"Bitcoin reaching $379,000 looks extreme on paper, pushing its market cap to $7.55 trillion, nearly 3x the size of the entire crypto market. Such a move requires massive capital inflows, which BTC hasn't seen at the pace needed in this cycle."
"Solana's market cap growing by 5x is the most realistic of the three, needing to reach $239.5 billion from its current $47 billion. In 2021, Solana moved about 450% in market cap and outperformed Bitcoin significantly during that period."
Bitcoin, XRP, and Solana experienced substantial declines in Q1, with losses of 29%, 33%, and 38%, respectively. As of May, Bitcoin trades at $75,800, XRP at $1.36, and Solana at $83. A 5x increase would require Bitcoin to reach $379,000, XRP $6.80, and Solana $415. Bitcoin's path to this target appears challenging due to insufficient capital inflows. In contrast, Solana's potential for a 5x gain seems more achievable given its lower market cap and past performance during crypto bull runs.
Read at 24/7 Wall St.
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