Popular crypto analysis channel InvestAnswerst, Ethereum rival solana It reveals the potential rise for (SOL).
InvestAnswers’ anonymous host noted to his 478,000 subscribers in a new YouTube video that Solana reached 20% of Ethereum’s market cap in December, but has outperformed the second-largest crypto asset in the months since.
The InvestAnswers host says that if the SOL token were to return to this 20% level, it would mean a SOL price of around $171 based on where ETH is currently trading.
“If we reach one-third of Ethereum’s market cap, it would be $277, if we reach half of it, it would be $421, and if we reach 70% it would be $585. A lot of people are talking about it becoming parity, but I’m not going to go there, because ETH is still a big machine, a big beast. Remember, we have been at some of these levels in the past and we can probably get there again.
The other good news is EthereumAs the value of ‘s rises, technically Solana will also rise. However, there is a delay. In short, we can say that the future is very bright.”
SOL is trading at $108.62 at the time of writing. The fifth-ranked digital asset by market cap did not experience the 2024 gains that much of the crypto market had and is priced at roughly the same point as it was at the beginning of the year.
