Solana has been the darling of many in crypto bull runs, and its reputation for delivering high returns has not gone unnoticed. However, with a high market capitalization of over $90 million at the time of writing and increased competition in the crypto industry, some coins could be becoming more profitable to hold than SOL.
Lee the Captain made an 8-minute video to explain why he favors holding SOL over JASMY, exploring their utility and potential for profit.
The Case for JASMY Over Solana
Lee the Captain presents a compelling argument for JASMY superior growth potential in the near term. While acknowledging Solana’s strengths, he emphasizes that JASMY’s current market position offers more dynamic growth opportunities. “I would rather buy JASMY instead of Solana because I like its hypothetical upside a lot better,” he explains, while being careful to note this isn’t financial advice.
The YouTuber backs his position with concrete numbers. He points out that if JASMY were to reach one dollar, it would represent approximately a 40x return from current levels.
This would result in a market capitalization of around $50 billion – a figure he considers reasonable given that it would still be significantly lower than the all-time high market caps of both BNB and Dogecoin.
In contrast, Lee the Captain expresses skepticism about Solana achieving similar percentage gains in the short term. He calculates that a 40x increase in Solana price would push it to approximately $8,600, resulting in a market cap of $4.2 trillion. “Yeah, that’s impossible, especially in 2025—no way, right?” he emphasizes, highlighting the mathematical improbability of such a scenario.
JASMY Strategic Focus on Decentralized Data Storage
One of JASMY key strengths, according to Lee the Captain, lies in its focus on the growing decentralized data storage market. He explains that while centralized data storage works well, there’s significant room for improvement through decentralization. The global data storage market is projected to reach nearly $800 billion by 2030, according to Fortune Business Insights.
In his analysis, Lee the Captain notes that JASMY operates in a relatively uncrowded space. While competitors like Filecoin, Arweave, Siacoin, and Storj exist, the field isn’t as saturated as other cryptocurrency sectors such as blockchain gaming, NFTs, or DeFi. This presents a significant opportunity for JASMY to capture market share.
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The content creator particularly emphasizes JASMY’s unique position as Japan’s first legally compliant cryptocurrency. He also highlights the strength of JASMY’s team, which includes former executives from Sony and KPMG, adding credibility to the project.
Market Timing and Future Outlook
Lee the Captain ties his analysis to broader market cycles, noting that altcoins typically peak around 18 months after a Bitcoin halving event. With the April 2024 Bitcoin halving, he suggests October 2025 could be a significant period for altcoins like JASMY.
While strongly favoring JASMY potential, Lee the Captain maintains a balanced view, acknowledging Solana’s strengths as a Layer-1 blockchain with low gas fees, scalability, and a robust ecosystem. He even expresses bullish sentiment toward Solana-based meme coins like Wen and Mani.
However, he concludes that from a pure upside potential standpoint, particularly for the 2025 timeframe, JASMY represents a more compelling investment opportunity. “JASMY at the price of a dollar during this bull run wouldn’t surprise me whatsoever,” he states, reaffirming his confidence in the project’s potential.
