Analyst Unveils Catalysts That Could Trigger ‘Crazy Pump’ for Solana, Says SOL Could Become the Hardest Layer-1
A widely followed analyst is leaning bullish on Solana (SOL) over the long term amid an upcoming upgrade. In a new video, the analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that a proposal to reduce Solana’s inflation rate by around 80% at the end of Epoch 755 heightens Solana’s bullish prospects. An Epoch is a fixed period during which certain network activities such as governance matters, protocol upgrades, and other related matters are decided and executed. At the same time, InvestAnswers says the bullish thesis for the sixth-largest crypto asset by market cap is further improved if the U.S. Securities and Exchange Commission (SEC) approves a spot Solana exchange-traded fund (ETF). “…they’re coming up with this vote to reduce inflation on Solana, which currently is not that bad at all. But that will reduce inflation from about 4.8% down to about 0.86% inflation. If it passes, if it passes and it’s l...