A closely followed crypto strategist says that besides Bitcoin (BTC) and Ethereum (ETH), there are only three other projects he’s bullish on.
He thinks SOL could be repeating the early days of Ethereum before ETH soared to four figures.
“But yea, I think it is going through the same early cycle rounds as ETH.”
Last month, The Flow Horse also compared Solana’s price action to ETH’s early days, suggesting that SOL could smash all-time highs perhaps sometime in late 2024.
“In a private group (can’t dox Excel chart of picks or people), my pick for the best-performing coin of the bounce this year was SOL. The idea that a darling of the last cycle would do very well. I shared this chart of the beginnings of ETH vs. SOL, and I still think SOL probably does more or less the same. The cheering got pretty loud for this one.”
Solana is trading for $21.28 at time of writing, up 3.6% in the last 24 hours.
The analyst is also bullish on Phemex’s yet-to-be-launched utility token for the crypto derivatives exchange platform. He points to the strong performances of other exchange tokens to support his thesis on the upcoming altcoin.
“There is actually one token I am bullish on that is not even out yet but can be mined. Phemex has a token coming out this quarter and my thesis is simple: Look at other exchange tokens.”
“Yep, getting a lot of flack for my negative posts but only thing I am bullish on long term are Bitcoin and ETH, and the new projects yet to come to market.
Rollbit token is an exception.”
Rollbit is trading for $0.19 at time of writing, up 7.8% in the last 24 hours.
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