Analyst Hints at Huge Opportunity for Ethereum Killers to Rise, Picks Solana and AVAX


Two Ethereum killers are on the brink of price hikes; they include Avalanche (AVAX) and Solana (SOL).

Pentoshi’s booth on Solana and Avax

Pentoshi, a pseudonymous crypto expert and analyst, took to Twitter to say he believes Solana (SOL) is about to turn momentum into bullish momentum.

Related literature | Negative sentiment deepens in crypto, why recovery can’t last

The Solana crypto project was trading at a critical support level after last week’s massive sales momentum. Currently, the SOL token is trading at $47.89, up 4% from the 24-hour circle. Last week, the coin also plunged to around $40.33

Solana Set Recover Previous Losses | Source: TradingView.com

Avalanche (AVAX) is the next coin Pentoshi believes worth discussion. The analyst suggests that the coin’s ability to stay just above the $25 support level increases its chances of surging to reach the $40 level. Currently, the AVAX token is trading at $28.63, which is 5% growth from the 24-hour price. Also, the coin fell to around $22.13 last week.

AVAX will soon reach $30 | Source: TradingView.com

Pentoshi also declares a strong possibility for the crypto market to pull back. Therefore, he believes that once sentiment changes momentum, the market will flip from outright bearishness to utter bullishness.

Pentoshi predicts that traders and investors will soon see a turnaround in their trades. They go from exclaiming it’s a dead bear market to screaming and cheering for the alt season. However, the expert also predicts that most altcoins will never reach their record prices again.

SOL and Avax Blockchains

Solana provides users with high-quality digital and financial solutions. As a ‘new kid on the block’, Solana introduced attractive solutions such as low transaction fees, fast transactions and others for users to maximize their chances. Solana blockchain uses the native SOL token for utilities, governance, and facilitation payments.

While it still has a long way to go, Solana is considered one of Ethereum’s “killers” as it even ranks among the top 10 blockchains by market cap.

Related literature | Polkadot (DOT) Is Trading Below $11; How fast will it target $14?

At the other end of the spectrum is the Avalanche cryptocurrency project. Avalanche is a multi-chain smart contract network created to host decentralized applications (or dApps). Avalanche is one of the well-known contenders for Ethereum, the second largest blockchain in the world.

However, the avalanche is known to be more compatible than Ethereum and provide better support for other applications and projects.

In the past two weeks, Solana and Avalanche have been among the coins leading the crypto bear market, giving a red flag to traders going long on the coins. Even many predicted that Solana and Avalanche would be among the coins that will not survive if Bitcoin took another plunge. But this new week registers a difference for the coins.

Featured image of Pexels, chart from TradingView.com



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