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Economist Henrik Zeberg has indicated that Solana 
$170, a competitor to Ethereum 
$2,649, could gain value soon. He also predicts a general explosion in the altcoin market, stating that this period presents significant opportunities for altcoins.
Expectations for Solana’s Rise
In a statement made on the social media platform X, Henrik Zeberg emphasized that Solana could rise following a strong pullback. He believes that Solana will hold a leading position in the altcoin market. Currently, Solana’s value is around $196, having lost 5.5% in the past week.
Zeberg explains this situation using Elliott Wave theory, noting that Solana is nearing the third wave movement. He highlights that the third wave is typically the strongest movement in a five-wave rally. Moreover, he pointed out that “Altseason has begun and is about to enter its most explosive phase,” indicating the growth process in the altcoin market.
Status of Bitcoin and Altcoins
Zeberg believes that altcoins will surpass Bitcoin 
$107,018 in this market cycle. He also forecasts that Bitcoin will gain value in the short term as it approaches 2025. Currently, Bitcoin is trading steadily at $98,871.
Henrik Zeberg’s predictions regarding altcoins and Solana could create new opportunities for traders. Considering the variability of market conditions, it is essential to act cautiously and consciously. Zeberg’s analyses may assist investors in forming effective strategies.
