Ethereum

2024

Solana

when

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<a href="https://x.com/zhusu/status/1806579861290701244" rel="noopener noreferrer nofollow">Zhu Su</a>, a founder of the infamous Three Arrows Capital hedge fund, recently highlighted the performance of the Grayscale Solana Trust, suggesting it could imply the future value of Solana to $1,000 per SOL.
This projection is based on a comparison with the historical performance of&nbsp;<a href="https://u.today/solana-sol-skyrockets-by-800-surpassing-btc-eth-in-yearly-gains" rel="noopener noreferrer nofollow">Ethereum</a> and the Grayscale Ethereum Trust (ETHE), used as a benchmark.
<blockquote>
 Why is no one talking about how Grayscale Solana trust is implying $1k per sol alreadyThe numbers are very similar to when eth was $200 but ethe implied $1k, in 2020— 朱溯 🐂 (@zhusu) <a href="https://twitter.com/zhusu/status/1806579861290701244?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 28, 2024</a>
</blockquote>
Grayscale's trusts work by allowing investors to gain exposure to digital currencies through a traditional investment vehicle without the challenges of buying, storing and safekeeping digital assets directly.&nbsp;
Each share of the trust represents a fraction of the cryptocurrency held by the trust, and the value of the shares can trade at a premium or discount to the underlying asset's market value.
<h2 id="every-four-years">"Every four years..."</h2>
Thus, four years ago, when Ethereum was trading at around $200, the Grayscale Ethereum Trust implied a value of $1,000 per&nbsp;<a href="https://u.today/ethereum-eth-bounce-from-3400-imminent-solana-sol-reversal-started-heres-next-target-whats" rel="noopener noreferrer nofollow">ETH</a>. This significant premium indicated strong investor confidence and future price expectations.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="66ef3373-51c2-401a-92f2-d64f9acbb329" src="https://u.today/sites/default/files/inline-images/ETHE_2024-06-28_19-19-28.png">Source: <a href="https://www.tradingview.com/x/kb8NeLJj/" rel="noopener noreferrer nofollow">TradingView</a>
Ethereum's price eventually caught up with these projections, experiencing substantial growth in subsequent years. This pattern suggests a potential roadmap for Solana.
The comparison of&nbsp;<a href="https://u.today/altcoins-are-coming-to-wall-street-anthony-pompliano-speaks-on-solana-etf" rel="noopener noreferrer nofollow">Solana</a> to Ethereum's early days, when it was also emerging as a significant platform, is noteworthy. If SOL follows a similar trajectory, the implied value suggested by the Grayscale Solana Trust could be realized.
While past performance is not a guarantee of future results, the historical context offers a compelling narrative of Solana's growth prospects, making the $1,000 target a topic of interest in the community.

Solana to $1,000? Ethereum's History Makes It Possible

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