Public chain Solana (SOL) broke through $126 today, reaching a new high since April last year. Santiago R Santos, former partner of ParaFi Capital and founder of EON Capital, boldly predicts that Solana will eventually surpass Ethereum, with an 80% probability that SOL’s market value will surpass Ethereum within three years.
Since mid-October, Solana (SOL) has been skyrocketing from around $20. After breaking through the $100 mark on the 24th, it broke through $120 today (26th), reaching a high of $126.36, a new high since April last year. As of the deadline, it is currently reported at $119.3, with an 8% increase in the past 24 hours and an increase of over 104% in the past month.
The current market value of SOL exceeds $10 billion, surpassing BNB with a market value of $40.2 billion, ranking fourth among cryptocurrencies, only behind Bitcoin, Ethereum, and USDT.
While SOL is soaring, Santiago R Santos, former partner of ParaFi Capital and founder of EON Capital, who has been involved in cryptocurrency investment since 2013, boldly predicts that Solana will eventually surpass Ethereum. He raised the probability of Solana surpassing Ethereum within this cycle (three years) from 20% at the beginning of the month to the current 80%.
Santiago R Santos explained that he does not set this probability to 100% because nothing is certain. His assumption is that the rotation within the cryptocurrency will be more centered around SOL. Compared to other networks, SOL’s performance will be better and the gap with other networks will be narrowed. The proportion of new funds flowing into SOL will be higher. Santiago R Santos concluded that as funds flow in and the overall market cap increases, the high correlation within the cryptocurrency market will continue to exist in this cycle, and the fully diluted market cap (FDMC) and price of ETH and SOL may rise. The SOL/ETH ratio will converge, and the fully diluted market cap of both will eventually be equal to 1:1.
Earlier, Santiago R Santos stated that Solana can surpass Ethereum without the decline of Ethereum’s market value. With various applications and improvements in practicality, SOL and its ecosystem may become a relatively profitable investment path and attract funds from retail and institutional investors in the next market cycle.