Ethereums Potential Rival Unearthed by Cryptocurrency Analyst Holding Explosive Prospects

Solana surpasses Ethereum in investor preference.
Ethereum Loses Ground Despite Possible Future ETFs.
Alex Krüger highlights Solana’s growing potential.
Well-known economist Alex Krüger has been grabbing the market’s attention with his recent analysis of Ethereum and one of its biggest competitors, Solana (SOL). According to him, Solana has already reached “escape velocity,” positioning itself to outperform Ethereum in the future.
Krüger, in his latest update to his 184.000 followers on social media platform X, stressed the need to reevaluate bets on the ETH asset. “It’s long past time to stop betting on the ETH asset,” he declared, arguing that Ethereum’s less-than-stellar performance in recent years is a clear indication of the market.
He elaborated on his views during the recent US presidential election, revealing his plans to invest in ETH and SOL if crypto-friendly candidate Donald Trump showed signs of gaining ground. However, circumstances have led Krüger to change tack, now excluding Ethereum from his investment plans in favor of Solana, drawn by the memecoin craze and SOL’s ascendancy in the so-called “degenerate wars.”
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I was planning to lever long ETH and SOL on election night if Trump coming ahead, as my main liquid crypto plays. I’ve scratched ETH off. That’s the only thing that has changed for me.
Trump winning would be positive for altcoins. I’m not bearish on ETHUSD. But there are many…
– Alex Kruger (@krugermacro)
October 25, 2024
“A Trump victory would be positive for altcoins. I’m not bearish on ETH/USD. But there are plenty of other coins to buy,” Krüger said. He also mentioned the persistent bearish trend in ETH/BTC and the migration of on-chain activity to alternative platforms, noting that layer-2 (L2) ecosystems contribute little to Ethereum’s value.
The discussion extended to the potential regulatory impact in the United States, where changes at the SEC could favor the issuance of ETFs based on cryptocurrencies, including ETH and SOL, although Krüger’s focus is clearly on the latter.
Ethereum is currently trading at $2.486,33, while Solana is valued at $176,15, reflecting the new market reality where Solana appears to be gaining ground.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.