Earlier today, Keiser took to X/Twitter to make another mega-bearish prediction on the future of the SOL price as he sees it.
Since Jan. 11, Solana’s native token SOL has plunged by a staggering 26%, falling from the $107 peak (reached on the back of Bitcoin briefly soaring after the U.S. Securities and Exchange Commission issued approval of spot Bitcoin ETFs) and hitting a $79.34 low on Jan. 23.
It was this continuous recent price fall that Max Keiser commented on in his tweet, promising that SOL would eventually trade at virtual zero against the global leading cryptocurrency and digital gold. A similar tweet was recently published by Keiser about XRP.
In a recent development, over the past 24 hours, the token in question has managed to stage a significant recovery of more than 10%, getting back to trading at the $87.66 price tag.
Previously, Keiser made a similar bearish prediction about Solana at the start of the year, predicting that SOL would definitely go down to $20. Back then, the token experienced a quick 15% price fall to $96.
Keiser believes that Bitcoin is the only decentralized cryptocurrency since it was created by one person (known to the cryptocurrency community as Satoshi Nakamoto), who chose to disappear from public view almost immediately after BTC was released. Unlike Bitcoin, altcoins have been created by teams of IT engineers, hence Keiser’s belief they are nothing but “centralized garbage.” Keiser also supports the SEC in its lawsuit against Ripple.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
