Thursday, July 17, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

How Bitcoin & Ethereum Can Carry SOL to $250 This Year

Simon Osuji by Simon Osuji
August 14, 2024
in Business
0
Could SOL Be Set to Pass $200 in May?
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

With Solana being considered among crypto’s big three, one expert has stated that Bitcoin and Ethereum can carry SOL to a price of $250 this year. Indeed, BitMEX co-founder Arthur Hayes recently discussed how Solana could be set to benefit alongside the market’s top two assets.

SOL has been stuck at its $145 price for a notable period of time. Over the last month, it has only dropped 0.04% according to CoinMarketCap. Still, it boasts tremendous potential. Hayes notes that it could skyrocket to a near-all-time high amid a 2024 bull rally.

Source: Decrypt

Also Read: Solana: Meta AI’s 2025 Bold Solana Forecast: A Game-Changer?

Related posts

Visa and NSE Launch Plan to Boost Retail Investing

Visa and NSE Launch Plan to Boost Retail Investing

July 16, 2025
Safaricom Hosts Safire Connect Forum in Eldoret

Safaricom Hosts Safire Connect Forum in Eldoret

July 16, 2025

How BTC and ETH Can Clear Path for SOL to Hit $250 in 2024

This year has been a tale of two outcomes for Solana. In late July, the asset surpassed the $190 level in an impressive surge. Although many hoped it was a sign of things to come, it struggle mightily from the crypto flash crash that took place on August 5th. That forced the asset to lows of $110.

Although it has recovered nicely, it is caught in a consolidation phase at its current level. However, one expert believes there are gains in store for Solana, but it will depend on Bitcoin and Ethereum to drive SOL upward.

BitMEX co-founder and former CEO Arthur Hayes authored a blog post exploring this possibility. Although he noted Solana could hit $250, that landmark depended on how the two leading cryptocurrencies would perform. Specifically, BTC would have to surpass $70,000, and ETH would have to reach $4,000.

SolanaSolana
Source – CoinLoan

Also Read: Solana’s Downfall: Will SOL Plunge to $120?

That is certainly not out of the question, but not as simple as it reads. Bitcoin set an all-time high of $73,000 in March of this year. However, it hasn’t hit the $70,000 threshold since late May. Alternatively, Ethereum last reached the $4,000 mark in March of this year.

Currently, hope is being placed in increased activity. Solana has seen its trading volume surge 19% in the last 24 hours. With selling pressure decreasing, bullish sentiment could drive a buying spree for the token. If that takes place, the token could target an increase to $160 or even $180. Yet, it may require the work of BTC and Ether to drive it even higher.

Source link

Previous Post

Roving children’s photography workshops in Turkey seek to create community through art

Next Post

WHO declares monkeypox a global emergency

Next Post
WHO declares monkeypox a global emergency

WHO declares monkeypox a global emergency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Andrew Maalim Opiyo of Raleigh, NC

Andrew Maalim Opiyo of Raleigh, NC

1 year ago
Breaking barriers: Women transform energy leadership

Breaking barriers: Women transform energy leadership

2 months ago
Entrepreneur builds international food trading business from Tunisia

Entrepreneur builds international food trading business from Tunisia

2 years ago
Sports Might Replace Oil For Saudi Arabia

BRICS Global Oil Supply Rises From 30% To 41% In 2023

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.