A well-liked crypto analyst is predicting an exponential rally for considered one of Ethereum’s (ETH) greatest opponents.
The nameless host of InvestAnswers tells his 444,000 YouTube subscribers that the speedy adoption of good contract platform Solana could possibly be the gasoline that sends SOL again to its all-time excessive of $259.65.
“I consider contemplating that Solana trades at lower than 1/sixteenth of the market cap of Ethereum, but it surely’s as broadly adopted and does a whole lot of transactions, I believe it’s a screaming worth, and I do consider it’ll a minimum of go to twenty% of ETH’s market cap within the very close to future.
And because the market rebounds, I consider Bitcoin (BTC) will rebound first, Ethereum second, after which as soon as these items run, the cash will switch from the runners to those that haven’t run but. And that’ll be Solana ,after which that might go very excessive and that may be 825% return. So principally you’re solely making 3X the cash investing in Solana than you might be with Ethereum, but it surely’s riskier. And that’s the place we’re.
Does it have an opportunity of going again to its all-time excessive of $260-plus? The reply is, I consider so. In the event that they proceed to execute, in the event that they get out of mainnet beta, in the event that they haven’t any extra outages, resolve all their issues, the adoption ought to proceed. However there’s competitors. And we do have new names sucking the oxygen out of the room like Aptos (APT), which I consider is a part of the explanation for the weak point within the layer-1s final week, the so-called ‘SOL killer.’”
At time of writing, Solana is buying and selling arms at $28.38.
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