We will cover approximately 50 nuggets in today's story to answer the question: Is Solana losing dominance?
This will be one of the most comprehensive dives into Solana and all the blockchains you will find anywhere.
Many people in this community have been in since $8, $10, or $20. Based on the data, we will determine where to go next.
Milk Road projects that the end of year 2025 market cap for crypto to be $10 trillion:
Bitcoin = 40%.
L1s = $3.5 trillion...this is why I invest in Layer 1s.
DeFi = $700 billion. However, DeFi might be a bit larger and I will share why in this lesson.
$4 trillion is approximately 2.5x from here in price but this is huge for the L1s, which are growing in dominance.
Solana just broke 30% of the Ethereum market cap.
When I first found Solana, it was less than a fraction of 1% of the ETH market cap, and now it is 30.07%.
Number two on the box is Cardano, 7.85%, probably the dumbest thing you will ever see. Based on fundamental analysis, it does not deserve to be there, but if you look at sentiment and pumpers, then probably yes.
First of all, Solana is nearly back at all-time highs.
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