A closely followed analyst who accurately called that the crypto bull market will be focused on Bitcoin (BTC) now believes that it’s time for Ethereum (ETH) to shine.

In November of 2024, analyst Benjamin Cowen predicted that Ethereum would “come home” or drop to its logarithmic growth trendline based on historical patterns.

In April of this year, Ethereum fell to around $1,550, prompting Cowen to declare that ETH had come home.

Now, Cowen says that Ethereum rallies will be partly fueled by capital rotation from altcoins to ETH.

“If you bought ETH when it went home and feel like you are missing out on ALT rallies, consider this:

The collective altcoin market is down 40% against ETH since ETH went home.

We are at the:

‘Yes your alt went up, but does it bleed against Ethereum’ phase of the cycle…

When ALTs bleed to BTC, be in BTC over ALTs.

When ALTs bleed to ETH, be in ETH over ALTs.

It’s not that complicated.” 

The analyst also believes that Ethereum has a solid shot at printing new all-time highs once it takes out a resistance level that has kept the market bearish since December 2021.

“Since ETH went home, the next time it reaches $4,000, there is a good chance it actually breaks through. One way for this cycle to feel more complete is for ETH to rally to new highs sometime over the next half-year.”

At time of writing, Ethereum is worth $3,725.

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July 21st Bitfinex alpha | Alts Rally continues on to BTC ATH

Bitcoin hit a fresh high of $123,120 last week, then cooled to sideways integration, recording a rally of 65.3% from its April low. Once Bitcoin suspends, altcoins have surged aggressively, with many big caps like Ethereum and XRP surpassing the top for the first time in months. This change in momentum has led to a 6.9% decline in Bitcoin dominance, the largest since December 2023, suggesting that the market is spinning into higher beta assets, a feature of the medium-cycle expansion stage.

Despite Bitcoin integration, it far surpasses the 95% realized cost base of holders, highlighting that most of the supply is profitable. This historically illustrates a later stage bullish phase in which profits from short-term holders are intensified. Long-term holders first began distributing coins in early 2024, while ETFs, retail and new market participants are absorbing their supply. This natural rotation between holder classes reflects the maturation cycle, but also increases short-term vulnerability, especially when buyer momentum fades.

Bitcoin has returned for a short time to $115,820 after testing the +1 standard deviation band (σ) above the short-term holder cost base above $120,000. For the rally to continue, the next resistance will be in the +2σ band, close to $136,000. This is a level related to terms of acquisition and the vibrancy of the peak market. To maintain momentum to reach that level, it could require an updated institutional influx or a strong macro tailwind to absorb profit-raising pressure. For now, the baton has gone to Altcoins, but the structural strength of Bitcoins remains intact.

The macroeconomics has revealed tariff-driven inflation is emerging, with CPI rising by 0.3% in June and higher import costs from China and other major US trading partners, pushing up the prices of consumer goods such as appliances and apparel. Shelter and service inflation shows mild easing, but producer price data refers to rising upstream costs and potential “stagflation light” risks, urging the Fed to curb interest rate cuts for now. Despite these inflationary pressures, US retail sales rebounded 0.6% in June. This precedes car sales and pre-emptive consumer purchases, while actual consumption continues to rise slightly. Labor market data adds to complex situations. Although early unemployment claims have declined, this suggests continued claims and slow wage growth.

In Crypto, institutional adoptions have skyrocketed as Strategies (previously MicroStrategy) became the first public company to own more than 600,000 BTC, and now exceeding $73 billion. Meanwhile, Hungary has imposed strict penalties on unauthorized crypto transactions, forcing major platforms to halt services, and Kazakhstan is weighing the crypto allocation of sovereign reserves.

]]> https://earlybirdsinvest.com/bitfinex-alpha-alts-rally-continues-on-to-btc-ath/feed/ 0 48920 https://earlybirdsinvest.com/solana-price-prediction-as-wall-street-rotates-into-alts-sol-could-lead-the-next-mega-rally/ https://earlybirdsinvest.com/solana-price-prediction-as-wall-street-rotates-into-alts-sol-could-lead-the-next-mega-rally/#respond Tue, 17 Jun 2025 17:13:19 +0000 https://earlybirdsinvest.com/solana-price-prediction-as-wall-street-rotates-into-alts-sol-could-lead-the-next-mega-rally/

Author

Simon Chandler

Author

Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Last updated: 

June 17, 2025

The Solana price (SOL) has slipped 3% to $151.69 today, as the crypto market reacts to rising geopolitical tensions amid the escalating Iran-Israel conflict.

While SOL is now down 4% in a week and 11.5% over the past month, institutional appetite for crypto appears to be returning, with $1.9 billion in inflows last week alone — a potential sign of what’s to come.

And with growing speculation around a Solana ETF approval later this year, the long-term Solana price prediction still points to major upside once the dust settles.

Solana Price Prediction: As Wall Street Rotates Into Alts, SOL Could Lead the Next Mega Rally

According to the latest CoinShares Digital Asset Fund Flows report, cryptocurrency funds attracted just over $1.9 billion in net inflows across the week to June 16th.

The vast bulk – $1.3 billion – was for BTC-based funds, with altcoins accounting for the remainder.

