I missed the Solana rocket that left planet Earth in 2023. However, I’m unfazed because bigger opportunities await in 2024. Wondering why? This recent rally is a relief rally, marking the first surge after a bear market. Many investors, like myself, watch in disbelief as Solana experiences a 10x increase. Yet, is it too late to hop on the Solana bandwagon? I believe it might be. Although Solana could potentially reach $500 per SOL by the bull market’s end, much of its trajectory has unfolded in this mega rally. A correction, typical in previous crypto bull markets, seems imminent when SOL prices soar vertically with long green candles—a scenario I’ve witnessed before.

So, how to navigate Solana’s landscape? The answer: altcoins. I’ve delved into the Ethereum ecosystem for a closer look. Let’s explore this concise analysis together. The Ethereum ecosystem comprises:

  1. Ethereum – Smart Contract L1 – CMC No. 2 – Market cap: $270.74 B
  2. Tether – Stable Coin – CMC No. 3 – Market cap: $91.33 B
  3. USDC – Stable Coin – CMC No. 7 – Market cap: $24.76 B
  4. Lido Staked Ether – CMC No. 9 – Market cap: $20.45 B
  5. Chainlink – Oracle – CMC No. 14 – Market cap: $8.57 B
  6. Polygon – Scaling – CMC No. 15 – Market cap: $9.83 B
  7. Shiba Inu – MEME – CMC No. 18 – Market cap: $6.25 B
  8. DAI – Stable Coin – CMC No. 20 – Market cap: $5.29 B
  9. Uniswap – DEX – CMC No. 21 – Market cap: $5.43 B

These are the top 9 Ethereum ecosystem coins.

I’m particularly interested in Lido Staked Ether, Chainlink, Shiba Inu, and Uniswap. So, if you’re not buying Solana, how can you play within Solana’s ecosystem? Consider Jito as a competitor to Lido Staked Ether, Pyth Network as Solana’s oracle, BONK as the chosen Solana MEME coin, and Raydium as Solana’s top DEX. For cautious investors, Solana’s 10x is a confirmation of what lies ahead in 2024, during the altcoin season.

  1. Jito – Staked Solana – CMC No. 179 – Market cap: $289.43 M- versus Lido’s $20.84 B
  2. Pyth Network – Oracle – CMC No. 116 – Market cap: $514.47 M – versus Chainlink‘s $8.56 B
  3. BONK – MEME – CMC No. 67 – Market cap: $964.31 M – versus Shiba’s $6.25 B
  4. Raydium – DEX – CMC No. 144 – Market cap: $408.00 M – versus Uniswap’s $5.43 B.

If Solana continues its adoption growth rate, these coins hold significant potential. Lido is 65 times Jito, Chainlink is 15 times Pyth, Shiba is 5.7 times BONK, and Uniswap is 11.8 times Raydium. In 2024, more individuals might consider adding Solana to their portfolios, with Jito being the first stop. An oracle is essential for any ecosystem, and Pyth Network is poised for growth, especially given Solana’s faster transactions requiring cutting-edge oracles. Additionally, the meme coin BONK satisfies the ‘degens,’ while traders seek a decentralized exchange (DEX).

Why haven’t I bought yet? As mentioned earlier, a correction is needed. This correction, anticipated to be around 30-40% for Solana and potentially more for its altcoins, will separate the weak hands. I’ll exercise patience and capitalize on this correction when people panic-sell their holdings.

Now, dear readers, since I’m not an investment guide, those who disagree can find Peter Schiff on the Peter Schiff YouTube channel, where he discusses Bitcoin (and gold, lol). Give him a thumbs up—I’m sure he’ll be ecstatic!

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