🚨 Be Ready to Take Entry 😲
🔥Solana price could fall 40% to $80, says analyst: 😱😱😱😱
✍️ Solana could bleed down to an $80 price point as institutional ETFs and meme coin trading slow.
Crypto expert Andrew Kang, co-founder of a crypto-focused venture capital company, suggested in a recent post that market shifts in ETF integration could slow down Solana’s (SOL) bullish sentiment.
✍️ Kang believes that Solana (SOL) has shown strong performance recently but could be affected by the unpredictable demand from meme traders. If meme trading decreases in the future, the price of SOL could fall hard to the $80 level.
✍️ Kang also mentioned that despite the potential impact of meme traders, the underlying technology and long-term potential of Solana could support its price in the future.
📺 ETF integration:
Kang contended that the delayed integration of ETFs into wealth management platforms could significantly impact the cryptocurrency market. Most of the expected influx of ETF money is now projected to come in quarter four or toward the end of the year.
✍️ In the absence of substantial ETF inflows, the momentum in the cryptocurrency market could be reversing from upward to downward. However, Kang believes that Bitcoin (BTC) will maintain its strength, with prices unlikely to fall below the $50,000 mark.
#BNBHODLer #Megadrop #BinanceTournament #Solana_Blockchain #SolanaDown $BTC $ZK
