Pseudonymous cryptocurrency dealer Sensible Contracter says one red-hot altcoin is poised to proceed its meteoric ascent and change into the fourth-largest crypto asset by market cap.
Sensible Contracter, who accurately predicted Bitcoin’s backside in 2018, tells his 161,000 Twitter followers that Solana’s market capitalization is destined to exceed that of Binance Coin (BNB).
At the moment, the fourth-placed Binance Coin boasts a market cap of almost $75 billion whereas the seventh-placed Solana has a market cap of about $43 billion, based on CoinGecko.
“SOL flipping BNB is a matter of when, not if.”
The widely-followed dealer references a tweet that he posted final month the place Solana was exhibiting the “similar vibes, similar narrative” as Binance Coin. If Solana had been to comply with BNB’s trajectory, he highlighted that it might first surge to round $240 earlier than correcting by round 40%, after which resume rallying.
To overhaul Binance Coin, Solana, which is at present buying and selling at $149.75, might want to ignite an 80% rally to $270 whereas BNB stays stagnant.
For now, Sensible Contracter says that the “path of least resistance” for Solana is up.
“SOL simply going to $200 [in my opinion], most likely increased.
This actually does really feel like a simple set and neglect long-term play, path of least resistance is up.”
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Featured Picture: Shutterstock/Sergey Nivens
