cryptogazette.com
There are some coins in the crypto market that have massive potential, and more analysts are looking at the prices to predict how can some of them can go.
Now, it’s been revealed that there’s a popular crypto analyst who is looking at Cardano (ADA) and Solana (SOL), and he says that these two have big potential to deliver huge gains.
The online publication the Daily Hodl brings up Jason Pizzino who explained not too long ago the reasons for which Cardano and Solana are flashing bullish signals as the digital asset market heats up.
ADA leads the bull market alongside ETH and SOL
He just explained that ADA is leading the bull market alongside Solana and Ethereum.
ADA has been seeing a strong volume the past three weeks as it rallied to the $2.95 price level and could be currently consolidating above its previous $2.50 high.
At the moment of writing this article, ADA is priced at $2.79.
“Looking forward, the volume for me [is a] good signal for the boom. We are potentially consolidating above all-time highs. That’s exactly what we wanna see.”
He also addressed the Ethereum competitor Solana, and he said that he believes that a similar story to ADA will be playing out.
As you could have seen for yourselves, the smart contract platform has surpassed its previous all-time high of $61.
At the moment of writing this article, SOL is trading in the red, and the coin is priced at $110. As the analyst said, the coin is already seeing a cool-off period in order to establish a new support line before it can take off again.
“Solana [is] similar. As we’ve boomed, we need to take a rest at some point. And we’ve got this good volume coming through, breaking through to new highs, that’s all good signs as well… So we’ve got the big volume [spike]. Will it take a bit of a breather? Probably. You can only get so many weeks up before it takes a breather.”
Solana is one of the projects in the crypto space that’s been making some pretty massive waves and attracting the interest of investors.
This is the very reason for which we suggest that you check out the best three altcoins that are built on Solana and have the potential to explode this year.