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A popular cryptocurrency analyst predicts that one of Ethereum’s (ETH) biggest competitors will rise exponentially.
Anonymous host of InvestAnswers To tell His 444,000 YouTube subscribers believe the rapid adoption of smart contract platform Solana could be the driving force behind SOL’s all-time high of $259.65.
Considering that Solana trades at less than 1/16th of Ethereum’s market cap, it’s been widely adopted, and I think it’s a great value given that it trades a lot. 20% of the market cap of ETH at least in the near future.
And as the market recovers, I believe Bitcoin (BTC) will recover first, followed by Ethereum. And it’s Solana, which can be very high, an 825% return. Basically, an investment in Solana will give him only three times more return than an investment in Ethereum, but the risk is higher. And that’s where we are.
Any chance of a return to the $260+ all-time high? The answer is, I believe so. If they can keep running, get out of mainnet beta, have no outages, and have all the issues resolved, adoption should continue. But there is competition. And there are new names like Aptos (APT) that suck oxygen out of the room, and I believe this is part of the reason for last week’s layer 1 weakness, the so-called “SOL killer”.
As of this writing, Solana is trading at $28.38.
Me
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