Bitwise CIO "A 'Solana season' is coming at year-end"

Son Min

Summary

"A projection emerged that Solana (SOL) could begin a rally at year-end based on exchange-traded products (ETP) inflows and corporate accumulation."
"Matt Hogan, Bitwise CIO, explained that in the past Bitcoin (BTC) and Ethereum (ETH) also rose nearly threefold under the same conditions."
"Hogan said Solana's speed and low costs could be strengths in the areas of stablecoins, real-world assets (RWA), and decentralized finance (DeFi)."

Solana (SOL) could begin an upward rally at year-end.

On the 10th (local time), Matt Hogan, Bitwise's chief investment officer (CIO), said in a memo, "Solana has all the conditions to mount a strong rally at year-end," and forecasted, "With exchange-traded product (ETP) inflows and corporate accumulation of Solana, a 'Solana season' will begin."

He explained that Bitcoin (BTC) and Ethereum (ETH) also surged under the same conditions. Hogan said, "The launch of exchange-traded products and corporate accumulation are processes Bitcoin and Ethereum also went through," and "after those requirements were met, Bitcoin and Ethereum rose about threefold."

He also said Solana's technology supports the bullish outlook. He said, "Solana's strengths are speed and low costs," and added, "It could outperform Ethereum in the areas of stablecoins, real-world assets (RWA), and decentralized finance (DeFi)."

SOL