Solana’s price rose significantly by 3%, crossing the $153 threshold, sparking investor concern. Recent analysis from VanEck suggests a positive outlook, with Solana potentially rising to $330. The cryptocurrency’s significant growth is due to its superior transaction capabilities and efficiency compared to Ethereum.

What are the advantages of Solana over Ethereum?
VanEck's report highlights that Solana far outperforms Ethereum in multiple areas. It processes thousands more transactions than Ethereum and has a higher number of daily active users. In addition, Solana's low transaction fees provide an efficient and scalable alternative, highlighting its technical strength.

Can Solana’s price reach new highs?
According to VanEck's forecast, Solana's market capitalization could reach half of Ethereum's. This could push prices to $330, driven by strong performance in the DeFi sector, stablecoins, and payment systems. The recent price surge to $151.43, reaching a high of $153.55, highlights the growing market interest.

Despite Solana’s advantages, it still faces challenges in overcoming Ethereum’s dominance. Ethereum’s recent improvements in layer 2 solutions have further increased its competitiveness, especially in terms of transaction fees. However, Solana’s advantages in fast, low-cost transactions remain attractive, especially among decentralized exchanges and aggregators.

The main conclusions of this paper include:
Solana's transaction volume and user base far exceed Ethereum's. Low transaction fees make Solana an attractive option for scalability. Despite Solana's technical advantages, Ethereum's dominance remains unshakable. Solana's potential to reach $330 depends on the growth of DeFi and payment systems.

Despite Solana’s rise in the crypto space, its competition with Ethereum remains fierce. The continued expansion of decentralized finance may strengthen Solana’s trajectory, but Ethereum’s entrenched position in the DeFi ecosystem remains a huge challenge. As both networks grow, their unique features and developments will play a key role in shaping the future of digital currencies.

The article is for reference only and does not constitute investment advice.