This May Be The Final Opportunity To Buy Solana (SOL): Analyst

Crypto analyst Ran Neuner from Crypto Banter sees a big opportunity in Solana (SOL) for those willing to take the plunge. Neuner advises crypto enthusiasts interested in SOL to buy the token before the upcoming Solana BreakPoint 2024 event in September.

According to Neuner, SOL’s price has been flat because many crypto users have favored Tron (TRX), thinking it could replace Solana. Neuner disagrees, saying Tron’s growth won’t hurt SOL’s development. He recommends that crypto investors looking to cash in on a SOL rally buy the altcoin now, anticipating a “buy the rumor, sell the news” situation.

Explaining his view, Neuner points out that SOL’s price typically jumps in the week before BreakPoint, only to fall during the event itself. He believes this happens because the announcements at the event don’t always live up to expectations, leading to less bullish sentiment and a drop in SOL’s price.

Solana BreakPoint is an annual event hosted by the Solana Foundation, a non-profit focused on the Solana network’s decentralization, adoption, and security. This year’s event is scheduled for September 20-21 in Singapore.

BreakPoint usually showcases updates and innovations from the Solana ecosystem. It also serves as a hub for activities centered around distributed technology, with a focus on Solana and the blockchain industry.

The Solana Foundation has announced several speakers from the tech industry for this year’s event, including executives from Visa, ByBit, Circle, Helium, and Fireblocks. Crypto users expect Solana BreakPoint 2024 to bring together developers, government agencies, large enterprises, institutions, and creators to learn from each other and discuss ideas with top experts.