Kraken cryptocurrency exchange experts analyzed the potential of two popular smart contract platforms in the short term
Underlined, that institutional investors have launched a new wave of interest in Solana (SOL):
“After Solana entered the top 5 cryptocurrencies in terms of market capitalization, new and current market players still show interest in the asset. Especially noteworthy is the interest from large institutions. Pay attention to, that SOL is ready to stay in the third wave of 'course opening', there is a high probability, that in the near future its rate will grow significantly "
Experts believe, that SOL has a good chance, to reach the peak of the rising wedge pattern:
"The test of this resistance signals, that the SOL course will get to $400 — $500 as early as next month or in the first quarter 2022 of the year"
Moreover, analysts noted, what Ethereum successfully managed to go above the 5th band of the logarithmic regression rainbow. Provided that the dynamics are preserved, immediate target — $6500.
The current dominance of ETH in the capitalization of the entire cryptocurrency market is around 19% can be considered quite low compared to the May highs of the asset. Experts believe, that ETH has a chance of losing ground to competitors in the field of smart contracts:
“ETH dominance remains well below the May 20,1%, when the asset showed past highs. I.e, despite ETH reaching a new record rate, the crypto asset occupies a smaller part of the market, than before, and may also have a weaker impulse compared to competitors "