December 26, 2023 8:54 AM | 2 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
Cryptocurrency analyst Altcoin Sherpa has reportedly increased his holdings for Solana (CRYPTO: SOL) despite suggesting that it might not be the optimal time for such an investment.
What Happened: Altcoin Sherpa anticipates that the cryptocurrency, often regarded as a competitor to Ethereum (CRYPTO: ETH), will maintain its upward trajectory into 2024.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
The analyst posted on X, “SOL: Probably a bad place to buy but screw it, I’m going just to add more to my stack. Going to buy it and then throw it in my cold wallet and let this get me rich in 2024.”
Altcoin Sherpa pointed out the approachability and affordability of the Solana chain for novel users, especially those transacting with smaller sums, “What furthered my thesis even more on SOL was watching retail people who were getting into crypto for the first time interact on- chain. ETH was impossible, even other stuff was pretty expensive at times. If you’re working with $100, you can do A LOT more on cheaper chains.”
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: This comes as Google’s search volume for the term “Solana ” has experienced a significant surge, increasing by 250% over the past two months. Data released by The Block indicates that the search volume for the term “Solana” has increased from a score of 14 in early October to 49 in early December, on a scale ranging from 0 to 100.
Price Action: At the time of writing, Solana has been trading at $122.64, up 7.73% in the last 24 hours, surging over 1,000% from the beginning of the year.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read More: Crypto Analyst Says This ‘Ethereum Killer’ Will Get Him Rich In 2024: ‘My Thesis