Samson Mow, CEO of Jan3, analyzed the prices of altcoins compared to Bitcoin under equal market supply conditions and stated that Bitcoin dominance in the market still has potential to increase. He tweeted, ‘Unit bias severely destroys unfamiliar people.’ Mow argued that this bias causes inexperienced investors to think that cheaper altcoins have better value. By removing unit bias from altcoins and considering their market value similar to Bitcoin with a total supply of 21 million units, he calculated Ethereum to reach $9,200, Ripple to $5,800, and Solana to $3,400, which are respectively 470%, 278,746%, and 2,328% higher than their current prices. Mow concluded that ‘these altcoins are by no means worth that much’ and predicted that Bitcoin dominance in the market will significantly increase.
