Based

Solana

<ul class="wp-block-list news-points"> 
 <li><strong>An analyst observes that Solana’s current price action resembles Ethereum’s pre-2020 rally.</strong></li> 
 <li><strong>Based on the resemblance, he projected a $1,000 price point.</strong></li> 
 <li><strong>Community reactions mixed on Solana’s potential to hit $1K.</strong></li> 
</ul> 
<p>Crypto analyst Kaleo sparked excitement on X (formerly Twitter) by highlighting similarities between Solana’s (<a href="https://coinedition.com/solana-outperforms-market-analysts-eye-100x-potential/">SOL</a>) current price chart and Ethereum’s (ETH) just before its significant rally in late 2020. Kaleo suggests that if Solana mirrors Ethereum’s growth from that point, a $1,000 price target for SOL isn’t out of the question.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The current <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> chart looks incredibly similar to what <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> did in late 2020 prior to sending to new ATHs.<br><br>If Solana manages similar growth from the previous ATH that ETH did last cycle during this bull market, $1K SOL is a reasonable target. <a href="https://t.co/JYqaLtomUs" target="_blank" rel="nofollow">pic.twitter.com/JYqaLtomUs</a></p>— K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1823085714856202540?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 12, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Kaleo’s close examination of Solana’s recent price chart reveals striking parallels to Ethereum’s trends before it soared to new all-time highs. This pattern has fueled speculation that Solana could follow in Ethereum’s footsteps, potentially reaching unprecedented price levels if broader market condition…</p>
<p>The post <a href="https://coinedition.com/solana-price-could-it-reach-1000-like-ethereum-did/">Solana Price: Could it Reach $1,000 Like Ethereum Did?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Solana Price: Could it Reach $1,000 Like Ethereum Did?

Coin Edition

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