Investor Ash WSB, who has about 600 thousand followers on Twitter, shared his altcoin price predictions for 2023.
Analyst made price predictions about 6 altcoins
Ash WSB, a social media phenomenon, shared his predictions for 2023 for many altcoins, including Bitcoin and Ethereum. According to the forecasts of the analyst, Bitcoin (BTC) will rise to $ 28 thousand. BTC is currently at $17,000. However, Ash WSB’s prediction for Solana (SOL) was met with quite a surprise.
According to Ash WSB, Ethereum price will be $2,200. Binance’s native token, BNB, will rise to $500. Dogecoin, which Elon musk likes, will increase its value by about 3 times. The investor also foresees a two-fold increase in the Ripple price. Finally, in the analyst’s prediction, he will expect the LUNC project to gain value as well.
Solana price will bottom out
The most striking prediction on the famous analyst’s list was Solana (SOL). Ash WSB claimed that the Solana price would be $0. In the minds of the users, questions began to return if Solana experienced a collapse like FTT and LUNA. SOL token was among the altcoins that lost the most during the collapse of FTX. Because SOL was among the Web3 projects supported by SBF. But SOL was not only supported by SBF. The project has the support of many companies investing in the sector.
Solana has been one of the most stalled blockchain networks in 2021 and 2022. The project has failed many times in the last two years and left the users in a difficult situation. After these errors, the system was stopped and rewound. In addition, the transaction time data started to give errors. All these experiences have caused some doubts in the Solana ecosystem. cryptocoin.com As we reported, after the FTX collapse, Binance CEO CZ announced that he did not “personally use” the Solana blockchain network. Thus, it has been seen that CZ does not give explicit support to Solana’s blockchain network. SOL is an ambitious project, especially on the NFT side. Currently, the network with the highest transaction volume after Ethereum appears to be Solana. However, a significant part of the transaction volume in the network is shaped around certain projects. These particular projects include y00ts and Stepn. In addition, networks such as Tezos, Avalanche and Algorand have made significant developments in NFT.
Solana price is 97% below its November 2021 peak
On the daily chart, the price of SOL had increased by over 20% from the previous day’s low of around $8 to around $10.25. However, the intraday recovery has done little to offset the overall bearish trend, down 97% from its record high in November 2021 at $267.50 and down more than 20% last week.
But as the year has been brutal for the markets, Solana is now joining the ranks of the worst performing tokens of 2022, FTX Token and LUNA, which are down nearly 98%.