Solana analysis is jaw-dropping: Preparing for a big breakout!

According to VanEck’s MarketVector, the price of Solana ($SOL ) remained significantly lower than Ethereum ($ETH ).

Despite its positive metrics, SOL’s price performance has been a subject of debate. There has been an upward expectation for SOL, which has lagged behind ETH. Data has shown that the SOL price could soon rise and reach half the size of ETH.

Martin Leinweber, director of digital research at MarketVector, predicted that SOL could reach half the market size of ETH.

Leinweber, who examined SOL’s price performance, noted the following:

“Solana has the potential to reach 50 percent of Ethereum’s market cap, and estimates place SOL at $330.”

According to CoinGecko data, $SOL has increased by nearly 2 percent in the last 24 hours and touched $ 153. SOL, which has an average daily transaction volume of $ 3 billion, is expected to increase by over 100 percent.

Leinweber stated that the Solana blockchain has performed better than Ethereum, and that this performance may change the balance in the near future.

The report said:

“Solana processes 3 thousand percent more transactions than Ethereum, has 1,300 percent more daily active users, and transaction fees are almost 5 million percent cheaper.”

Stating that SOL is inadequate according to all this data, Leinweber concluded his words as follows:

“Despite Solana’s superior performance in many key metrics, its market value is only 22 percent of Ethereum’s. Solana continues to outperform in transaction volume and user engagement, but its market value lags significantly behind.”

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