Solana on track to reach half of Ethereum’s market cap, SOL price to rise to $330

If Solana (SOL) reaches 50% of Ethereum’s (ETH) market share, its price could rise to $330. Martin Leinweber, head of digital asset research at VanEck, pointed out that although SOL outperforms ETH on key metrics, its market value is still significantly undervalued, currently only 22% of ETH.

Solana’s scalability, speed, and transaction costs are significantly better than Ethereum’s. For example, Solana handles 3,000% of the transaction volume of Ethereum, has 1,300% more daily active users, and has nearly 5 million% lower transaction fees. Currently, ETH has a market capitalization of approximately $314 billion, while SOL has a market capitalization of $70 billion. If ETH stagnates, SOL's market capitalization would need to grow to over $150 billion.

The ratio of SOL to ETH is also showing a bullish trend, rising from 0.01 in early 2024 to close to 0.05. The value of SOL will further increase if more institutions participate. Currently, SOL price is trading around $150 and needs to break above the $160 resistance to continue rising.

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