Cryptocurrency experts predict Solana’s dominance in the crypto market

Popular blogger Lark Davis has released another video on his YouTube channel, where he reflected on the prospects of some altcoins and the global cryptocurrency market. The expert noted that Solana SOL $134.21 Solana -0.48% Market capitalization $62.12 billion VOL. 24 hours $1.04 billion caused a huge stir in the market, eclipsing Ethereum ETH $2,986.80 Ethereum -4.90% Market capitalization $359 billion VOL. 24 hours $2.66 billion . He also emphasized that the Jupiter decentralized exchange (DEX) and the JUP token have provoked demand among traders and investors.

According to Davis, Solana has outperformed Ethereum in key metrics over the past few months. At the same time, the expert believes that in the long run, Ethereum has much more prospects and will continue to dominate.

The analyst noted that Solana has temporarily overtaken Ethereum in terms of 24-hour NFT sales. In addition, the number of daily active addresses in the network exceeds the same figures for Bitcoin BTC $56,661.23 Bitcoin -2.76% Market capitalization $1.12 trillion VOL. 24 hours $4.56 billion and Ethereum. Davis compared everything that is happening around Solana to the ICO boom in 2017−2018.

The analyst assured that it has recently become very profitable to participate in various coin and token airdrops. He noted several interesting projects and spoke about his investments in Zero Lend and Mix Mob (not financial advice!). Lark also emphasized that he is keeping a close eye on Render Token (RNDR) and sees great prospects for the growth of this digital asset. The expert emphasized the potential of the decentralized physical infrastructure network, the strong community, and the experienced project team.

In the end, Davis made a warning for traders. He noted that the BTC rate could roll back to $ 32,000. However, in the end, the value of the flagship digital coin will still jump to $ 48,000.