Solana Prices to Mirror and Ultimately Surpass Ethereum
Angel investor Santiago R Santos posted on the X platform stating that Solana will stand shoulder to shoulder with Ethereum and ultimately surpass it, with an 80% probability of this happening in the current cycle. Additionally, as capital inflows increase and the overall cryptocurrency market cap grows (given the sustained high correlation within the cryptocurrency space during this cycle), the fully diluted market cap (FDMC) and prices of ETH and SOL may rise. The convergence of the SOL/ETH ratio and the FDMC of both may ultimately equalize at 1:1.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%