Economist Alex Krüger, in his post on the social media platform 
$2,466While emphasizing the weak performance of (ETH), he advised cryptocurrency investors to turn to alternative assets. Krüger stated that Solana (SOL), one of Ethereum’s main competitors, has rapidly gained value recently and that this rise, which he described as “escape velocity”, may continue. This statement brought to the agenda among investors the search for alternative crypto assets that perform stronger than ETH.
Krüger: “It’s Time to Exit ETH”
Krüger criticized Ethereum’s performance, saying that investing in ETH may no longer be the right strategy. “It is time to stop investing in the ETH asset,” said Krüger, stating that it may be more profitable for investors to focus on alternative crypto assets that can offer better returns, instead of the resistant ETH.
Krüger also stated that if a pro-crypto candidate comes forward on the night of the US presidential election, he would consider opening long positions in altcoins such as ETH and Solana (SOL). While these comments show that there is no optimism for the ETH/USD parity, they indicate that the election results could create major changes between different assets in the crypto markets.
Solana’s Impressive Rise
Solana has experienced a remarkable rise with the recent memecoin craze. According to Krüger, Solana’s strong performance puts it in a more dominant position than Ethereum and its layer-2 solutions. Stating that a long-term downward trend is observed in the ETH/BTC chart, Krüger emphasizes that on-chain activities are also moving away from Ethereum.
Meanwhile, Ethereum is trading at $2,473 at the time of writing, while Solana is trading at $172. While Krüger expressed his questions about how the fundamental factors required for ETH to become a deflationary asset will change, he stated that Gary Gensler’s departure could pave the way for a possible ETH ETF as well as the SOL ETF.
It’s Time to Reconsider Investment Strategies in Crypto Markets
Economist Alex Krüger’s statements caused investors to rethink the future of Ethereum. Krüger stated that he is not affiliated with any coin, but that he follows the developments and changes his investment strategies when necessary. These comments serve as a warning for crypto investors to diversify their portfolios and increase the importance of alternative crypto assets instead of Ethereum.
In a period where dynamics in the crypto world are changing rapidly, it becomes important for investors to update and diversify their strategies. Krüger’s warnings once again remind investors that they should pay attention to increasingly powerful alternatives among crypto assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
