Crypto expert Ash Crypto recently listed his price targets for a range of crypto tokens, including Solana (SOL) and Dogecoin (DOGE), in the next 12 to 16 months. While the future is uncertain, such price predictions by well-known analysts in the crypto space give crypto investors an idea of where the market is headed.
Based on Ash Crypto’s price targets, these crypto investors are more than ever convinced that a newer coin like the ETFSwap ($ETFS) can enjoy a 1000x gain from its current price level. This is undoubtedly a possibility, considering that another crypto expert, Michaël van de Poppe, once admitted that newer coins will likely be the top gainers of this cycle.
This Crypto Analyst Is Bullish On Solana’s (SOL) Future
Crypto experts have always been bullish on Solana (SOL), especially given the network’s transaction speed and relatively lower gas fees. Ash Crypto is not an exception, as he sounded optimistic about Solana’s (SOL) future trajectory, predicting that the crypto token will rise to $450-$650 within the next 12-16 months.
However, many factors could determine whether or not Solana (SOL) maintains its bullish momentum or encounters a roadblock. One of these factors includes how the network’s developers handle the congestion that has plagued the network recently. It is evident that SOL’s value depends mainly on the network’s utility, and a decline in network activity could negatively affect the token’s price.
The overall sentiment in the broader crypto market also plays a vital role in Solana’s (SOL) price. A bullish market sentiment, with increasing interest from investors, could benefit Solana (SOL) alongside other cryptocurrencies. However, bearish market sentiment could drag SOL’s price down, regardless of its utility.
Can Dogecoin (DOGE) Eventually Rise To $1?
The future of the largest meme coin by market cap, Dogecoin (DOGE), continues to be heavily debated. While some analysts dismiss it as a speculative gamble fueled by internet hype, others see a surprisingly strong token with potential for long-term growth. One such analyst is Ash Crypto, who believes that the meme coin could rise to $1 in the next 16 months. Such parabolic rise will, however, depend on how much adoption and utility Dogecoin (DOGE) gains during this period.
For one, whether or not social media platform X (formerly Twitter) integrates DOGE payments into its payment service will be a huge factor in the meme coin’s price action. X integrating Dogecoin (DOGE) remains a huge possibility because of Elon Musk’s fondness for the meme coin. If it eventually happens, it will be massive for the meme coin and could contribute to its rise to $1.
Dogecoin (DOGE) is also set to attract more institutional interest, with crypto exchange Coinbase set to list Dogecoin (DOGE) futures contracts for its institutional clients. This is another event that could contribute to the meme coin’s rise to $1, given how institutional demand for Bitcoin through the Spot Bitcoin ETFs has caused its price to surge.
ETFSwap ($ETFS) Is A Better Play
The price prediction for ETFSwap ($ETFS) is nothing short of astonishing. Crypto experts have raised the possibility of the crypto token seeing a 1000x increase within the next 12-16 months. While both Solana (SOL) and Dogecoin (DOGE) have the potential for massive growth, their targets don’t come close to the 1000x gains projected for ETFSwap ($ETFS), making it the best play for this bull run.
ETFSwap’s ($ETFS) is predicated on the massive growth that the Decentralized Finance (DeFi) space is set to experience in the coming months. As more users look into what DeFi applications have to offer, the demand for user-friendly and efficient staking solutions is likely to rise.
The ETFSwap platform is set to shine in this regard, as it simplifies staking and maximizes returns for its users. Successful onboarding of some of these new DeFi users could mean increased demand for the $ETFS token, possibly pushing the price upwards.
Besides its staking rewards, ETFSwap has a first-mover advantage in the DeFi space with its unique offering. The DeFi platform is set to become the first to enable on-chain ETF trading, so one can expect that a large number of DeFi users will flock to the platform upon launch.
With its on-chain ETF trading offering, ETFSwap isn’t only going to attract crypto users but also traditional investors from the Web2 space. This means that the amount of liquidity set to flow into its ecosystem cannot even be fathomed. As ETFSwap experiences such inflows, $ETFS’s price is expected to react positively and record exponential gains.
Stage 1 of the token’s presale is currently ongoing, and each token costs $0.00854. This price is expected to double in stage 2 of the presale, so there is no better time to invest than now.
For more information about the $ETFS Presale:
As the crypto bull market gains traction, the XRP price tests key resistance levels that…
In today’s fast-paced world, entrepreneurship is more accessible than ever, but turning a brilliant idea…
The TON blockchain ecosystem is rapidly gaining momentum, and this month marks the launch of…
It’s not just the Federal Reserve hinting at a shift towards looser monetary policy. Several…
The global monetary system is at a critical juncture, as new technologies like decentralized finance…
In a significant step toward modernizing its legal framework, the UK Parliament has introduced the…