Crypto Dog, a veteran cryptocurrency analyst and influencer, describes a mid-size altcoin project that he says will significantly outperform Ethereum this year.
Crypto Dog: SOL may outperform leading altcoin ETH
Popular analyst Crypto Dog tells his 539,500 followers that the smart contract platform Solana (SOL) has the potential to reach the $250 billion market cap of Ethereum. Crypto Dog adds the following to his explanations on the subject:
Popular altcoin SOL/ETH chart looks incredible, extremely bullish. SOL could be 10x higher and still more than double before catching Ethereum at current market cap. I expect Solana to gain several times the market cap for Ethereum this year.
Crypto Dog: Crypto markets could record all-time highs
According to CoinMarketCap, Solana is trading at $32.8 at the time of writing, with a valuation of $9 billion. SOL needs to rise above 27x to get close to Ethereum’s current market cap. In fact, according to the analyst, SOL will significantly outperform Ethereum this year.
Analyst Solana says that “ETH only needs to achieve a fraction of what it does.” Comparing the bull cycle of 2021 to the bull cycle of 2017, the analyst believes that the crypto markets are poised to hit all-time highs due to the influx of funds in the industry. Crypto Dog adds the following to his explanations on the subject:
The difference between this cycle and the last cycle: Many of us have earned enough to survive comfortably and continue HODL (wait for life). Also, as an industry, we have enough capital and ample prospects for future funding (e.g. a16z 2.2 billion crypto hike) to know we will see new highs again… New highs Q3 but they won’t believe it.
Crypto Dog: We’ll pump the bottom extremely fast
According to the crypto analyst, the market will rise quickly. Crypto Dog adds the following to his explanations on the subject:
We will pump the bottom extremely quickly, leaving most horizontal investors stuck in stablecoins.
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