- A top crypto analyst explains why Sui and Flip can challenge Solana in the next rally.
- The crypto market is generally bearish but has been predicted to bounce back before the end of the year.
Solana (SOL) has in a surprising turn of events switched from bullish market sentiment to a bearish one with a score of 29/100. The asset had a good run in the just-ended rally to hit $60, before pulling back to the current price of $56. In the past three months, the asset has surged by 181.18 percent.
Solana Targeting $102
Solana has declined by 2 percent in the last 24 hours, and fallen by 4 percent in the last seven days. Despite dropping to a weekly low of $52, pseudonymous analyst The Flow Horse has predicted that Solana would stage another upward trend. According to a prediction, Solana could finish the year at $102.
So SOL is definitely going higher. This is a very bullish correction and the spot market is just buying everything.
Interestingly, some altcoins have been tipped to challenge Solana in the upcoming run with layer-1 blockchain Sui (SUI) expected to lead the charge. Sui has broken out from a rounding bottom reversal pattern, indicating that it has ended its downtrend. Sui has been up by 17.26 percent in the last three months and added $0.089539 to the previous price to trade at $0.608305.
Currently, the market sentiment is still bearish with a score of 5/100. The price has declined by 5 percent in the last 24 hours and made a weekly gain of 8 percent.
Sui Targeting $1, and Chainflip Seeking to Hit $9
According to a price prediction platform, Sui has the potential to hit $1.09 before the year-end.
This SUI trend looks like it is just beginning. Anything that has come out in the last six months and rounded out while retaking key volume levels is on my list of things to be aggressive about.
Chainflip (FLIP) is another altcoin expected to stage a massive run in the rally. Chainflip is an automated market maker (AMM) that ensures that low slippage is provided for native cross-chain swaps. This year, the asset has been listed on several exchanges and could be a catalyst for a more impressive run according to the analyst.
Grabbed some FLIP. New pair, similar idea to [THORChain] RUNE. No legit perp markets yet, only a few spot listings… I can see this running hard as we see it listed at more venues.
Flip has surged by 117.59 percent in the last three months, adding $2.76 to its previous price to hit $5. The asset is currently bearish with a score of 0/100. According to market data, Chainflip has fallen by 5 percent in the last 24 hours but has surged by 117.59 in the last seven days. Analysts believe that this asset has the potential to hit $9.18 before December 31.
Bitcoin still dominates the crypto market with a current price of $37k after adding $11,192.04 in the last three months with a percentage growth of 42.88. However, the asset is also bearish with a current score of 23/100. According to analysts, Bitcoin can finish the year with $67,127.18 at the maximum.
