The cryptocurrency market continues to perform well in the last trading days of August 2021, Bitcoin has stabilized above $48000 support, and this situation also supports the price of Solana SOL/USD, Cosmos ATOM/USD, and Litecoin LTC/USD. The cryptocurrency market continues to attract big investors, and according to the latest news, Coinbase will invest $500 million into Bitcoin, Ethereum, and other crypto-assets.
Morgan Stanley also recently announced that its investments funds have acquired over 6.5 million shares in Grayscale Bitcoin Trust (GBTC), while another positive news is that Allied Market Research reported that the global cryptocurrency market would hit $4.94 billion by 2030.
Florian Grummes, the managing director of investment advisory firm Midas Touch Consulting, said that he believes the price of Bitcoin will surge to $100,000 in the near future. Solana, Cosmos (ATOM), and Litecoin could be some of September’s best performers if this positive trend continues.
“Crypto’s latest swings are a sign that Bitcoin miners are back in business after a recent Chinese crackdown. At the same time, there is continued evidence of more mainstream acceptance, and corporations should consider adding Bitcoin to their balance sheets, said Superstar investment manager Cathie Wood.
Solana (SOL) could advance above $100 resistance in the positive trend continues
Solana has been one of the strongest performers this August, and there is no sign of a positive trend reversal for now. Solana could advance even more in the ongoing bull market, and if the price jumps above $100 resistance, the next price target could be around $110 or even above.
On the other side, if the price falls below $80, it would be a firm “sell” signal, and we have the
