Solana VS Ethereum : What are Solana's Opportunities in the Future??
Hi Guys, how about this green market?? Are you happy or not!?
I think everyone will be happy with an exciting market like this.
But I don't want to just stop with Euphoria. I will share with all my friends the next coins so we can anticipate the increase when the real bull run occurs.
Before that, let's first see how Bitcoin moves so that we know the next market direction.
Oh yes, you can also stop by my Telegram channel, Billionaire Trader to find out the latest Market Updates EVERY DAY by clicking the link below: https://t.me/BillionaireTrader99
Through this Bitcoin chart, the simple thing that we can see together is that there will be a correction first in the market. In my opinion, it would be better for the market to correct first as part of its support retest to continue the increase. Besides⊠the market has also increased significantly so it is natural that there is a rest day in the market so that it can be strong to increase again.
After we discussed btc, what about the next interesting coins?? As the title suggests, we will focus on big caps, namely ETH and SOL. both offer interesting things in the market and don't be careless!!! because the increase in the bull run is definitely not just a meme coin, right??
We will divide into two parts for this discussion. The first discussion is:
Part 1 : Coin Prospects.
Our first coin prospect will be seen from the technology side first.
Ethereum: Ethereum was the first blockchain to introduce smart contracts and has a mature ecosystem with a variety of dApps. However, Ethereum suffers from scalability issues and high transaction fees, especially during âbusyâ periods.
Solana: Solana offers significantly higher throughput with the ability to process thousands of transactions per second (TPS) and very low transaction fees. Proof of History (PoH) technology gives Solana an edge in efficiency and speed.
So, what about the Ecosystem and Adoption of these two coins?
Ethereum: Has a large ecosystem with a large number of DeFi projects, NFTs, and ERC-20 tokens. Strong support from developers and investors makes it a stable choice as in transfer transactions between Wallets
Solana: Despite its youth, Solana has quickly built a diverse ecosystem. Many new projects have emerged thanks to the innovation and support of the community. Liquid staking tokens and interoperability with other blockchains have added to its appeal. With the ease of Solana, many meme coins have been released through this ecosystem.
We will focus again on discussing the Cost and Efficiency aspects:
Ethereum: Gas fees are often a barrier for users because in terms of gas fees, ETH still has a high rate. Although Ethereum 2.0 is trying to improve scalability and reduce fees, the results are still not fully visible.
Solana: Low transaction fees make it a more attractive option, especially for applications that require a lot of transactions. This gives it a competitive advantage in attracting new users and projects.
With support from the community and developersâŠ
Ethereum: Has a very large and dedicated community of developers, investors, and users. Its documentation and support for developers is also very strong, so we can see many DApps emerging through the ETH ecosystem.
Solana: The Solana community is growing rapidly, with many initiatives to attract developers. Initiatives such as meme coin launches, NFT launches, and many other things are being worked on within the Solana ecosystem to âcatch upâ with Ethereum.
After we look at the perspective of coin prospects through technology and the uses between the two coins, we will move on to the next section.
Part 2: Price and Technical movements of both coins
We can see firsthand how far the price movement between Solana and Ethereum is.
ETH Explanation:
ETH was about to uptrend, but was corrected to return to its 2022 level. What we can interpret is, if you buy ETH in 2022 and hold it until 2024, the Gains you get are "None". because it could be that the price where you bought it in 2022, is touched again now.
WhereasâŠ
SOL Explanation:
Solana is moving impressively on the chart. There is a Bullish Reversal happening so the price is now approaching its all time high and has the potential to breakout + print a new High.
Chart-wise, Solana looks âsexierâ because it offers the potential to breakout and continue its upside, while ETH still needs time to move bullishly.
If I need to âtake a sideâ, then I would choose Solana for now because in terms of upside probability it has, it is very interesting to print a new all-time high and provide a decent capital gain from a Big Caps.
When else will there be Big Caps that can give us profits above 50% nowadays ????
