Economist Alex Krüger Says Ethereum Rival With ‘Absolutely Massive’ Ecosystem Is Underpriced Relativ

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Economist Alex Krüger Says Ethereum Rival With ‘Absolutely Massive’ Ecosystem Is Underpriced Relative to ETH
Daily Hodl Staff February 15, 2024

Widely followed economist Alex Krüger believes one Ethereum (ETH) rival is undervalued as its ecosystem buzzes with activity.

In a new interview with Bitcoin Suisse’s podcast Verified, Krüger says that Solana (SOL) has a livelier ecosystem than ETH’s and also greater potential. He predicts long-term upward momentum for SOL.


“I think that Solana is absolutely massive and it’s under priced relative to ETH. What’s happening in Solana is absolutely incredible. And I think everybody should be long. It’s the perfect chain for retail risk taking. Let me quantify this.

Memecoin WIF is doing about $40-$50 million in daily trading volume. They’re basically making $100,000 a day on fees. That’s all retail and you turn around and you go to ETH and there is not a single memecoin on the ETH side doing more than $3 million a day. It is product market fit. The retail legions, Solana is perfect for them. ETH is absolutely the opposite.

There’s so many other chains but this is the thing, there’s only two real chains with smart contracts that right now have a strong native community. There’s ETH and Solana, nothing else. Everything else as of now is dominated by hard money. ETH and SOL, they have natives that live there. So some people in SOL don’t know anything outside SOL. Then back to SOL, there’s a lot of very good applications that don’t exist in ETH, because of speed and how cheap it is, for example Hivemapper. I think there’s going to be so much more innovation happening in SOL that cannot happen in ETH.”

Solana is trading for $115.80 at time of writing, up nearly 4% in the last 24 hours.

The economist also thinks that the broader crypto market will remain in an uptrend for a while.

“I still think the valuations – if you’re really bullish as I am, the optimal path is to be investing as much as possible rather than trading, especially given that valuations in crypto have not yet adjusted from 2023 levels.”




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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Crypto Analyst Issues Bitcoin Alert, Says BTC Could Crash by up to 30% – Here’s the Timeline
Daily Hodl Staff February 15, 2024

A closely followed crypto analyst is warning that Bitcoin (BTC) could have a severe market correction in the coming weeks.

In a new strategy session video, pseudonymous analyst Rekt Capital tells his 54,700 YouTube subscribers that Bitcoin may repeat a historical pattern and crash by up to 30% before the halving event in April.

The halving event, when miners’ rewards are cut in half, occurs every four years.

“So maybe 20% to 30% [decline] at most is something that we should be potentially aware of occurring in the future because a pre-halving retrace is going to occur after this pre-halving rally. Now that we’ve transitioned into this pre-halving rally we have to look at where we could potentially top out before the halving because this is where people are buying in anticipation of making a few dollars on the halving hype, and then they sell the rumor, they sell the news, essentially.”


Source: Rekt Capital/X
The trader also says that Bitcoin may follow a historic pattern and go parabolic months after the halving event.

“And then it’s after the halving, many many months after the halving, where we actually see price appreciate considerably as a result of the halving. This is a supply shock to the system, to the protocol itself. So buying a few weeks beforehand, and then selling around the halving, that’s typically what tends to happen as you’ll see from 2020, 2016. People buy in anticipation of profit potential and then sell just before the halving, that occurs across cycles.

But the thing to really notice is that it’s after the halving where we tend to see parabolic rallying towards the upside. So selling just to make a quick buck … is quite short-sighted in the perspective of the grander parabolic rally that comes several months after the halving. So this pre-halving retrace is caused to a great extent by the traders who want to play this move and profit off of this move. And of course, the sell side price action that occurs, this is where the so-called weak hands tend to sell and capitulate, afraid of seeing new lows, but this volatility around the pre-halving retrace is a shakeout moment.”

Bitcoin is trading for $51,688 at time of writing, up more than 4.5% in the last 24 hours.




