Carefully adopted economist and dealer Alex Krüger says that Solana (SOL) exceeding the market cap of Ethereum (ETH) isn’t as farfetched as many traders consider.
In a brand new dialogue on the Unchained podcast, Krüger addresses Multicoin Capital managing associate Kyle Samani’s perspective that Solana will ultimately 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 desires to flip Ethereum.
“I feel it’s very possible in the long term. I’m not betting on that commerce, however I feel it’s very possible. The best way I see it’s SOL is the one chain outdoors of ETH that has reached escape velocity. They don’t have anything to show, they’ve all the pieces they should make it occur. The quantity is there, the innovation is there…
I’m taking a look at 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, it will likely 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 pondering 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’ll anticipate the worth differential to be 2x, not 25%…
I’m bullish SOL versus ETH, say one yr out. Six months out it’s laborious to say as a result of there’s quite a lot 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 price $157.61
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