpass Ethereum, which is unlikely to happen.
Notably, Kaleo’s analysis does not suggest that Ethereum’s value will stagnate when Solana reaches $1,000.
