Economist Alex Krüger is making a bold statement: Ethereum’s time may be over, and Solana is the new star in the crypto world.
Krüger, known for his sharp insights, says Solana has reached “escape velocity,” meaning it’s now outperforming Ethereum and will likely continue to do so. He’s even dropped Ethereum from his investment portfolio, favoring Solana and other opportunities.
Solana’s Rise
Krüger attributes Solana’s success to its recent memecoin frenzy, which he calls the “degen wars.” This activity has boosted Solana’s dominance over Ethereum and its layer-2 (L2) ecosystem.
Ethereum’s Struggles
Krüger points to Ethereum’s underwhelming performance over the years and its current downtrend. He also notes that on-chain activity is shifting away from Ethereum, with L2s gaining popularity but not adding value to ETH.
The Future of Crypto
Krüger believes that a new ecosystem is developing around Bitcoin, and he’s curious about what it will take for Ethereum to regain its footing. He’s open to changing his mind but currently sees Solana as a more attractive investment.
What’s Next?
Krüger’s announcement has sent shockwaves through the crypto community. While some agree with his assessment, others remain skeptical. It’s clear that the crypto landscape is constantly evolving, and Solana’s rise is just the latest chapter in this exciting story.
