Cryptocurrency analyst and trader Michaël van de Poppe examined how high the popular altcoin Solana (SOL) could rise after experiencing an explosive rise in 2021.
Poppe said that the smart contract platform Solana (SOL) takes advantage of some of the limitations of the Ethereum platform, such as high transaction costs and scalability issues. The crypto strategist thinks that the overall crypto markets are in an uptrend towards 2022 and if Solana can successfully break the $193 zone, the altcoin could surpass previous all-time highs.
While Van de Poppe believes that $600 SOL is possible in his bullish price prediction, he said that the crypto market must reach 5x before SOL reaches $1000.
At the time of writing, Solana is up 7% during the day. It fell 4 percent to $177. The fifth-ranked cryptocurrency is 14515 percent this year. It had an increase of 2.
The chart guru thinks there is no reason why Solana should not rise if the cryptocurrency market continues to expand.