Podcast Summary
This podcast episode features a discussion on the future of the crypto market, with a focus on Ethereum, Solana, and Avalanche. The hosts also discuss the potential impact of AI coins, the rise of move-based languages, and the role of developer tooling in the crypto space. They also share their predictions for 2024, including the emergence of new unicorns in the Solana ecosystem and the potential launch of a Bitcoin ETF.
Key Takeaways
Future of Ethereum and Solana
- Ethereum Burning: The hosts discuss the increase in Ethereum burning and question whether user activity and onboarding are also increasing in proportion.
- Solana’s Market Cap: Santi predicts that Solana will close in on the market cap of Ethereum, stating that there is no reason why Solana shouldn’t be worth as much as Ethereum as an ecosystem.
AI Coins and Move-Based Languages
- AI Coins: The hosts predict that AI coins will reach peak mania, with an aggregate market cap of 100 billion, driven by projects like Firedancer and Harpie launching in the AI category.
- Move-Based Languages: The hosts predict that move-based languages will gain more attention due to their security features, particularly in addressing re-entrancy attacks.
Bitcoin ETF and Unicorns in Solana Ecosystem
- Bitcoin ETF: The hosts discuss the potential launch of a Bitcoin ETF in Q1 2024 and the impact it could have on the market.
- Solana Unicorns: They predict the emergence of at least 10 unicorns in the Solana ecosystem, primarily in the DeFi and DApp sectors.
Developer Tooling and Connectivity
- Developer Tooling: The hosts discuss the importance of developer tooling and connectivity in the crypto space, with a focus on move-based chains and the potential for Cosmos and IBC (Inter-Blockchain Communication) to have a significant impact.
Regulatory Risks and Future Predictions
- Regulatory Risks: Regulatory risks, such as unfavorable court rulings or regulatory crackdowns, are identified as potential challenges for the crypto industry.
- Future Predictions: Concrete price predictions are made for Bitcoin, Ethereum, and Solana. Bitcoin is predicted to reach $100k, Ethereum to reach $6k, and Solana to reach between $700 and $1000.
Sentiment Analysis
- Bullish: The hosts express a bullish sentiment towards Solana, predicting that it will close in on the market cap of Ethereum. They also predict a significant rise in the popularity of AI coins and move-based languages.
- Bearish: The hosts express concerns about the rehypothecation of security in the reaking sector and predict a potential bug or hiccup that could raise questions about its fragility. They also anticipate a tragic end to the reaking trend in 2025.
- Neutral: The hosts express a neutral sentiment towards the potential success of Cosmos, with one expressing optimism based on the performance of app chains like Injective and Celestia, while the other remains skeptical about the overall impact of Cosmos.
