Investor Ash WSB, who has about 600 thousand followers on Twitter, shared his altcoin price assumptions for 2023.
Analyst made price assumptions about 6 altcoins
Ash WSB, a social media phenomenon, shared his predictions for 2023 for many altcoins, including Bitcoin and Ethereum. According to the assumptions made by the analyst, Bitcoin (BTC) will rise to $ 28 thousand. BTC is currently at $17,000. But Ash WSB’s claim to Solana (SOL) was met with quite a surprise.
According to Ash WSB, Ethereum price will be $2,200. Binance’s local token BNB will increase to $ 500. Dogecoin, which Elon musk likes, will increase its cost by about 3 times. The investor also foresees a two-fold increase in the price of Ripple at the same time. Finally, in the analyst’s prediction, he will expect the LUNC project to gain value as well.
Solana price will hit bottom
The most striking assumption in 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 in the middle of the altcoins that lost the most during the collapse of FTX. Because SOL was among the Web3 projects supported by the SBF. However, SOL was not only supported by SBF. The project has the reinforcement of many companies investing in the division.
Solana has been one of the most stalled blockchain networks in 2021 and 2022. In the last two years, the project has repeatedly made mistakes and left users in distress. After these mistakes, the system was stopped and rewound. In addition, the process time data started to give errors. All these experiences have caused some doubts in the Solana ecosystem.
After the FTX collapse, Binance CEO CZ announced that he did not “personally use” the Solana blockchain network. Thus, CZ did not appear to give any clear reinforcement 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 valuable part of the process volume in the network is shaped around reasonable projects. In the middle of these particular projects are y00ts and Stepn. In addition, networks such as Tezos, Avalanche, and Algorand have made valuable advances 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 November 2021 record high of $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%.