This Ethereum Killer is Predicted To Surge 8x In Coming Months

Ethereum

After Ethereum rallied to $2,030, the price has been experiencing a dry spell and has been unable to breach higher levels due to the harsh market conditions.

Ethereum (ETH 1.36%) has lost over 65% since last year. Moreover, the price of Solana has also come down by over 85% so far this year, thus, it is safe to believe that the coin was sold for a lot.

In light of potential future rallies and other popular cryptocurrencies, crypto analyst James Mullarney forecasts an exponential rally for one of Ethereum’s (ETH) primary rivals.

Solana vs Ethereum

InvestAnswers host Mularney informed his 444,000 YouTube subscribers that SOL could be brought back to its all-time high of $259.65 if there is widespread adoption of smart contract platform Solana.

“I do believe it’ll at least get to 20% of ETH’s market cap in the very near future,” the investor said, referring to Solana’s low price relative to Ethereum’s market cap despite the latter’s greater adoption and volume of transactions.”

He predicts that whenever the market finds positive momentum, Bitcoin (BTC) will recover first and Ethereum will follow closely, with funds flowing in from successful projects that are still in development.

Should you invest in Solana right now? 

Market participants are left in flux as to whether they should buy the dip or not. 

James Mularney predicts that Solana has the potential to appreciate significantly and deliver an 825% return if successful. Investing in Solana only triples your return on Ethereum, but it carries a high degree of risk. However, it will really stand the test of time.

The popular host believes that Solana has a high chance of achieving the $260 level. The adoption should proceed if they carry on with their current course of action, exit mainnet beta, experience no further outages, and resolve all of their issues. 

However, it is not without its fair share of obstacles. The so-called “SOL killer” Aptos (APT), which he believes is partly to blame for the weakness at Layer-1 last week, is one of the new names to blow the air out of the room.

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