Yet with only $1.26 million in inflows, Solana was actually fourth among the alts last week, behind Ethereum ($583 million), XRP ($11.8 million) and Sui ($3.5 million).

Having said that, it still accounts for more in total AUM than any altcoin other than Ethereum, at $1.39 billion (XRP is third with $1.25 billion).

This testifies to its ongoing popularity, and if we look at its chart today we see that it may be nearing a breakout.

Of particular note is its 30-day average (orange), which recently fell below the 200-day (blue), meaning that the coin is close to a bottom.

Its RSI (purple) tells a similar story, having begun rising from a low recorded earlier in the month.

Now is therefore a good time to buy Solana, given that it remains in an oversold position and looks ready to pop.

And fundamentally, Solana is one of the strongest alts in the market, with its network second overall in terms of TVL.

It’s also looking forward to a couple of updates (Alpenglow and Firedancer) later in the year that will only boost its scalability and stability, helping it grow even further.

This will help it continue to attract institutional money, with the possibility of SOL ETFs likely to boost inflows even further.

Given these factors, and given the stable level of institutional interest in SOL, the Solana price is on course to reach $200 again by the middle of July, and $500 by the end of the year.

Solaxy Ready for One of the Biggest Token Launches of the Year: Next 100x Coin?

One of the reasons why Solana is such a bullish token is that it continues to boast a vibrant ecosystem of Solana-based tokens, including meme coins and more serious alts.

Possibly the most interesting addition to its ecosystem is Solaxy (SOLX), a layer-two network that has recently closed its presale, raising an incredible $53.8 million.

Its SOLX token will launch in just under seven days, yet investors still have one last chance to buy it below its list price, with the coin still available via the Solaxy website at $0.001766.

Solaxy has been so successful in raising funds because of its promising fundamentals, with the project about to launch a layer-two network for Solana.

It will provide Solana users with low transaction fees and fast confirmation times, helping them to avoid the delays and dropped transactions that can still impact its parent layer.

On top of this, it will be rolling out its own token launchpad and DEX, with the L2 aiming to become an important hub for trading.

As its native token, SOLX will pay for transaction fees, while holders will also be able to stake it.

As noted above, it will launch in just over six days, with latecomers able to buy some now by going to the Solaxy website.

Even though some big brands have stepped back from the NFT world—as Nike did with its RTFKT project—adidas is showing that it’s still eager to explore what’s possible. Their recent final reveal of ALTS by Adidas avatars seems to signal a belief in the future of digital avatars, digital collectibles, and Web3. Instead of retreating, adidas is pressing forward, hoping to give fans and collectors something fresh.

The Birth of ALTS by adidas

The ALTS by Adidas NFT avatar reveal arrived on December 10, 2024, nearly three years after its first mint in 2021. This collection includes 20,066 unique digital avatars—each one designed to represent your “alternate self.” They blend 75 years of adidas history with futuristic style. Picture the brand’s legacy of athletes, creators, and ambassadors, all reimagined in a new, digital form.

This collection is divided into eight different “ALT[er] Egos”: STRIKES (Football), SPRINTS (Running), HOOPS (Basketball), AMPS (Music & Entertainment), THRILLS (Gaming & Action Sports), SOLES (Sneaker Fans), DECOS (Art), and DRIPS (Fashion). Each avatar comes packed with over 250 unique traits, plus more than 80 digital wearables inspired by adidas style codes. When you buy one of these items, you don’t just get something to look at—you get a new digital identity you can show off.

The launch of this project has arrived as the market started looking a bit more upbeat. As of today, its floor price stands at $253.76, with a 24-hour trading volume of 30.30 ETH. The collection includes 20,066 minted NFTs, held by 10,158 unique owners, with a total market cap of $5,092,003, according to CoinGecko.

Source Adidas

Standing Out in a Crowded Field

There are endless types of digital collectibles, and no shortage of hype. Over the last few years, adidas has tested new forms of engagement, partnering with names like Doodles and Pharrell, participating in Onchain Summer on Base, and promoting active lifestyles with STEPN GO on Solana and Polygon.

These experiments have helped adidas learn how to engage fans in on-chain spaces. They’ve also tried fresh launch methods with partners like Prada, BAPE, Moncler, and Bugatti. All this hands-on experience may help the ALTS by adidas collection find its footing, especially as people discover what makes these alts different.

Getting the Most Out of Your ALTS Avatar

For those who already have ALTS by Adidas from previous chapters, now is the moment to check out what you’ve got. Head to an NFT marketplace, such as Magic Eden, to see your fully revealed avatar. If it doesn’t show up right away, just refresh your metadata to receive the latest content.

https://twitter.com/altsbyadidas/status/1866515552044237220

Looking Ahead

According to Adidas, in 2025, the plan is to cut back on vague promises and stick to what’s real and ready. Adidas wants to build trust by sharing updates and benefits only when they are set to go live. The goal is to develop the ALTS IP within emerging on-chain playable worlds, teaming up with select gaming platforms to create new experiences.

According to their website: “No more ambiguous roadmaps or announcements to drive ‘hype’. Our focus will be on delivering updates and benefits only when they’re ready, ensuring clarity, inclusivity and trust.”

In a world where some major players have pulled back, Adidas is stepping forward. Or sticking around, at least.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.