Analysts predict the growth of the Solana token, and ETH has risen above $3,500

Analysts predict the growth of the Solana token

The price of the Solana token in 2021 has already increased 78 times, however, analysts believe that the value of the crypto coin will continue to grow. The Spartan Group believes that SOL will triple in price.

“If $90B is the right valuation for $ADA, then $SOL is easily a 3X from here,” Spartan Group analyst wrote on Twitter.

Anonymous cryptanalyst Bluntz shared a similar point of view. He believes that according to technical analysis, the price of Solana is capable of reaching the $200 mark and even rising higher.

Genesis Capital’s head of digital assets and finance, Matt Ballensweig, is also confident that SOL will grow. He pointed to the rather modest capitalization of the token, even at today’s prices.

ETH rises above $3,500

Today, September 1, the cost of Ethereum has surpassed the $3,500 mark. This happened for the first time since the fall of the cryptocurrency in May this year.

According to Coinmarketcap, ETH is worth $3,535. Over the past 7 days, the coin rate has grown by almost 13%.

In early August of this year, the London hard fork took place on the ETH network, which changed the mechanism for calculating commissions for operations. A part of the reward for miners who received it for mining a block is now burned.