Former White Home Communications Director Anthony Scaramucci has predicted that Solana (SOL) is on monitor to flip Ethereum (ETH) by market capitalization.
“I believe SOL will flip ETH,” Scaramucci advised an viewers on the DigiAssets 2025 convention, whereas acknowledging that “I don’t actually have an opinion on ETH.”
The SkyBridge Capital founder didn’t give a timeline for when the flippening will happen.
Scaramucci mentioned he acquired into the crypto trade late, along with his first cryptocurrency funding being in 2020. He famous that he “didn’t actually get on board” with Ethereum, explaining that he doesn’t have a “detrimental opinion” of the world’s second-largest cryptocurrency. “I simply perceive the Solana story just a little bit higher,” he added.
According to Scaramucci, SkyBridge presently has “9 figures on the company stability sheet in Bitcoin and Solana.”
Is Solana The Subsequent Ethereum?
After hitting an all-time excessive of over $293.31 in January 2025, Solana, popularly generally known as the “Ethereum killer,” has slumped to roughly $145, buying and selling down 21% 12 months thus far. Ethereum, in the meantime, is down by 23% because the starting of 2025.
SOL and Ether presently boast market caps of $302 billion and $76.8 billion, respectively.
In the meantime, British multinational financial institution Commonplace Chartered believes Solana will underperform towards Ethereum over the following “two to a few years.” The financial institution’s analysts beforehand forecasted that Solana would hit $275 by 12 months’s finish and $500 by the tip of 2029, whereas Ethereum would attain $4,000 in 2025 and smash $7,500 in 2029. They claimed that the Solana blockchain has seen “declining utilization” after the fading of the meme coin craze that drove it to new highs, with scaling hurdles barring it from attaining wider utility than its present meme coin focus.
That mentioned, the potential approval of a SOL spot exchange-traded fund (ETF) by the US Securities and Change Fee could possibly be probably the most important short-term catalyst for the sixth-largest cryptocurrency.