- Ben Armstrong thinks Solana could be one of many best-performing cryptocurrencies within the upcoming bull run.
- Armstrong believes Solana has a slim probability of surpassing Ethereum in market cap.
- In accordance with Armstrong, traders could go away Ethereum for Solana over arbitrary secondary points.
Ben Armstrong, a famend crypto YouTuber, thinks Solana could be one of many best-performing cryptocurrencies within the upcoming bull run. In a just lately uploaded video, Armstrong described Solana as a “Christmas present that simply retains on giving.”
Regardless of his observations and Solana’s latest antecedents, Armstrong thinks that Solana is poised to be the second-highest achiever by the point the bull run concludes, with XRP main. Past anticipated positive factors, Armstrong additionally means that it’s time to provoke a dialog about whether or not Solana has the potential to rival Ethereum when it comes to market capitalization.
Though he believes there’s vital controversy across the concept of Solana surpassing Ethereum in market cap, the BitBoy Crypto host believes there’s a wildcard probability it might occur. Nonetheless, he stated it might be a lot tougher for Solana to catch Ethereum than for Ethereum to catch Bitcoin.
Having acknowledged how doubtlessly tough it might be for Solana to develop that a lot, Armstrong noticed a growing pattern of the inflow of institutional traders into the Solana community. He famous that final week, the quantity of institutional funds that flowed into the Solana community was about 4 instances the quantity invested in Ethereum.
Whereas Ethereum attracted round $3.3 million in institutional funds, the quantity injected into the Solana community by the identical class of traders was $13 million. Armstrong mooted the potential for this sample persevering with, particularly with the continuing arbitrary points throughout the background amongst Ethereum stakeholders. He puzzled if this might result in an exodus of traders from Ethereum to Solana.
In accordance with Armstrong, even when Solana performs 4 instances higher than Ethereum in market cap, it might nonetheless not meet up with the flagship altcoin. Nonetheless, he thinks there’s an outdoor probability of about 20% that it might nonetheless occur.
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