Closely followed economist and trader Alex Krüger says that Solana (SOLThe market capitalization of Ethereum is now greater than the previous record.ETHIt’s not as impossible as investors think.
In a new discussion on the Unchained podcast, Krüger addresses Multicoin Capital managing partner Kyle Samani’s perspective Solana is likely to flip Ethereum at some point.
Krüger says that he’s long-term bullish on SOL/ETH and that Solana has all its ducks in a row if it wants to flip Ethereum.
“I believe it will be very viable in the end.” “I think that it is very possible.” I am not going to bet on this trade but I do believe it will work out. SOL, in my opinion, is the only other chain besides ETH to have reached escape velocity. The SOL team has nothing to prove and everything to succeed. The volume is there, the innovation is there…
As I looked at charts to see the level of euphoria, I put this chart up. If you change the window by seven days, it will be flat on the year…
The differential in implied volatility for example between SOL and ETH is about the same as the performance differential or price performance of 2024, so I was just thinking and reflecting that by looking at the euphoria and the attacks, because the attacks are regular, these ETH going after SOL and SOL going after ETH, you would expect the price differential to be 2x, not 25%…
SOL versus ETH is a good bet, say a year in advance. “Six months is a hard time to estimate because a lot will unlock early in the year. So I’d extend my forecast further.”
SOL/ETH trades for 0.0602 Ethereum worth $157.61 at the time of this writing.
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