Widely followed economist Alex Krüger believes that a rival to Ethereum (ETH) is undervalued as its ecosystem buzzes with activity.

In a new interview with Bitcoin Suisse's verified podcast, Krüger said that Solana (SOL) has a livelier ecosystem than Ethereum and also has greater potential. Accordingly, he predicts SOL's long-term upward momentum.

“I think Solana is really big and it's undervalued relative to ETH. What is happening in Solana is truly unbelievable. And I think everyone should Long. It's the perfect chain to take retail risks. Let me quantify this.

Memecoin WIF is doing a daily trading volume of around $40-50 million. They basically make $100,000 in fees every day. It's all retail. As for Ethereum, there is not a single memecoin that earns more than $3 million per day. It's product-market fit. Solana is perfect for the retail legion. ETH is the exact opposite.

There are many other chains but the problem is that there are only two chains that actually have smart contracts that currently have strong root communities: Ethereum and Solana. Everything else today is governed by money of limited supply. ETH and SOL have their own communities. So some people in SOL know nothing but SOL. There are many very good applications in Solana that do not exist on Ethereum, because of speed and cheap price, for example Hivemapper. I think there will be a lot of innovation happening in Solana that cannot happen in Ethereum.”

SOL is trading for $115.80 at the time of writing, up nearly 4% in the past 24 hours.