CoinDesk report:
As the price of Bitcoin and altcoins stabilizes around $68,000, showing an upward trend, it has caught the attention of market followers. With October coming to an end, two analysts have made bold predictions about the potential price targets for GOAT Coin and Solana (SOL).
What are the goals for GOAT and SOL coins?
According to Altcoin Sherpa, the market cap of GOAT Coin could reach an impressive $1 billion. This coin recently debuted on Binance Futures as part of a unique initiative that utilizes artificial intelligence. It is created through an AI agent that behaves similarly to humans and makes decisions that contribute to its growth. This innovative approach continues to drive bullish sentiment in the industry.
How does SOL Coin stand out?
On the other hand, cryptocurrency giant Titan predicts that Solana (SOL) will surge to $1,400. This prediction is based on the formation of a bullish chart pattern, which suggests a significant increase. It is expected that the liquidity of Solana-based altcoins will increase, potentially further driving the rise in value.
The goal of GOAT Coin is to achieve a market cap of $1 billion through an AI-driven strategy.
Supported by a bullish chart pattern, SOL could reach $1,400.
The increase in liquidity within the Solana ecosystem is expected to enhance overall market performance.
Despite optimism surrounding these altcoins, Ethereum seems to be struggling. Altcoin Sherpa warns against overestimating ETH’s potential in the short term and advises taking a wait-and-see approach until early next year. This sentiment suggests a strategic retreat from holding positions until market conditions improve.