Benzinga - by Bibhu Pattnaik, Benzinga Staff Writer.
A recent forecast by cryptocurrency strategist Altcoin Sherpa suggests an impressive surge in the value of Solana (CRYPTO: SOL).
According to him, the digital asset is expected to climb by a whopping 267% by year's end, potentially breaking the $500 mark.
Altcoin Sherpa said acquiring shares of Solana at current levels could be highly advantageous, as he predicts substantial future gains.
"SOL: averaging into SOL is never a bad idea in my opinion. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet)," he shared on X, formerly known as Twitter.
$SOL: Averaging into SOL is never a bad idea IMO. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet) pic.twitter.com/eCTNfYDMBKFetch.aiRender— Altcoin Sherpa (@AltcoinSherpa) April 26, 2024
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Prob going to be some good AI coin deals here in the coming weeks/months if btc continues to have the current price action of bleeding/chopping. Stuff like $FET $RNDR are going to be great buys imo. Start averaging in at the .50 fib and go down to .618 IMO. pic.twitter.com/aaaRw1icdD— Altcoin Sherpa (@AltcoinSherpa) April 26, 2024
Fetch.ai and Render are both anticipated to rebound and rally after short-term pullbacks linked to current market volatility.
Currently, Solana is trading at $136, experiencing a slight decrease of 5.54% over the past day. Similarly, Fetch.ai and Render are trading at $2.11 and $7.95, respectively, declining over 7%.
Now Read: Bitcoin's Rally Sparks Renewed Interest In Cryptocurrencies — Should You Invest In It Now?
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