Solana vs. Ethereum: Key similarities that would see SOL climb to $2,800

• Analysts predict Solana might rise to $2,800, following Ethereum's 2017 pattern.
• Marty means that SOL can see a 1,180% enhance in about 50 days.
• Presently, SOL is buying and selling at $154.61 and is poised for a serious potential uptrend.

Might Solana (SOL) Be Poised For A Meteoric Rise To Mirror Ethereum's Previous Efficiency? That's the daring prediction of cryptoanalyst Marty Social gathering, who sees parallels between the value trajectories of the 2 cryptocurrencies and predicts a possible rally to $2,800 for Solano.

This bullish outlook, echoed on the podcast by Altcoin Buzz analyst Cody Buffinton, comes regardless of the current decline within the worth of Solana following the broader crypto market decline.

Following the downtrend of the broader crypto market, Solana noticed its worth drop. Regardless of this decline, cryptoanalyst Marty drew parallels between Ethereum's 2017 worth traits and Solano's current efficiency, predicting that the similarity will positively impression SOL's worth. Marty mentioned:

“Each Ethereum and Solana had 95% drawdown. All it’s important to deal with now’s what occurs subsequent. Ethereum is up 2000% 660 days after its depletion. Solana will do the identical and extra. We’re 619 days from the draw. That's $SOL as much as $2800 from early on (utilizing the identical % and period).”

Initially of the yr, Solana skilled a pointy uptrend and nearly reached its all-time excessive (ATH) of $259 in March. Nevertheless, SOL's rise was adopted by a worth reversal, which noticed it fall 58% and hit a brand new low of $121 on July 5.

Marty defined that Ethereum (ETH) went by way of an analogous decline after its restoration, going through a 95% drop in 2017. This decline was adopted by a 2,000% worth enhance over 660 days, pushing it to an ATH of $4,875 in November 2021. Solana additionally skilled an analogous decline forward of the 2021 bull run.

Based mostly on these historic patterns, Marty means that Solana may very well be on the verge of an analogous worth enhance. He notes that it's been about 619 days since Solana's decline, and if this sample holds, it may very well be about 50 days earlier than a possible uptick begins. Due to this fact, Solana might see a rare rally and doubtlessly attain the goal of $2,800, representing a 1,180% enhance from the present worth degree.

Solana was buying and selling at $154.61 at press time, up 0.79% within the current intraday session, based on CoinMarketCap information.