Analyst Predicts Rallies for Solana, Chiliz and Low-Cap Gaming Project, Forecasts Ideal Time To Rotate to Ethereum
A popular crypto strategist sees significant rallies ahead for Solana (SOL), Chiliz (CHZ) and a low-cap gaming project as the metaverse heats up.
The pseudonymous trader SmartContracter tells his 178,600 Twitter followers that he firmly believes SOL will reach $900 this cycle, which would represent a 275% increase from its current value of $233.
The analyst uses a Solana futures chart to show that SOL recovered from a dip more quickly than Ethereum (ETH) after each token hit new all-time highs (ATHs) this week.
“SOL once again first to recover and make ATH, couldn’t have done it without all that ETH maxi salt earlier today, we thank you guys.”
The trader says the SOL/ETH chart can be utilized to try and time an ideal rotation from Solana to Ethereum.
“Update: SOL still pushing up against USD [US dollar], BTC and ETH, clearly the winner here.
As a profit maxi, rotating back into ETH after SOL/ETH makes a new ATH is going to be a godlike rotation for the ETH to $20,000.”
SOL surged to an all-time high of $249.64 on Wednesday but has now settled back to $233.51, still up nearly 25% from a weekly low of $186.95, according to CoinGecko.
Looking at tokenized sports exchange Chiliz, SmartContracter also expects the CHZ altcoin to jump in price on the Bitcoin (BTC) chart.
“CHZ/BTC also painting a monster weekly bullflag breakout. I really think this thing’s gonna rocket 2-3x from here.”
CHZ is currently the 76th-ranked crypto by market cap and sits in the middle of its 7-day price range at $0.45, according to CoinGecko.
Finally, the analyst is eyeing the native tokens of the gaming metaverse Star Atlas DAO.
“POLIS and ATLAS finally gearing up for a run. Initial listing hype died off, got that NFT gaming/metaverse narrative plus clean trendline break on volume, SNED [SEND].”
POLIS is trading for $8.57 at time of writing, up 36.5% from its all-time low of $6.27 on October 27th.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
The post Analyst Predicts Rallies for Solana, Chiliz and Low-Cap Gaming Project, Forecasts Ideal Time To Rotate to Ethereum appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
