What’s Making ETH Price Sink?
A Sept. 25 report from VanEck predicts that Solana’s price could reach $330 and swell to 50% of Ethereum’s current market cap, largely thanks to Solana’s superior speed and transaction processing metrics.
The report notes that Solana’s throughput can reach thousands of transactions per second, 3,000% higher than Ethereum’s TPS. Solana’s daily active users are 1,300% higher than Ethereum’s, and transaction fees on the Solana network are nearly 5 million% cheaper.
Retail investors are “slowly realizing” that Solana has the potential to challenge Ethereum as a smart contract platform and are confused that institutional investors have yet to realize Solana’s advantages. The report speculates that one possible reason for the lag in institutional adoption could be a reluctance to switch from blue-chip assets like ETH to the younger Solana.
