Solana broke through $150 and rose more than 8% in the past 24 hours, making it the strongest among the top ten coins. Analysts pointed out: This is the last confirmation signal that the bull market is coming. (Preliminary update: Solana’s second-generation mobile phone has been renamed “Seeker”: pre-orders have exceeded 140,000 units and will be shipped in the middle of next year. Is there still time for an ambush airdrop?) (Additional background: No one uses Ethereum? Gas has fallen below 1Gwei in a row, and even Solana , the transaction volume on the TRON chain is low) The cryptocurrency market is driven by the continued rapid growth of Bitcoin (it once exceeded US$64,000 at noon), and most altcoins also rose rapidly. Among the top ten tokens by market capitalization, Solana was the strongest, reaching $152.46 at more than 2 o'clock earlier, with an increase of more than 8% in the past 24 hours. Analyst Egene Ng Ah Sio, who has more than 70,000 tracking numbers on We found strong support at $120, which has been tested multiple times and held steady, while alternative L1 competitors rallied more than 2x, while SOL hovered around these lows. To me, this is the final confirmation that a bull market is coming. If this is truly the start of a sustained rally, I cannot for the life of me see SOL below $150 for long. We had iron zone support at $120 that was tested multiple times and held steady, and an alt L1 competitor go up >2x whilst SOL has languished near these lows. This to me… — Eugene Ng Ah Sio (@0xENAS) September 20, 2024 Will SOL’s market value exceed ETH in the future? At the currently held Solana BreakPoint event, Cuy Sheffield, head of the international payment giant VisaCrypto department, said that 65% of stablecoin transactions on Solana are less than $100, while Ethereum cannot frequently conduct low-value transactions and is not cost-effective. It implies that the current transaction fees of Ethereum are still not user-friendly enough. Just yesterday, Kyle Samani, co-founder of Multicoin Capital, also said at the Token2049 conference: SOL’s market value will exceed Ethereum in the future, and gave his reasons: The Ethereum roadmap plans to advance transactions from Layer1 to Layer2, and this plan The painting is being executed smoothly. From the current perspective, more than 90% of Ethereum's transactions are executed on Layer 2, but this also results in ETH being unable to effectively capture the transaction value. On-chain transactions are the most important metric for blockchains, and over the past year there have been days when Solana’s on-chain transaction volume was higher than Ethereum’s, and some weeks when it was lower than Ethereum’s. However, Solana is currently roughly on par with Ethereum in terms of on-chain transaction volume. Solana’s token extensions provide many of the features needed by Wall Street institutions, payment companies, or any major asset issuer. Only when these features and related construction are ready can regulated finance appear on the chain at scale, and this is the case with Ethereum. It is basically impossible to achieve on the market. Related reports Nine consecutive wins! The giant whales in the Ethereum band quickly liquidated their positions of "13 million US dollars in ETH" before the Fed cut interest rates and made profits. Arthur Hayes broke the point: "The exchange rate of the US dollar against the Japanese yen" determines everything! Ethereum may benefit from interest rate cuts.. Google Cloud updates blockchain RPC to support the Ethereum network. What role does RPC play in encrypted transactions? "Solana breaks through $150 and rises by more than 8%. Analyst: The final confirmation signal to restart the violent bull market" This article was first published in BlockTempo "Dong District Dong Trend - the most influential blockchain news media".