Multicoin Capital's Kyle Samani Predicts Solana Will Surpass Ethereum in Market Cap
(11 days ago) · 1 source · Summarized by CryptoBipto
Kyle Samani, co-founder of Multicoin Capital, has predicted that Solana (SOL) will overtake Ethereum (ETH) in market capitalization, an event commonly referred to as a 'flippening.' Samani also claimed that 'no one' uses Ethereum, suggesting that activity and development have shifted to other chains. These are the personal views of an investor whose firm holds significant Solana positions.
WHY IT MATTERS
In crypto, 'market cap' is the total value of all coins of a particular cryptocurrency — calculated by multiplying the price of one coin by the total number of coins in circulation. Think of it like the total value of a company's stock. A 'flippening' is when one cryptocurrency's market cap overtakes another's, similar to one company becoming more valuable than a rival. This story involves a well-known investor making a bold prediction, but it is important to understand that he runs a fund that has invested heavily in Solana, so he has a financial incentive for Solana to do well. Predictions like these are opinions, not facts, and readers should consider the source's potential conflicts of interest.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- cointelegraph.com
RELATED
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What is cryptocurrency, and how does it work?A simple explanation of cryptocurrency, blockchains, coins, tokens, mining and staking, with a definition page for every term used.
- What do the basic investing terms in crypto mean?Market capitalization, liquidity, volatility, diversification and risk tolerance explained in simple terms, in the way they are used in crypto markets.