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