Market maker GSR goes long on SOL, expecting it to outperform BTC. Writes#TheBlockwith reference to their statement.
In it,#GSRtalks at length about the technological advantages of#Solanaover other blockchains (with a special emphasis on decentralization). And that the political landscape of the United States is changing (emphasis on Trump’s possible victory), becoming more friendly for the crypto market.
Regarding the prospects for growth in the price of#SOLin competition with #BTC, of course, we meant, first of all, the growth rate, and not the price:
“Solana could grow by 1.4 times in a bearish flow scenario, 3.4 times in a base case scenario, and 8.9 times in a favorable scenario... Moreover, there is reason to believe that the impact could be higher than these estimates, since, in Unlike BTC, SOL is actively used for staking and in decentralized applications, and since the relationship between relative flows and relative size may not be linear."
The asset is being showered with positivity today. But the price of #SOL, as we predicted, has only just reached the EMA test of the 50 day TF. This is now the main resistance for further growth with the prospect of ATH renewal.
