According to the host of The House of Crypto, the time has come for a particular cryptocurrency ecosystem to experience major growth. In the previous bull market, Bitcoin saw a 232% rally in a few weeks. However, the biggest gains were not for Bitcoin holders, but for those invested in a specific ecosystem. This time, the focus is on a different ecosystem.
During the last bull market, after Bitcoin surpassed its previous highs in the initial phase of the bull market. Currently, Bitcoin’s dominance is rising, but this trend is expected to reverse, benefiting altcoins. Not all altcoins will rise immediately; he said that it’s important to focus on the right ones.
The bull market is expected to continue until mid-2025, with money flowing from traditional markets to more speculative assets like cryptocurrencies. He said that initially, funds will go into less speculative cryptos like Bitcoin before moving to more speculative ones, including gaming tokens, later in the bull market.
The analyst said that Solana has a promising ecosystem. Solana has shown growth, up 1,400% since the FTX lows, compared to Ethereum’s 257%. He predicts Solana could reach $700 in this bull market, a 280% increase.
To capitalize on Solana’s ecosystem, it’s essential to identify coins within this ecosystem. In the previous bull market, Layer 2 solutions, DeFi tokens, and decentralized exchanges (DEXs) on Ethereum saw substantial gains.
Large investors are tiptoeing into the crypto space, seeking stable products with significant Total Value Locked (TVL) and reputable backers. Solana-based projects, backed by Solana Ventures and other tier-one investors, are considered strong bets. Coins listed on major exchanges like Coinbase are deemed safer bets early in a bull market. Examples include Jito, which has seen a substantial increase of about 79-80% recently. Radium and Jupiter are discussed as strong contenders within the Solana ecosystem.
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