• Solana, a Bitcoin competitor, will set new all-time highs this year

  • According to the CEO of one of the world’s largest independent financial advisory, asset management, and fintech organizations, Bitcoin rival Solana will reach new all-time highs of $250 by the end of 2021.

    The bullish forecast from Nigel Green, founder and CEO of deVere Group, which has $12 billion under advisement, comes as the price of Solana (SOL) has risen 25 percent in two days amid a strong week for other cryptocurrencies, including Bitcoin, which hit a new record high of more than $66,000 on Wednesday.

    Solana is currently $208 at the time of writing. Its previous high was $214 in September of this year.

    “Solana is undeniably a rising star in the crypto world,” Mr Green says. With its price increasing more than 100 times since the beginning of the year, its potential is becoming unavoidable.

    “I believe its bull market run will continue for the remainder of this quarter, and that it will reach new all-time highs of $250 by the end of 2021.”

    The deVere CEO and prominent crypto advocate predicted in July that Bitcoin would surpass its previous all-time high this year, and he was proven correct this week. Similarly, he recently predicted that Cardano would reach $3.

    “Solana has smashed past some key resistance levels in recent weeks, indicating that investors aren’t concerned about downside squeezes,” he says.

    “It’s gaining traction, and as a result, there are an increasing number of active holders.” There’s no reason to believe that this will slow significantly before the end of the year.”

    Solana is a decentralized blockchain that provides developers with a cutting-edge platform for building infinitely scalable DeFi apps and enabling staking.

    “Due to the inherent real-world value it can offer almost every sector, the DeFi sector is about to explode.”

    “Investors are increasingly understanding the network’s value as a global financial utility, not just as a platform for developers.”

    “Solana is set to quietly outperform the rest of the crypto market this year,” Mr Green concludes. It’s worth keeping an eye on.”

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