[Legendary trader Peter Brandt: SOL is the “clear winner” compared to ETH]
Legendary old-school commodities trader Peter Brandt has made it clear that he prefers Solana over Ethereum as a trading asset, making a bullish prediction for the SOL/ETH trading pair.
Brandt posted a SOL/ETH chart showing Solana first falling against ETH before recovering to its previous position. He said it was inevitable that SOL was a “clear winner” versus ETH. He believes that ETH is "bulky, expensive, flawed, claims to be decentralized but is not," while SOL is "user friendly and has a solid foundation." He predicts that SOL will grow 100% relative to ETH in the coming months.
In addition to Solana, Brandt is also bullish on Bitcoin, a view he expressed in multiple posts. Earlier this year, he criticized Ethereum, calling it centralizing, but admitted that he would still view it as an asset as a trader. In mid-June, he predicted Ethereum would surge above $5,600.
Recently, Binance has also shown a preference for Solana and its underlying projects. Binance Labs invested in Solayer, a re-staking network based on Solana. Solayer launched less than 60 days ago but has become one of the largest protocols on Solana, with more than $150 million in total locked value and more than 70,000 unique deposit wallets already on board, according to DefiLlama.
As for Binance itself, the platform has attracted a whopping $2.4 billion in inflows since August 5, including $1.33 billion worth of USDT and $519 million worth of USDC, according to a recent post by @lookonchain. Binance CEO Richard Teng posted about these massive inflows earlier this week, noting that $1.33 billion was received in just 24 hours.
