Solana – a Bitcoin rival
October 22, 2021 (Investorideas.com Newswire) Bitcoin rival Solana will hit new all-time highs of $ 250 by the end of 2021, predicts the boss of one of the largest independent financial advisory, management organizations of assets and fintech in the world.
The bullish forecast from Nigel Green, founder and CEO of deVere Group, which has $ 12 billion under advisement, comes as the price of Solana (SOL) jumped 25% in two days amid a dynamic week for d ‘other cryptocurrencies, including Bitcoin which hit a new high of over $ 66,000 on Wednesday.
Currently, at the time of writing, Solana costs $ 208. Its previous record price was $ 214 reached in September of this year.
Mr Green said: âSolana is certainly a rising star in crypto. With its price skyrocketing more than 100 times since the start of the year, its potential is becoming impossible to ignore.
“I think its bull run will continue for the remainder of this quarter and hit new all-time highs of $ 250 by the end of 2021.”
DeVere’s boss and leading crypto advocate predicted in July that Bitcoin would surpass its previous all-time high this year – which was proven this week. Likewise, he recently nailed his prediction that Cardano would hit $ 3.
He comments: âSolana has broken through some key resistance levels in recent weeks, indicating that investors are not worried about downward pressures.
“It is gaining momentum and, consequently, a growing number of active holders. There is no reason to expect this to slow down significantly before the end of the year.”
Solana is a decentralized blockchain that provides developers with a cutting-edge platform to build infinitely scalable DeFi applications and enable staking.
âThe DeFi industry is about to explode due to the inherent real world value it can offer to almost any industry.
“Investors increasingly understand the value of the network not only as a platform for developers, but as a global financial utility.”
Mr Green concludes, “Solana is poised to quietly outperform the rest of the crypto market this year. This is one to watch.”
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deVere Group is one of the world’s largest independent advisors of specialized global financial solutions for international, local affluent and high net worth clients. It has a network of more than 70 offices around the world, more than 80,000 clients and $ 12 billion in consulting.
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