On the YouTube channel Coin Bureau, which has close to two million followers, Guy said that leading altcoin Ethereum (ETH) competitor and smart contract platform Solana (SOL) could make a big boom in the coming months.
Solana, a smart contract platform, appears to be the fifth largest cryptocurrency by market cap. A secure, decentralized and scalability-focused blockchain, Solana's native token SOL is used to pay for transactions on and off the network.
"SOL Potentially Has A Large Uptrend"
Guy told his 1.7 million YouTube subscribers that altcoin Solana (SOL) has a potentially fantastically large bullish target, and he believes it can hit that target.
Guy says the good news, including the launch of the Solana Phantom wallet, multiple fundraising rounds, and the launch of the Grayscale Solana Trust earlier this week, bodes well for the future of SOL, the competitor of leading altcoin Ethereum. ;
"It's only been a week and he already has $10 million in assets under the management of the Grayscale Solana Trust."
In particular, he points out that the amount under management of Grayscale's Solana Trust fund, which was launched a week ago, has already reached $10 million. Guy says Solana could soon reach $1,000. This marks an increase in value of about 5 times from the current value of the altcoin.
But Guy's foresight comes with some important caveats;
“Assuming BTC hits 100,000 and ETH hits $10,000, this might give Solana enough room to hit $1,000, as many expected. But I will point out that this is an extremely optimistic target on the edge of the imagination. The SOL appears to be in the middle of a monthly bullish pennant pattern and if my measurements are correct, we could see a SOL between $290 and $300 in the next month or two.”