It's about the market cap, stupid!

I recently sold some SOLANA, for around 76$. Some people on the daily told me that I was stupid, that SOL would easily do a x10 in the coming year. Can this realistically happens? Let's see.

There is this nice website, called the Coin Perspective : https://thecoinperspective.com/

And yes, it really help put things in perspective ????

So let's have a look at this SOL :

https://preview.redd.it/43jx6e22tgi71.png?1952&format=png&auto=webp&s=3255d0b26202d4d52140e8ccd3ac224997871b97

It currently has a market cap of $20.5B. Doing a x10 would of course require a x10 market cap, as supply is fixed. That's almost half the market cap of ETH!
Sure in theory, it could do it, but in practice, it would require almost all the major coins to do the same x10, going from a 2T global market cap, to a 20T one. Or maybe you think SOL will become the only remaining crypto in the world, and then even a x100 is possible ????

But that's not gonna happen. A more realistic expectation for SOL would be doing a +200% from now, or maybe 250% if we are extremely lucky. It's always better to have realistic goals to maximise your gains, and these gains are already fantastic compared to stocks!

TLDR; to estimate your possible gain for a coin, you should always compare its market cap with existing ones!