Carefully adopted economist and dealer Alex Krüger says that Solana (SOL) exceeding the market cap of Ethereum (ETH) isn’t as farfetched as many buyers imagine.
In a brand new dialogue on the Unchained podcast, Krüger addresses Multicoin Capital managing companion Kyle Samani’s perspective that Solana will finally flip Ethereum.
Krüger says that he’s long-term bullish on SOL/ETH and that Solana has all its geese in a row if it needs to flip Ethereum.
“I believe it’s very possible in the long term. I’m not betting on that commerce, however I believe it’s very possible. The way in which I see it’s SOL is the one chain exterior of ETH that has reached escape velocity. They don’t have anything to show, they’ve all the things they should make it occur. The amount is there, the innovation is there…
I’m charts and searching on the euphoria and the breakpoint euphoria I simply occurred to place up this SOL/ETH chart. In the event you change the window by seven days, will probably be flat on the yr…
The differential in implied volatility for instance between SOL and ETH is about the identical because the efficiency differential or worth efficiency of 2024, so I used to be simply considering and reflecting that by trying on the euphoria and the assaults, as a result of the assaults are common, these ETH going after SOL and SOL going after ETH, you’d anticipate the worth differential to be 2x, not 25%…
I’m bullish SOL versus ETH, say one yr out. Six months out it’s arduous to say as a result of there’s a variety of unlocks developing early subsequent yr, so I’d transfer my window additional out.”
At time of writing, SOL/ETH is buying and selling at 0.0602 ETH value $157.61
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