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Mike Tyson Wonders How High Solana Price Can Go

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Sun, 01/16/2022 - 14:48
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Alex Dovbnya
Mike Tyson has dabbled in price predictions, asking followers how high Solana (SOL) can go
Mike Tyson Wonders How High Solana Price Can Go
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Shortly after declaring that he went all-in on Solana (SOL), legendary boxer Mike Tyson is now asking his 5.7 million Twitter followers how high the price of the token could go.      

As reported by U.Today, Tyson, who became the youngest heavyweight champion in history in 1986, also showed off his Catalina Whale non-fungible token that he bought on Solana-powered NFT marketplace Solsea.

Later, Tyson inquired whether leading NFT marketplace OpenSea would add support for Solana.

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Earlier this week, he also started touting DREAM, the cryptocurrency of The Dream Foundation, highlighting the importance of improving mental health within the cryptocurrency community.

One should take investment advice from Tyson with a big pinch of salt. After all, he famously went bankrupt in 2003 after squandering his enormous fortune on mansions, exclusive parties and Bengal tigers.          

Some Twitter users accused “Iron Mike,” who once secured $30 million for the infamous fight against Evander Holyfield in 1997, of attempting to pump his SOL bags.

Bullish forecasts   

 After soaring over 17,500% in 2021, SOL is struggling to regain momentum, currently trading at $148.74. The token is down 43% from its all-time high.

With that being said, JPMorgan recently predicted that Solana could emerge as the leading smart contract platform, challenging Ethereum’s dominance in the decentralized finance space. Bank of America went as far as forecasting that it could become the “VISA of crypto” despite relatively poor decentralization.

Yet, it is facing competition from other “Ethereum killers” such as Binance Smart Chain, Cardano and Terra.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.