Solana reclaimed the ₩160,000 level for the first time in about eight months as Multicoin Capital co-founder Kyle Samani projected that its market capitalization will surpass Ethereum during the current market cycle. Samani also said Ethereum currently has few real users and that day-to-day onchain activity on the network is only a fraction of Solana’s, comments reported by Cointelegraph. Solana traded at ₩157,000, or about $120, on Bithumb at 3:15 p.m. on the 22nd, down 1.38% from the previous day after reaching ₩161,600 earlier. Samani argued that crypto companies will increasingly favor Solana for its ease of use and functionality, but gave no timeline or price target. Solana’s market capitalization was about $68.5 billion versus Ethereum’s $332.8 billion, leaving a gap of roughly fivefold.