KOL The Crypto Dog says an altcoin is extremely bullish and will do significantly better than ETH this year

A seasoned trader and influencer picks a mid-cap altcoin that he believes will significantly outperform Ethereum this year.

Dealer nicknamed The Crypto Dog, was speak With its 539,500 followers, the Solana (SOL) smart contract platform has the potential to hit Ethereum’s current market capitalization of around $ 250 billion.

“The SOL / ETH chart looks fantastic – extremely bullish. SOL could go up 10x and still have room to double before catching up with Ethereum on its current market cap. I assume that Solana will reach the market capitalization of Ethereum this year. “

At the time of writing, Solana is trading at $ 33.23 with a valuation of $ 9.05 billion, according to CoinMarketCap. SOL needs to grow more than 27x to match Ethereum’s current market capitalization.

The trader pointed out that Solana doesn’t necessarily have to match Ethereum’s market cap to get better results. He speak Solana “has just completed a small part of what ETH is doing.”

Comparing the bull cycle from 2021 to 2017, he believes the crypto market is poised to print new all-time highs due to the inflow of money into the room.

“The difference between this cycle and the last cycle:

Many of us have earned enough to comfortably survive and continue to HODL.

Additionally, blockchain is a well-capitalized industry with sufficient reason to expect abundant capital going forward (e.g. the a16z fund has $ 2.2 billion in crypto). This means that the crypto market will continue to move higher in the future … New highs in the third quarter, but a lot of people won’t believe it. “

According to the Dealers, at some point the market will recover so quickly that some investors will be left behind.

“The market will pump from below quickly, leaving most of the marginal investors trapped in stablecoins.”

SN_Nour

According to dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page