Renowned economist and trader Alex Krüger believes that the idea of Solana (SOL) surpassing Ethereum (ETH) in market cap is not as far-fetched as some may think. On the Unchained podcast, Krüger discusses Multicoin Capital managing partner Kyle Samani’s prediction that Solana could potentially flip Ethereum.
Krüger expresses his long-term bullish outlook on SOL/ETH, noting that Solana is well-positioned to challenge Ethereum’s dominance. He highlights Solana as the only blockchain besides Ethereum that has achieved escape velocity, with a strong foundation to support its growth. The volume and innovation on Solana’s network are key factors in its potential to overtake Ethereum.
While Krüger acknowledges that he is not actively betting on this scenario, he sees it as a feasible possibility. He points to data showing the implied volatility and price performance differentials between SOL and ETH, indicating a potential shift in market dynamics favoring SOL in the future.
Looking ahead, Krüger remains optimistic about SOL’s prospects against ETH, particularly over a one-year timeframe. However, he notes the importance of considering upcoming unlocks in early 2022 and suggests extending the evaluation period for a more accurate assessment.
As of the latest data, the SOL/ETH trading pair stands at 0.0602 ETH, equivalent to $157.61. With ongoing developments in the crypto market, the competition between Solana and Ethereum continues to evolve, shaping the future landscape of digital assets.
[Disclaimer: The information provided in this content is for educational and informational purposes only. It does not constitute financial advice or endorsement of any specific investment decisions.]
