3 Reasons Solana Can Repeat Ethereum's 2018 Fractal at 5000% Gains

Solana's price may mimic Ethereum's impressive recovery from the 2018 bear market, analysts say.
$3 reasons why Solana can repeat Ethereum's 2018 fractal to 5,000% gains$ Altcoin Watch
Solana (SOL) may still fall in the short term, but SOL/USD may rebound 5000% if it follows in the footsteps of its main rival Ethereum.
This 2018 Ethereum Fractal
SOL may drop to $15 on anticipation that it would behave like Ethereum during the 2018 stock market crash.

Notably, the native price of Ethereum's Ether (ETH) token fell to nearly $79 in December 2018 after undergoing a 95% correction earlier that year from its peak of $1,529 . Thereafter, it had a long recovery, increasing by almost 6,000% over the next four years and thus reaching a record high of around $4,950 in November 2022.

Three-day ETH/USD price chart . Source: TradingView
Solana, which rivals Ethereum for its top spot in the smart contract space, has fallen over 85% after peaking in November 2021 at nearly $267. This leaves the token with the potential to drop an additional 10% when measured from its all time high.

Popular analyst PostyXBT claims that SOL may drop to $15, mirroring Ethereum's 2018 bear cycle. Additionally, the Solana token may see an Ethereum-like recovery in the coming years , which could bring the price of SOL to over $750, he adds.

$ETH has done ~60x from 2018 lows despite many people calling for it to hit zero...
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Crypto Jul 11, 2022 0 115 Add to Reading List

3 Reasons Solana Can Repeat Ethereum's 2018 Fractal at 5000% Gains

Solana's price may mimic Ethereum's impressive recovery from the 2018 bear market, analysts say.

$3 reasons why Solana can repeat Ethereum's 2018 fractal to 5,000% gains$ Altcoin Watch

Solana (SOL) may still fall in the short term, but SOL/USD may rebound 5000% if it follows in the footsteps of its main rival Ethereum.

This 2018 Ethereum Fractal

SOL may drop to $15 on anticipation that it would behave like Ethereum during the 2018 stock market crash.

Notably, the native price of Ethereum's Ether (ETH) token fell to nearly $79 in December 2018 after undergoing a 95% correction earlier that year from its peak of $1,529 . Thereafter, it had a long recovery, increasing by almost 6,000% over the next four years and thus reaching a record high of around $4,950 in November 2022.

Solana, which rivals Ethereum for its top spot in the smart contract space, has fallen over 85% after peaking in November 2021 at nearly $267. This leaves the token with the potential to drop an additional 10% when measured from its all time high.

Popular analyst PostyXBT claims that SOL may drop to $15, mirroring Ethereum's 2018 bear cycle. Additionally, the Solana token may see an Ethereum-like recovery in the coming years , which could bring the price of SOL to over $750, he adds.

$ETH has done ~60x from 2018 lows despite many people calling for it to hit zero...