Can These Two Cryptos Outperform Ethereum During the Next Bull Run?
In this article, we will explore the unique offerings of these two tokens and analyze which is the best cryptocurrency to invest in in 2023.
Ethereum (ETH) Price Analysis, Can It Be Reliable This Year?
Ethereum (ETH) has seen its price decline recently, dropping by 2,043 percent in four days, falling from US$ 1,622 on September 17 to US$ 1,589 on September 21.
A number of pessimistic analysts are warning that Ethereum's decline below the critical support level of US$ 1,600 may be a sign of the start of a long downward trend in the near future.
An anonymous large Ethereum holder had moved a large amount of 30,000 ETH tokens, worth around US$ 50 million from September 18 to September 21 to various crypto exchanges. This activity has raised concerns about increased selling pressure on Ethereum.
Solana (SOL) Price Outlook: Heading for a New Top or a Sharp Drop?
The price of Solana (SOL) has experienced a recent price increase, rising by 4.40 percent in seven days, from US$ 18.84 on September 14 to US$ 19.67 on September 21. Its impressive market capitalization ranking, which ranked Solana at 10th with a value of US$ 8.1 billion as of September 21, has contributed to its positive momentum.
Optimistic Solana supporters anticipate that the token will maintain its upward trend and reach levels above US$ 23 in the next two weeks. Visa's announcement of its partnership with Solana on September 5 was a game-changing development and cemented SOL's status as one of the best altcoins for investment consideration.
Meanwhile, Solana's pessimistic predictions show a potential decline below the US$ 17 level in early October. This pessimism has to do with the imminent liquidation of FTX's large, FTX-linked SOL holdings.
