A veteran cryptocurrency trader and phenom is announcing a mid-size altcoin that he says will outperform Ethereum significantly this year.

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Trader with 539,500 followers under the pseudonym The Crypto Dog says smart contract platform Solana (SOL) has the potential to reach Ethereum’s $250 billion market cap:

“The SOL/ETH chart looks incredible – it’s extremely bullish. SOL could do 10x and still have room to double before capturing Ethereum at current market cap. I expect Solana to capture several times the market cap of Ethereum this year.”

According to CoinMarketCap, Solana is trading at $32.44 at the time of writing, with a valuation of $8.87 billion. SOL needs to do 27x to get close to Ethereum’s current market cap.

The trader points out that Solana does not need to catch up with the market cap of Ethereum for it to outperform. He says that Solana “must achieve only a fraction of what ETH does.”

Comparing the bull cycle of 2021 to the bull cycle of 2017, the trader believes that the cryptocurrency markets are poised to hit all-time highs due to the influx of funds in the space:

“The difference between this loop and the last loop:

Many of us have earned enough to survive comfortably and continue HODL.

Also, as an industry, we have enough capital and ample prospects for future funding (e.g. a16z’s 2.2 billion fundraising) to know we will see new heights again…”

According to the cryptocurrency trader, at some point the markets will recover so quickly that some investors will continue to watch in a corner:

“We will rise from the bottom extremely quickly and leave most side investors stuck in stablecoins.”