Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX
2022年5月31日 - 06:00PM
NEWSBTC
Two Ethereum killers are on the brink of price rallies; they
include Avalanche (AVAX) and Solana (SOL). Pentoshi’s Stand On
Solana And Avax Pentoshi, a pseudonymous crypto pundit and analyst,
took to Twitter to say that he presumes Solana (SOL) is about to
change momentum towards a bullish one. Related Reading
| Negative Sentiment Deepens In Crypto, Why Recovery May Not
Last The Solana crypto project traded at a crucial support level
following the massive sell momentum last week. Currently, the SOL
token is trading at $47.89, a 4% growth from the 24-hour circle.
Also, last week, the coin dipped to about $40.33 Avalanche (AVAX)
is the next coin Pentoshi believes worthy of discussion. The
analyst suggests that the coin’s ability to sustain just above its
$25 support level boosts its chances of rallying to hit the $40
level. Currently, the AVAX token is trading at $28.63, a 5% growth
from the 24-hour price. Also, last week, the coin dipped to about
$22.13. Pentoshi also explains a strong possibility for the crypto
market to rally back. Therefore, he believes that once sentiments
change momentum, the market will swing from outright bearishness to
utmost bullishness. Pentoshi predicts that traders and investors
will soon see a turnaround in their trades sooner than later. Thus,
they’ll move from exclaiming it’s a dead bear market to screaming
and rejoicing for alt season. However, the pundit also predicts
that most altcoins may never hit their record-breaking prices
again. SOL And Avax Blockchains Solana provides users with high-end
digital and financial solutions. Being the ‘new kid on the block,’
Solana introduced attractive solutions like low transaction costs,
swift transactions, and others for users to maximize their
opportunities. Solana blockchain utilizes the SOL native token for
utility, governance, and facilitating payments. Although it still
has a long way, Solana is considered one of Ethereum’s ‘killers,’
as it even ranks among the top 10 blockchains by market
capitalization. Related Reading | Polkadot (DOT) Trades
Beneath $11; How Soon Will It Target $14? On the other hand of the
spectrum is the Avalanche cryptocurrency project. Avalanche is a
multi-chain smart contract network created to host decentralized
applications (or dApps). Avalanche is one of the known contenders
for Ethereum, the second-largest blockchain worldwide. However, the
avalanche is known to be more compatible than Ethereum and provides
better support for other applications and projects. Within the past
two weeks, Solana and Avalanche were among the coins leading the
crypto bear market, showing a red flag to traders who went long on
the coins. Even many predicted that Solana and Avalanche would be
among the coins that won’t survive if Bitcoin took another dip.
But, this new week records a difference for the coins. Featured
image from Pexels, chart from TradingView.com
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