A prominent Cryptocurrency commentator predicted a major rally in the price of Solarium (CRYPTO:SOL), with an expected return of up to 5x by the end of 2025.
What happened
MartyPartya cryptocurrency influencer with a large following who is also a musical artist, said in a post on Sunday that Solana has naturally consolidated around $150 for 225 days. He expressed confidence in a coming rally, noting that Solana’s price would not fall below $150 again.
“The magnitude of this economy could boost it 5x by Q4 2025,” he wrote. MartyParty also talked about the increasing returns of Solana’s native DeFi offerings and their high adoption, concluding that the project has the best chance of providing the second internet.
Sell all your Ethereum?src=hash&ref_src=twsrc%5Etfw”>#Ethereum, #Cardano and #Polkadot now before the FTX distributions.
Enter it into @solarium and @SuiNetwork. $SOL $SUI
Proportions are up to you but if you don’t you will look back at this post and feel unhappy later.
These 2 technologies are the only 2 that have…
— MartyParty (@martypartymusic) September 29, 2024
He also advised his followers to buy Solana for less than $200 and hold it for 2-4 years, warning that indecision or emotional attachment to other assets with low potential could lead to missed opportunities.
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Why is it important
MartyParty’s predictions align with the opinions of Anthony ScaramucciCEO of SkyBridge Capital and a prominent cryptocurrency advocate who is close to the US Vice President’s campaign team, Kamala Harris.
Scaramucci emphasized Solana’s potential to lead what he sees as an imminent layer 1 Blockchain revolution. He also revealed his substantial allocation towards the fifth-largest cryptocurrency, adding that he owns “a ton of” Solana.
That said, Solana’s future growth could be affected by regulatory concerns. The US Securities and Exchange Commission (SEC) raised questions about Solana’s status as a security last month, which could lead to a halt in filings related to its exchange-traded funds (ETFs).
SOL price movement
At the time of writing, Solana was trading up 0.55% at $156.71, gaining 13.73% on the month, according to data from Benzinga Pro. Over the past year, the token has risen more than seven.
Image via Shutterstock
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