- Solana’s ambition to surpass Ethereum requires a 483% increase, with SOL needing to reach $982 based on current supply.
- By 2025, with an estimated supply of 506 million tokens, SOL must hit $860 to overtake Ethereum’s market capitalization.
Altcoin Sherpa anticipates a temporary setback in Solana’s value, projecting a dip to the $200-$250 range before it rebounds. He bases his long-term optimism on Solana’s appeal in the retail space, as we wrote in ETHNews, particularly for its affinity with digital culture and memes, predicting a surge beyond $500 by 2024.
$SOL: There is going to prob going to be a pullback somewhere in the $200-$250s but I don't know how deep it's going to be. Still bullish as hell on this one this cycle, it's the best chain for retail (evidence of memes). Prob $500+ in 2024. pic.twitter.com/5FMd4Bxycg
— Altcoin Sherpa (@AltcoinSherpa) March 17, 2024
Furthermore, the strategist casts his analytical eye on RSS3, a decentralized protocol for information processing. Despite the current market’s volatility, he remains invested in RSS3, observing its steady performance within a defined trading range. His insights suggest a resilience in RSS3 that counters broader market trends, with the asset trading at $0.448 following a recent downturn.
$ONDO: Buy ondo for financial freedom around $0.43. 1 of my bags for RWA this cycle, expecting good things for the future. pic.twitter.com/PYbyFb1pIB
— Altcoin Sherpa (@AltcoinSherpa) March 18, 2024
Lastly, Ondo Finance (ONDO) has caught Altcoin Sherpa’s interest for its innovative approach to tokenizing real-world assets, including bonds and treasuries. He recommends ONDO as a potential key to financial independence, citing its relevance in the current cycle and high future expectations.
With a current capitalization of $90 billion, SOL stands in stark contrast to ETH’s towering $435 billion. To eclipse Ethereum, Solana would require a meteoric rise of 483%.
Breaking down the numbers further, achieving supremacy over ETH would necessitate SOL’s price hitting $982, based on its existing supply of 443 million tokens. However, the plot thickens as Solana’s supply is on an upward trajectory, diverging from Ethereum’s slightly diminishing supply.Â
Looking ahead to 2025, with a projected SOL supply of 506 million tokens, the price per token would need to ascend to $860 to outshine Ethereum. This scenario would demand a surge of more than 300%.
