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Multicoin Capital Co-Founder Says Solana to Overtake Ethereum in Market Value This Cycle

Source
JH Kim

Summary

  • A co-founder of Multicoin Capital said Solana (SOL) will surpass Ethereum (ETH) in market capitalization during the current market cycle.
  • Kyle Samani, co-founder of Multicoin Capital, told Cointelegraph that Solana will overtake Ethereum in market value during this cycle.
  • Samani argued that no one actually uses Ethereum today, but did not provide a timeline or target price for when Solana would surpass it in market capitalization.

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Multicoin Capital's co-founder said Solana's market capitalization will surpass Ethereum's in the current market cycle.

Cointelegraph reported on September 21 that Kyle Samani, co-founder of Multicoin Capital, expects Solana to overtake Ethereum in market value during this cycle.

Samani also questioned Ethereum's actual usage. "No one actually uses Ethereum today," he said.

He did not provide a specific timeline or target price for when Solana would surpass Ethereum in market capitalization.

Photo: Shutterstock
Photo: Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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