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– Ethereum’s rival, Solana, will grow significantly in the coming weeks and months, traders say – but there’s a catch – The Daily Hodl

A widely respected cryptocurrency trader is optimistic about Ethereum’s (ETH) main rival. He believes the altcoin is still in an uptrend –

a trader known as Altcoin Sherpa told 238,400 subscribers on social media platform X that Solana (SOL) has the potential for significant growth in the coming weeks and months. However, the pseudonymous analyst said Solana will only grow if bitcoin (BTC) is stable.

According to the analyst, a significant pullback in Solana should provide an attractive entry opportunity.

The trader’s chart suggests that SOL will meet resistance at $228, $243, and $264. At the time of writing, Solana is trading at $198.

Next up is a token for the open-source decentralized financial system Hyperliquid (HYPE). According to a pseudonymous analyst, HYPE could rise about 129% from current levels by the end of the current cycle.

While I wouldn’t call the low time horizon bullish, I do think the stock will reach $50 by the end of the cycle.

As of this writing, HYPE is trading at $21.85. As for the cryptocurrency market as a whole, one analyst (pseudonym) believes that digital assets have room to grow in this cycle.

My personal opinion is that this cycle will be the top of the cycle. The euphoria is still there.