dailyhodl.com
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.