Analyst: SOL Price Could Reach $231 if It Hits 10% of ETH Market Cap in Next Bull Run

SOL's price could reach $231 if it hits 10% of ETH's market cap in the next bull run according to one analyst's base case.

The analyst says SOL reaching 20% of ETH's market cap and $461 is possible.

SOL previously breached 10% of ETH's market cap in October 2021.

Currently SOL is trading around $22.

The analyst believes ETH could top out at $8,000 next bull market.