Solana
Top Analyst Says Solana-Based Memecoin Poised to Rise Again, Updates Outlook on Ethereum
A widely followed cryptocurrency analyst and trader expresses bullish sentiment on a memecoin built on Solana (GROUND) blockchain while revealing its predictions for Ethereum (ETH) in the future.
The pseudonymous analyst known as Flow Horse tell her 216,400 followers on the social media platform X que dogwifhat (Wireless), whose logo depicts a dog wearing a hat, appears to be consolidating on the daily chart.
According to the pseudonymous analyst, WIF could then become bullish after the consolidation phase.
“It seems WIF is not ready to take off its hat.”
Source: Flow Horse/X
WIF is trading at $2.97 at the time of writing, down about 38% from its all-time high in March.
Regarding ETH, Flow Horse said that if the United States Securities and Exchange Commission (SEC) approves an Ethereum spot exchange-traded fund (ETF) for the second-largest crypto asset by market capitalization months after that of Bitcoin (BTC), the impact could result in a week-long uptrend for ETH.
“Ethereum ETF trading is better than Bitcoin for too many reasons to list, but put simply:
The market is still caught off guard by the pivot and you can guarantee there is still a pocket of doubt and disbelief that won’t enter until we get a headline.
Short-term pop and correction followed by a strong uptrend over the weeks.
**Plus, it’s easier to move ETH than BTC**”
Ethereum is trading at $3,864 at the time of writing, up approximately 29% over the past seven days.
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