Crypto Dog: Solana Is More Exciting Long-term Bet than Ethereum
Widely-followed pseudonymous crypto trader, known as The Crypto Dog says that one particular smart contract platform could be much more exciting long-term investment with higher upside than top blockchain network, Ethereum.
The Crypto Dog is talking about scalable layer 1 blockchain project Solana (SOL) amid the crypto market breakdown.
The trader tells his 527.7K Twitter followers that both Bitcoin and Solana have advantages over Ethereum as long-term investments. BTC is a safer bet than ETH, and SOL has more upside potential, says The Crypto Dog in a tweet.
“BTC is a safer, more boring long-term bet than ETH. Flippening, unlikely in my opinion and if it does happen, I’ll be here long ETHUSDTPERP (perpetual contract). Happy either way.
SOL is higher upside, more exciting long term bet than ETH. It’s the layer one with the best shot at number two.”
Also, the analyst predicts that Solana will be one of the first assets to reach new all-time highs, as crypto traders and investors patiently wait for the market to recover.
At time of writing, Solana is trading at $38.56, up approximately 5.9% in a daily chart, according to CoinGecko.
The Crypto Dog is betting on a strong move up for bitcoin by market cap. The analyst points out that BTC appears strong on the daily timeframe, and that he put in a leveraged trade at the $33,000 level.
