Solana, Ethereum'a$ETH
It has more transactions and users compared to the previous ones. Recent reports suggest that Solana’s price could rise to $330. However, the lack of institutional adoption could limit Solana’s growth. Today, Solana’s price saw a 3% increase. The cryptocurrency recently rose above $153, increasing market interest. According to a research report published by VanEck, Solana could reach $330.
According to VanEck’s MarketVector report, Solana outperforms Ethereum in many areas. The report found that Solana processes 3,000% more transactions than Ethereum and has 1,300% more daily active users. In addition, the fact that transaction fees are “$5 million cheaper” makes Solana a more efficient and scalable alternative. However, SOL’s market cap is still only 22% of Ether. This shows that while Solana has overtaken Ethereum in certain areas, the lead has not changed hands. While Solana is fast and low-cost, there are alternatives with similar features. In addition, Ethereum’s layer 2 solutions have become 10 times more advantageous in transaction fees after the last update. Solana has not reached these levels yet, but Ethereum subnets are making progress.
One of the biggest advantages of Ethereum is that it can run continuously and has strong acceptance in the cryptocurrency world, while the Solana network goes down several times a year, which is now considered normal by the community.
Solana Price Predictions$SOL
Following the report, the SOL price rose by 3.23% to $151.43, peaking at $153.55 in the last 24 hours. The cryptocurrency has gained around 17% in the last seven days, indicating a return to market focus on Solana. According to CoinGlass data, Solana Futures Open Interest increased by around 1% to $2.44 billion.
According to the technical analysis in the report, SOL is expected to capture 50% of Ether’s market value and its price could reach $330. The factors that will drive Solana’s growth include the DeFi sector, stablecoins, and payment systems. Additionally, decentralized exchanges (DEXs) and DEX aggregators play an important role in the ecosystem. Offering fast and low-fee transactions makes SOL Coin more attractive to users and investors. The continued expansion of DeFi could support Solana’s growth. However, Ethereum is still the hub for all major DeFi protocols, making it a tough competitor to beat.
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So who can benefit?
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I EXPLAIN IN DETAIL.
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WHEN WILL THE REWARD COME?
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