Solana Predicted to Outperform Ethereum by 500%: Glassnode Co-Founders
Crypto analytics firm Glassnode’s co-founders, Jan Happel and Yann Allemann, have made a bold prediction that Solana (SOL) will outperform Ethereum (ETH) by a staggering 500% in the next bull run. This optimistic outlook comes after a recent interview with macroeconomist Henrik Zeberg and Global Macroinvestor CEO Raoul Pal, where the discussion centered around the potential for a remarkable rally in the SOL/ETH chart.
Expert Insights: Solana’s Momentum Surpasses Ethereum in Bullish Rally
During the interview, Pal and Zeberg expressed strong confidence in Solana’s significant momentum, expecting it to surpass Ethereum in terms of performance. Glassnode’s co-founders, inspired by this analysis, delved into the question of how much Solana could potentially outperform Ethereum. According to their insights, the current SOL/ETH ratio stands at around 0.14, and they anticipate a substantial increase in the ratio.
The Potential of Solana: Could It Outperform Ethereum by 4-5X?
Negentropic, the X account operated by Glassnode’s co-founders, noted that the SOL/ETH ratio could rise to around 0.76 from its current level of 0.14, indicating a potential 4-5X outperformance of Solana over Ethereum. This prediction further adds to the bullish sentiment surrounding Solana’s future prospects.
Bullish Sentiments Remain High for Solana Despite Recent Setback
Despite experiencing a retracement and profit-taking after a remarkable surge last month, the overall bullish sentiments for Solana remain notably high. Analyst “Crypto Simon” highlighted in a tweet that the SOL/USDT price chart is signaling a potential breakout from its descending channel, implying a shift towards an upward trend. This suggests that the setback may be temporary, with Solana poised for a bullish movement targeting resistance levels near $128.
Solana vs Ethereum: A Closer Look at the One-Year Trajectories
At the time of writing, Solana is trading at $89.31, reflecting a 6.36% decline over the past 24 hours. Ethereum, on the other hand, is trading at $2,438 after experiencing a similar 3.8% decrease during the same timeframe. Despite these short-term fluctuations, the one-year trajectory for Solana remains notably robust, with a growth of 340.43% from around $20. In comparison, Ethereum’s one-year trajectory is comparatively lower at 60.72%, indicating growth from $1,500.
In conclusion, Glassnode’s co-founders predict that Solana will outperform Ethereum by a significant margin in the next bull run. Their analysis, along with the insights from Pal and Zeberg, suggests that Solana’s momentum and potential for growth are highly promising. Despite a recent setback, the overall bullish sentiments for Solana remain strong, making it an interesting cryptocurrency to watch in the coming months.
Analyst comment
Positive news: Solana is predicted to outperform Ethereum by 500% in the next bull run, according to Glassnode’s co-founders. They anticipate a substantial increase in the SOL/ETH ratio, potentially leading to a 4-5X outperformance of Solana. Bullish sentiments for Solana remain high, with a potential breakout from its descending channel and a target price near $128. Despite short-term fluctuations, Solana has shown a robust one-year trajectory, growing by 340.43%. Overall, Solana’s momentum and potential for growth make it an interesting cryptocurrency to watch.
