Closely followed economist and trader Alex Krüger says that Solana (SOL) exceeding the market cap of Ethereum (ETH) isn’t as farfetched as many investors believe.

In a new discussion on the Unchained podcast, Krüger addresses Multicoin Capital managing partner Kyle Samani’s perspective that Solana will eventually flip Ethereum.

Krüger says that he’s long-term bullish on SOL/ETH and that Solana has all its ducks in a row if it wants to flip Ethereum.

“I think it’s very feasible in the long run. I’m not betting on that trade, but I think it’s very feasible. The way I see it is SOL is the only chain outside of ETH that has reached escape velocity. They have nothing to prove, they have everything they need to make it happen. The volume is there, the innovation is there… 

I’m looking at charts and looking at the euphoria and the breakpoint euphoria I just happened to put up this SOL/ETH chart. If you change the window by seven days, it will be flat on the year…

The differential in implied volatility for example between SOL and ETH is about the same as the performance differential or price performance of 2024, so I was just thinking and reflecting that by looking at the euphoria and the attacks, because the attacks are regular, these ETH going after SOL and SOL going after ETH, you would expect the price differential to be 2x, not 25%…

I’m bullish SOL versus ETH, say one year out. Six months out it’s hard to say because there’s a lot of unlocks coming up early next year, so I would move my window further out.”

At time of writing, SOL/ETH is trading at 0.0602 ETH worth $157.61