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HomeNewsAltcoin Alert: Analyst Calls One Crypto 'Super Strong,' Predicts 100% Rally Despite...

Altcoin Alert: Analyst Calls One Crypto ‘Super Strong,’ Predicts 100% Rally Despite Volatility

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  • 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.

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.

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. 

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%.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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