Top Analyst Predicts Solana-Based Altcoin To Skyrocket Over 350%, Says Ethereum Flashing ‘Very Bullish Signal'

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana-based memecoin. The analyst pseudonymously known as Bluntz tells his 236,100 followers on the X social media platform that the dogwifhat (WIF) memecoin could potentially appreciate by approximately 359% from the current level.

Timeline of Ethereum, Solana

Ethereum (ETH) experienced a 20% surge this week, reaching a 620-day high. The crypto community is uncertain about whether ETH can sustain this momentum to reach $3,000 or if a market correction is imminent.

The latest dog-themed meme coin on Solana (CRYPTO: SOL) reporting explosive growth. What Happened: Myro is up 35% in the last 24 hours and a stunning 101.2% in the last seven days.

The Solana Foundation has unveiled a roadmap for 2024, focusing on innovation, developer engagement and network scalability. “2024 is the year of Solana,” the foundation proclaimed, focusing on the key milestones achieved and strategic goals for the year in the statement.

Larry Fink is the CEO of the world's largest asset manager, BlackRock Inc. (NYSE: BLK). The finance titan is diving deeper into cryptocurrencies, first through Bitcoin (BTC) and now turning its eyes to Ethereum (ETH).

Ethereum continues to assert its dominance, proving to investors and enthusiasts why it reigns supreme among altcoins. The recent price action of Ethereum paints a bullish narrative, with potential signals pointing toward an ongoing growth cycle that could redefine its market stature.

With the recent approval of Bitcoin exchange-traded funds (ETFs) injecting new inflows and igniting a sense of bullish sentiment in the market, Solana (SOL) is emerging as one of the top gainers in the past 24 hours. The cryptocurrency has experienced a 4.5% surge, trading at $99, aiming to reclaim the significant $100 milestone lost during a recent deep correction.

The Ethereum markets rallied significantly during the session on Thursday, as we continue to see a lot of buyer pressure. The entire crypto market seems to be on the precipice of a bigger move as well.

In an Ask-Me-Anything (AMA) session held on Reddit, Ethereum co-founder Vitalik Buterin advocated for a 33% increase in the Ethereum gas limit to enhance network throughput. Buterin's proposal comes after nearly three years of the gas limit remaining unchanged, marking the longest period of stability in the protocol's history.

Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum's approach to its 2022 low as a potential springboard for a breakout.

A widely followed crypto strategist is updating his outlook on Ethereum (ETH) competitor Solana (SOL). Pseudonymous crypto strategist Pentoshi tells his 738,500 followers on the social media platform X that SOL could dip in the coming months by more than 40% from its current value.