Economist Alex Krüger, Ethereum rival solana He believes that ‘s value is undervalued due to the activity in its ecosystem.
In a new interview with Bitcoin Suisse’s podcast Verified, Krüger noted that Solana has a more vibrant ecosystem and greater potential than ETH. He predicts an upward momentum for SOL in the long term. Moreover, the price of the native token SOL is more affordable compared to ETH, which makes it more suitable for long positions and spot buying.
Memecoin WIF has approximately $40-50 million in daily trading volume. They basically make $100,000 a day from wages. These are all retail and you go back to ETH and there is not a single memecoin on the ETH side that is making more than $3 million a day. This product is market fit. Retail legions, Solana is perfect for them. ETH is the opposite.
There are many different blockchains, but there are two real networks with local community and smart contracts. These are ETH and Solana, there is no one else.
NEWS CONTINUES BELOW
Solana is trading at $115.80 at the time of writing, up nearly 4% in the last 24 hours.
The economist also thinks the broader crypto market will remain in an uptrend for some time.
“I still think valuations – if you are really bullish like me, the optimal path is to invest as much as possible rather than trade, especially given that valuations in crypto have not yet adjusted from 2023 levels.”
