⭐ Merited by d5000 (1)
It appears that this storyline of Ethereum killers will come very much similar to a Netflix show with different seasons during bull markets hehehehe.
The report is very simple and short, however, the title will be very much disliked by the Ethereum community.
Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent report from VanEck’s Market Vector. The report also projects that Solana’s price may rise to $330, which means an increase of over 50% from its current level.
“Based on third party research, Solana has the potential to reach 50% of Ethereum’s market cap, with predictions placing SOL at a price of USD 330,” the report wrote.
“These forecasts are derived from technical models available on platforms like TradingView, suggesting a possible seismic shift in the cryptocurrency landscape if this market cap increase occurs,”
As detailed, the layer 1 (L1) blockchain outperforms Ethereum in terms of key metrics like transaction capabilities, user base, and transaction fees.
Read in full https://finance.yahoo.com/news/solana-could-hit-50-ethereums-200600304.html
This is the report from VanEck and the source of the article.
https://www.marketvector.com/insights/mvis-onehundred/eth-vs-sol
The report is very simple and short, however, the title will be very much disliked by the Ethereum community.
Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent report from VanEck’s Market Vector. The report also projects that Solana’s price may rise to $330, which means an increase of over 50% from its current level.
“Based on third party research, Solana has the potential to reach 50% of Ethereum’s market cap, with predictions placing SOL at a price of USD 330,” the report wrote.
“These forecasts are derived from technical models available on platforms like TradingView, suggesting a possible seismic shift in the cryptocurrency landscape if this market cap increase occurs,”
As detailed, the layer 1 (L1) blockchain outperforms Ethereum in terms of key metrics like transaction capabilities, user base, and transaction fees.
Read in full https://finance.yahoo.com/news/solana-could-hit-50-ethereums-200600304.html
This is the report from VanEck and the source of the article.
https://www.marketvector.com/insights/mvis-onehundred/eth-vs-sol
I appreciate VanEck's enthusiasm. But the thing is, Solana isn't as reliable as Ethereum is. It has been a constant victim of network outages in the past. Besides, Ethereum is the one smart contract platform that started it all. The concept of Web 3.0 wouldn't have existed without Ethereum. It's a blockchain network that has an ever-growing ecosystem of dApps, tokens, and services alike. The EVM has been tried-and-tested over the years. Solana's EVM counterpart is just getting started. How could it reach a market cap half of Ethereum's? I'd say that's impossible.
Right now, SOL is being heavily-used for the issuance of new "meme" coins (tokens). All of the buzz are on "memes" such as WIF, BONK, and the likes. NFTs are still dominant on the ETH blockchain, despite SOL's performance and cost-efficiency. The market will decide which coin stays afloat, and which one will go all the way down the drain in an instant. With ETH getting cheaper and faster to use thanks to subsequent network upgrades, what use will alternative L1 networks like Solana have? Just my opinion.