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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3


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Economist Alex Krüger Says Ethereum Rival With ‘Absolutely Massive’ Ecosystem Is Underpriced Relative to ETH
Daily Hodl Staff February 15, 2024

Widely followed economist Alex Krüger believes one Ethereum (ETH) rival is undervalued as its ecosystem buzzes with activity.

In a new interview with Bitcoin Suisse’s podcast Verified, Krüger says that Solana (SOL) has a livelier ecosystem than ETH’s and also greater potential. He predicts long-term upward momentum for SOL.


“I think that Solana is absolutely massive and it’s under priced relative to ETH. What’s happening in Solana is absolutely incredible. And I think everybody should be long. It’s the perfect chain for retail risk taking. Let me quantify this.

Memecoin WIF is doing about $40-$50 million in daily trading volume. They’re basically making $100,000 a day on fees. That’s all retail and you turn around and you go to ETH and there is not a single memecoin on the ETH side doing more than $3 million a day. It is product market fit. The retail legions, Solana is perfect for them. ETH is absolutely the opposite.

There’s so many other chains but this is the thing, there’s only two real chains with smart contracts that right now have a strong native community. There’s ETH and Solana, nothing else. Everything else as of now is dominated by hard money. ETH and SOL, they have natives that live there. So some people in SOL don’t know anything outside SOL. Then back to SOL, there’s a lot of very good applications that don’t exist in ETH, because of speed and how cheap it is, for example Hivemapper. I think there’s going to be so much more innovation happening in SOL that cannot happen in ETH.”

Solana is trading for $115.80 at time of writing, up nearly 4% in the last 24 hours.

The economist also thinks that the broader crypto market will remain in an uptrend for a while.

“I still think the valuations – if you’re really bullish as I am, the optimal path is to be investing as much as possible rather than trading, especially given that valuations in crypto have not yet adjusted from 2023 levels.”




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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3

Crypto Analyst Issues Bitcoin Alert, Says BTC Could Crash by up to 30% – Here’s the Timeline
Daily Hodl Staff February 15, 2024

A closely followed crypto analyst is warning that Bitcoin (BTC) could have a severe market correction in the coming weeks.

In a new strategy session video, pseudonymous analyst Rekt Capital tells his 54,700 YouTube subscribers that Bitcoin may repeat a historical pattern and crash by up to 30% before the halving event in April.

The halving event, when miners’ rewards are cut in half, occurs every four years.

“So maybe 20% to 30% [decline] at most is something that we should be potentially aware of occurring in the future because a pre-halving retrace is going to occur after this pre-halving rally. Now that we’ve transitioned into this pre-halving rally we have to look at where we could potentially top out before the halving because this is where people are buying in anticipation of making a few dollars on the halving hype, and then they sell the rumor, they sell the news, essentially.”


Source: Rekt Capital/X
The trader also says that Bitcoin may follow a historic pattern and go parabolic months after the halving event.

“And then it’s after the halving, many many months after the halving, where we actually see price appreciate considerably as a result of the halving. This is a supply shock to the system, to the protocol itself. So buying a few weeks beforehand, and then selling around the halving, that’s typically what tends to happen as you’ll see from 2020, 2016. People buy in anticipation of profit potential and then sell just before the halving, that occurs across cycles.

But the thing to really notice is that it’s after the halving where we tend to see parabolic rallying towards the upside. So selling just to make a quick buck … is quite short-sighted in the perspective of the grander parabolic rally that comes several months after the halving. So this pre-halving retrace is caused to a great extent by the traders who want to play this move and profit off of this move. And of course, the sell side price action that occurs, this is where the so-called weak hands tend to sell and capitulate, afraid of seeing new lows, but this volatility around the pre-halving retrace is a shakeout moment.”

Bitcoin is trading for $51,688 at time of writing, up more than 4.5% in the last 24 hours.




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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3


Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases



ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

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