Analysis from the Negentropic account, a co-founder of Glassnode, suggests that three major cryptocurrencies—Bitcoin, Ethereum, and Solana—may set new records in the coming weeks.
Forecast from Glassnode Founders
A recent statement by the Negentropic account indicates that Bitcoin, Ethereum, and Solana are expected to reach new price records within 3-4 weeks. The statement highlights the "last chance for September pessimists to reposition," signaling a need for investor caution until the end of the month.
Current Levels of Bitcoin, Ethereum, and Solana
At the time of writing, Bitcoin was trading at $114,886, having tested $116,300 in the last 24 hours. Meanwhile, Ethereum was priced at $4,521 after testing $4,560, and Solana was trading at $237 after reaching $240. Although these prices remain below their previous peaks, they support a bullish outlook.
Expert Opinions and Market Expectations
Echoing Glassnode's forecasts, popular voices in the cryptocurrency community also predict Bitcoin may soon reach a new all-time high in the short term, including PlanC, CEO of Quantileinvesting, and analyst Miles Deutscher.
The prediction from Glassnode, along with analyst insights, underscores the optimistic sentiment in the cryptocurrency market, particularly regarding Bitcoin, Ethereum, and Solana. Current price levels set the stage for potential new records in the near future.
