🚨Solana: The great return of the Ethereum Killer!
✅While Solana, the “killer of Ethereum”, is reborn after a tumultuous period, its spectacular progress against its historic rival rekindles the debate: are we witnessing the beginnings of a paradigm shift in the crypto universe?
🚨Solana, the crypto tsunami sweeping towards Ethereum
✅Solana (SOL) posted gains outpacing other major cryptocurrencies with a 7% price increase on Wednesday morning. At the time of writing, SOL is trading at $60.16 apiece, a 24-hour increase of more than 7% (CoinGecko). Over 7 days, SOL gained 10%.
✅This trend shows a return to favor for the outsider Solana. After a trying year in 2022, marked by repeated outages and the FTX affair, the decentralized network seems to be attracting investors again.
✅SOL had a phenomenal rally in November. The price of Ethereum competitor exceeded $50 for the first time since May 2022, outperforming most cryptos in performance. According to experts, this surge is due to a squeeze caused by the exit of short sellers and renewed interest from institutions.
✅Yet, a month later, Solana continues to climb. Over the past 30 days, SOL is up over 70%. The crypto market is otherwise relatively sluggish. Bitcoin and Ethereum have barely moved over 24 hours. The same goes for Dogecoin, Tron, and XRP. Only Avalanche (AVAX) is progressing as well as SOL over 24 hours, at $20.87 (+80% in one month).
🚨Raoul Pal compares Ethereum and Solana
✅Famous crypto trader and investor Raoul Pal recently brought a unique perspective to the comparison between Ethereum and Solana. According to him, the use of Solana stands out for the most fluid, fast and user-friendly user experience.
