A popular crypto analyst believes that the smart contract platform Solana (SOL) is in the midst of a major long-term bullish opportunity. The pseudonymous trader known as Inmortal told his nearly 200,000 followers that now is the time for long-term investors to accumulate SOL before the price potentially soars to $250 in the coming years.
Inmortal believes that buying and holding SOL under $20 will be hugely rewarding in the next couple of years, even though some traders are fearful that FTX’s liquidation of its massive SOL holdings could suppress the price. Documents revealed FTX owns $1.16 billion worth of SOL, but investor Chris Burniske pointed out that only around 13% of those holdings are actually liquid.
The trader notes that Solana’s recent 14% rally to over $24 is just a small glimpse of how explosively SOL could move up over the next few years as adoption grows. He believes this will be one of the most profitable yet hated rallies ever seen. Even with the FTX overhang, Inmortal sees this as a generational opportunity to get positioned in SOL before it reaches much higher prices in the coming years as the blockchain platform sees increased development and use cases.
