Analysts believe that Solana is an altcoin to watch for a potential rise to $1,000. However, network data suggests that $300 is a more realistic expectation, leading investors to ETFSwap (ETFS), a new presale token with the potential to rally higher.
At $300, the profit margin on Solana is modest, which has led early investors to pursue the projected 50,000% returns on ETFSwap (ETFS). Investors are scrambling for entry on the altcoin presale amid the limited window to buy for cheap.
Solana Shows Prospects But Is $1,000 Possible?
Solana is considered the best-performing altcoin of the current cycle amid the bearish market overhang. As of this writing, the altcoin is trading at $144, showing a 485% price increase over the past year. Its impressive performance over the past year has resulted in predictions of $1,000. However, market experts believe that it may be an overambitious price target.
Solana retested $110 in the market crash on August 5 but has shown strong recovery, encountering resistance at $150. An analyst noted that Solana is imitating ETHâs price movement in 2020, which led the altcoin to its all-time high. Crypto analyst on X CryptoKaleo suggested that Solana could potentially rise to $1,000, mirroring Ethereumâs 2020 movement.
However, the short-term metrics on Solana show diminishing activity, which is not considered a signal for a potential bull run. Moreover, Solana trading at $1,000 will result in a $500 billion market cap, which is considered an unreal milestone for the altcoin. Ethereum (ETH) only managed to hold that capitalization for 40 days at the height of the 2021 bull run.
Market experts believe that $300 is a much more realistic price target to set for Solana amid potential price drivers like the spot Solana ETF applications. Nonetheless, new presale altcoin ETFSwap (ETFS) has been established as the more profitable option for investors looking to book huge gains.
ETFSwap (ETFS) Is Considered The Better Choice Of Altcoin
The market is mesmerized by the prospects of the new ETF trading platform ETFSwap (ETFS) as the presale continues to receive massive investment. This new project has caught the attention of institutional and retail investors alike as the future of trading. ETFSwap (ETFS) presents a new blockchain-based protocol to trade tokenized ETFs.
These tokenized assets are backed by true ETF securities purchased from traditional markets. ETFSwap (ETFS) aims to democratize the ETF market and list assets from industries, including healthcare, engineering, technology, energy, and crypto. The emergence of spot crypto ETFs has particularly contributed to the growth of ETFSwap (ETFS).
The emerging ETF trading platform is even projected for higher growth amid speculations on spot Solana and XRP ETFs. Experts believe that the narratives around new crypto ETFS set the ETFS token up for a 108x price surge from its current presale price.
ETFSwap (ETFS) presents some new use cases compared to trading on traditional markets. Some of these include quick crypto-to-ETF swaps, fast ETF settlements, passive income from staking yields, better access to liquidity, no-KYC trading, a 24/7 open market, and more. The new ETF trading platform presents itself as the bridge between the centralized and decentralized markets and the best of both worlds.
Furthermore, ETFSwap (ETFS) has impressed investors as a comprehensive trading platform for both crypto and ETFs. The new platform will feature advanced trading tools and access to real-time data. Users will also be able to capitalize on market-making opportunities and futures trading with up to 50x leverage for higher profits.
Amid the growing popularity of ETFSwap (ETFS), the team behind the project has completed a full KYC audit by SolidProof. This development guarantees presale investors extra security that they are investing in a verifiable team.
Conclusion
Solana (SOL)) has been impressive in the market, but investors have started to look to the more promising ETFSwap (ETFS) over the altcoin. This shifting market trend makes sense considering the massive profit predictions on the new ETF trading platform as it records success on presale.
Seize the early opportunity on ETFSwap (ETFS) now and buy at $0.01831 before the price rises to $0.03846.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
The post Can Solana Still Rise To $1,000? Market Expert Says This Altcoin Is A Better Choice appeared first on Blockonomi.
