Solana's price ticked up 0.5% to $142.59 in the past 24 hours. This follows Asymmetric founder Joe McCann's bold claim about the cryptocurrency.
McCann praised Solana on Wealthion's Speak Up podcast. He told host Anthony Scaramucci that Solana has "flipped every metric associated with Ethereum".
The hedge fund CEO didn't mince words. He argued Solana is "so cheap and fast [it] will enable use cases that are literally impossible on Ethereum in its current state".
These bullish comments come despite Solana's recent dip. The token is down 3% over the week. However, it's up 16% in a fortnight and a whopping 550% over the past year.
McCann's not new to the Solana hype train. Asymmetric received financial backing from Solana's founder, Anatoly Yakovenko, in a $1 billion raise back in 2022.
In his chat with Scaramucci, McCann dropped another bombshell. He claimed Solana is outperforming Ethereum at just "20% of the value".
Doing some quick math, McCann suggested Solana's potential. "If Ethereum is going, you know, two and a half [or] 3x from here, Solana's got to be four or 5x as well," he said.
That's some serious growth potential. We're talking a price range of $560 to $710 for SOL. McCann didn't give a specific timeline, though.
Looking at SOL's chart, that range seems a bit far-fetched right now. We're probably a year out, at least. But hey, stranger things have happened in crypto.
McCann's not alone in his Solana enthusiasm. With big players backing SOL, it'd be foolish to bet against it.
So, is Solana really the fastest horse in the crypto race? Only time will tell. But one thing's for sure – it's definitely one to watch.