Renowned crypto analyst Ran Neuner from Crypto Banter sees a big opportunity in Solana (SOL) for those willing to take the plunge. Neuner advises crypto enthusiasts interested in SOL to buy the token before the Solana BreakPoint 2024 event in September.
Ran Neuner's Forecast
According to Neuner, SOL's current price is attractive due to the shift of attention by many users towards Tron (TRX). However, Neuner believes that Tron's growth will not impede Solana's progress. He insists that now is a suitable time to acquire SOL ahead of the anticipated price increase just before the Solana BreakPoint 2024 event.
Current Solana Situation
Neuner believes that the temporary stability in SOL's price is due to the preference of many users for Tron, thinking it could replace Solana. Neuner disagrees with this opinion and is confident that Tron's development will not affect Solana. He thinks that crypto investors can benefit from the expected SOL rally ahead of the event by employing a 'buy the rumor, sell the news' strategy.
Solana BreakPoint 2024 Details
The Solana BreakPoint 2024 event will be held in Singapore from September 20 to 21. Neuner notes that SOL's price typically rises in the week before the event and then falls during the event itself. He explains this by the announcements at the event often failing to meet investors' expectations, leading to sell-offs.
In conclusion, the analyst advises those expecting a rise in SOL’s price to prepare to buy the token ahead of Solana BreakPoint 2024 to capitalize on the favorable moment.
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