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  • FutureKron

Morning coffee: Isabel asked about SOLANA (SOL) and AAVE. (Here's my predictions...)

I'm so glad Isabel asked about SOL! It appears as if it's heading into some major, MAJOR problems after the New Year (4 months out is especially critical). Based on what I'm 'seeing', I'd say to avoid it at all costs, because honestly, it may never fully recover (or, at the very least, there will be far better investments, like ETH, for example).

Regarding AAVE...(scroll down for more below...)

Below: SOL has been one of the "darlings" of the crypto space, reaching a high of $250 in 2021. It is currently trading at over $13, and despite a rebound in the overall crypto market, its price could crash about 4 months out (if not much sooner). So, pay attention to analysts' warnings, and proceed with extreme caution!

Before proceeding with my AAVE prediction, I do want to acknowledge that Isabel is a seasoned investor, and knows how to hedge her bets. The crypto space is exceptionally volatile, and many lose money, so it's best to always proceed with caution, and never bet/invest money that you cannot afford to lose. For someone like me who does not "short" stocks or cryptos, dollar cost averaging (DCA) on a fairly short-term basis (swing trading) is the best way to go, especially now that the market is on the verge of reversing from bearish to bullish.

With that being said, as per Isabel's request, let's look at AAVE:

AAVE is going to be one of those solid, steady gainers throughout 2023 and into early 2024. As I scan its chart (in my mind) throughout 2023, it seems to be following the trajectory of the overall crypto market to a "T". However, I do think that there are much bigger gainers out there, so I would rate (on a scale of 1-10, with 10 being the biggest gainers) AAVE a 2-3, which isn't bad, especially if you're taking advantage of rewards/staking programs.

Thank you so much for your questions, Isabel! I really enjoyed doing this, and I hope this helps you out.

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