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<p style="text-align: justify;">A well-followed analyst in the cryptocurrency markets revealed that an Ethereum (ETH) competitor, which has exploded by 600% so far, is preparing to spark.</p>
<h2 style="text-align: justify;" id="rise-in-sol-on-the-horizon">Rise in SOL on the Horizon</h2>
<p style="text-align: justify;">In a new statement, the InvestAnswers host noted via YouTube that while smart contract platform Solana (<a href="https://en.coin-turk.com/solana-sol-rises-after-visas-announcement-to-support-stablecoin-transactions/" rel="noopener noreferrer nofollow">SOL</a>) has already made big gains this year, it still has a long way to go. The analyst also discussed Solana’s dominance, tracking how much of the total cryptocurrency market capitalization belongs to SOL.</p>
<p style="text-align: justify;">According to the InvestAnswers host, he thinks SOL’s dominance will increase to 3% in the next market expansion, indicating that SOL has more room to grow. The analyst said the following in his comments:</p>
<blockquote>
 <p style="text-align: justify;">When it comes to Solana’s dominance so far this year, what surprised me is that we are at about 2.2%. Solana’s all-time high in terms of dominance was around 2.5%, so again we are very early but Solana’s dominance is going through the roof. In 18 months or 24 months, maybe even a year, we could reach a market capitalization of $5 trillion. Much of that will of course be driven by <a href="https://en.coin-turk.com/bitcoin-price-plummets-on-binance-australia-amid-regulatory-pressure/" rel="noopener noreferrer nofollow">Bitcoin</a>, but I expect SOL dominance to reach at least 3%. So the question is: if CMC (crypto market capitalization) goes to $5 trillion and SOL dominance goes to 3%, what will SOL’s price be?</p>
</blockquote>
<h2 style="text-align: justify;" id="total-market-cap-in-solana">Total Market Cap in Solana</h2>
<p style="text-align: justify;">The analyst continues to calculate SOL’s potential price, taking into account the total cryptocurrency market capitalization of $5 trillion and Solana’s 3% dominance. According to the expert, Solana needs to reach a price tag of $ 363.The analyst said the following about the subject:”If CMC goes to $5 trillion, that means SOL’s market capitalization goes to $150 billion and the current SOL market capitalization goes to $31 billion, which is a 4.84-fold increase from where we are today.This figure times 75 dollars, which would bring Solana’s price to a ridiculous 363 dollars.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/cryptocurrency-analyst-predicts-upcoming-surge-in-ethereum-rival/" rel="noopener noreferrer nofollow">https://en.coin-turk.com/cryptocurrency-analyst-predicts-upcoming-surge-in-ethereum-rival/</a>

Cryptocurrency Analyst Predicts Upcoming Surge in Ethereum Rival

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