What cryptocurrency are you most optimistic about in 2024? - Will SOL surpass ETH?
I have always joked that sol is the killer of Ethereum, and recently sol has become a hot golden dog.
sol has gradually spread to the entire web3 and even outside the circle, attracting a large amount of off-site funds.
He has created numerous myths of wealth creation and demonstrated his strong momentum.
What is SOL
Solana (SOL) is a high-performance blockchain platform known for its scalability, speed, and low transaction costs. It stands out in the cryptocurrency world for its innovative technology, which includes a unique consensus mechanism called Proof of History (PoH). This mechanism allows the blockchain to process transactions quickly, reaching approximately 50,000 transactions per second. This speed is a significant improvement compared to other blockchains such as Ethereum, which processes fewer transactions per second.
Let’s talk about the recently popular BOME token. I believe everyone has heard about it. I am not recommending you to buy it here. I am just briefly reviewing the popular gameplay of Meme on the Solana chain.
The cause is Darkfarms, an artist who specializes in the creation of Pepe Meme pictures. His previous most famous work was the Pepe-themed NFT series SMOWL.
So there are well-known artists with tens of millions of fans moving in.
The second ecology develops rapidly
Solana’s development progress is visible to all. A project that was almost destroyed and still continues to upgrade its development technology in a bear market would never exist in the world of blockchain! And Solana is the only one. Not only did the official launch the Neon EVM mainnet compatible with Ethereum in July this year, and they are eager to integrate more applications from Ethereum, they also made the first blockchain mobile phone-Solana Saga. On the verge of death and in a bear market, we are still striving to be reborn and continue to output, which already makes people have the urge to love again.
Third lowest fee
For every transaction, the transfer fee is almost negligible.
The fourth has great potential
It was selected by international payment giant Visa as the underlying payment public chain.
Jump Crypto and Solana jointly developed a node client called Fire Dancer. When Solana was initially tested, TPS of 60,000 was already unbelievable. However, the success of Fire Dancer will have the opportunity to allow Solana to own CeFi in DeFi. level of transaction experience, and even give blockchain the prospect of truly integrating traditional financial applications.
The most important one is the money-making effect. As long as there is a place to make money, friends will flock there.
Sol also has the effect of ether interactive airdrop.
I have already gone through the matryoshka play of defi games on Ethereum, so the next step should be to go through it all over again on sol.
In the long run, it is only a matter of time before Sol's market value surpasses that of Ethereum. It depends on whether the subsequent outbreak can lead it to the peak of the bull market.
If $500 is not excessive at all, just make a fixed investment. Leave the rest to the market💪
