Solana Price Prediction: Inflows Flock To SOL As Analyst Sees 46% Upside, But This Spot Bitcoin ETF Coin Might 10X

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Updated: 21 November 2023

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The Solana price has seen a correction of 5% in the last 24 hours, bringing its price to $56.36 as of 11:45 am EST, following a massive 100% surge that the coin has seen over the past 30 days.

Despite the current correction, however, one analyst expects another 46% upside, and inflows into SOL outpaced every other cryptocurrency except Bitcoin in the past week, said a CoinShares report.

Solana Price Prediction: Solana Rally Is Coming, Claims Well-Known Analyst

A well-known analyst and trader who managed to call the floor price of BTC during the 2018 bull market now claims that Solana is one of the cryptocurrencies that will be the next to see a significant burst to the upside.

Known as Bluntz on X, the analyst told his 229,100 followers that SOL seems ready to rally after the recent pullback to $54.78. The trader believes the pullback set the stage for a new 2023 high, exceeding SOL’s yearly high of $67.76.

$sol looking like a series of 1-2s from the lows on LTFs, next leg up should hopefully take us up to $80 and beyond pic.twitter.com/nEfnrC9v4U

— Bluntz (@Bluntz_Capital) November 19, 2023

He practices Elliott Wave theory, which predicts future price action through crowd psychology, which typically manifests in waves. The theory says that a bullish asset will go through a five-wave rally, where each primary wave has five sub-waves.

In Solana’s case, the coin is expected to rally around $70 initially and will follow another surge to $82.50.

Solana Price: A New Bitcoin ETF Token Could Outperform Even SOL

While SOL has seen an impressive price surge in the past 30 days, it could be easily outperformed by a new cryptocurrency called Bitcoin ETF (BTCETF) token.

The project is focused on the likelihood of a spot Bitcoin ETF approval by the US Securities and Exchange Commission, and it has created a series of goals and milestones on the road to the ETF approval.

The idea is to reward holders as Bitcoin ETFs get approved and provide an opportunity for those who believe the product is finally about to come.

Just three days left in the countdown till the end of #BitcoinETF Stage 3! 🚀 Keep your eyes peeled! ⏱️ pic.twitter.com/9LsJMJwEAk

— BTCETF_Token (@BTCETF_Token) November 17, 2023

The project’s presale reveals that there are, in fact, many who expect a BTC ETF to receive a regulatory green light, as it has already raised over $1.26 million. The BTCETF token currently sells for $0.0056.

The token’s price will rise in under three days, so anyone who wishes to purchase it at a lower price has to react quickly. Currently, BTCETF is available in exchange for ETB and USDT, but it can also be bought with credit or debit cards.

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