Economist and trader Alex Krüger believes it’s possible that Solana (SOL) could surpass Ethereum (ETH) in market cap, an idea gaining traction among investors.
During a recent appearance on the Unchained podcast, Krüger addressed a statement made by Kyle Samani, managing partner at Multicoin Capital, who suggested that Solana could eventually “flip” Ethereum.
Long-Term Bullish on Solana
Krüger expressed optimism for Solana’s future, noting its potential to compete with Ethereum. While he isn’t betting on the immediate flipping of Ethereum, he believes Solana has what it takes in the long run.
“I think it’s very feasible in the long run. SOL has already reached escape velocity. The volume, innovation, and development are all there.”
Comparing Solana and Ethereum
Krüger analyzed the market performance of SOL/ETH and highlighted a 25% price differential between the two. He added that the volatility between the two assets is nearly the same. Despite the rivalry between Solana and Ethereum communities, he expects Solana to perform better over the next year.
“I’m bullish on SOL vs. ETH looking one year out. Six months from now is harder to predict due to upcoming unlocks early next year.”
At the time of writing, SOL/ETH is trading at 0.0602 ETH, worth $157.61.
