The analyst predicted that the Solana token will rise in price to $ 360. He adheres to this opinion based on the market capitalization of the competitor of the digital coin – the Cardano blockchain.
Partner at digital asset management company Spartan Capital claims the Solana token price will triple if $ 90 billion is the correct market valuation for Cardano.
Solana and Cardano blockchain are focused on building decentralized applications (dApps). According to the forecast of partner Spartan Capital, the cost of Solana may exceed $ 360.
If $90B is the right valuation for $ADA, then $SOL is easily a 3X from here.
— SpartanBlack (@SpartanBlack_1) August 31, 2021
In August, the Solana rate rose by 264% and renewed its all-time high at $ 120. Altcoin ranked eighth in the list of the most capitalized cryptocurrencies ($ 34.4 billion).
Over the same period, the Cardano token has risen in price by 145%. Altcoin in August updated its all-time high at $ 2.95.
The token ranked third in the list of the most capitalized cryptocurrencies with a market value of $ 89.6 billion.
Matt Ballensweig , head of global lending and financing for digital assets of Genesis, expressed the opinion that the Solana token is currently undervalued given the current market capitalization of the cryptocurrency.
Ballensweig compared the market valuations of Solana and Ethereum.
Solana $SOL market cap = $23B
Ethereum $ETH market cap = $362B6% relative value…? seems pretty pretty lowww.
— Matt Ballensweig (@MattBallen4791) August 27, 2021
