Topic: Can Solana be the next Ethereum??? (Read 1665 times)
Based on the position Solana is right now among other cryptocurrencies, show that it will soon become next to Ethereum because the number of their investors has increased higher for the signs they saw few months ago that made them to used the opportunity well. Despite, Ethereum still remain second position among other cryptocurrencies, I believe after this bear condition, Solana will be the one to next to bitcoin because their teams are seriously working to ensure what has not happen to Solana before, will happen to favour their investors.
I believe that Solana is not as well developed as the Ethereum platform. According to the development of Solana, it has nothing even close to the Ethereum platform. Therefore, this is not a completely correct comparison. However, the Solan project is decentralized, which is undoubtedly a huge plus. And the Ethereum platform is centralized, which, of course, is a minus. But it seems to me that Solana is in no way a competitor to the Ethereum platform.
I think that there is pattern for new coins, it's either they are the next hype or will be the next Ethereum killer.
When I was new this was already the trend in 2017, I can't remember how many projects claims to be the Ethereum killer but no one beats Ethereum and on the contrary, those projects suddenly die or maybe still in the cryptospace existing but nowhere near the success that they claim to be in the beginning.
Even BNB was touted to be the next Ethereum, yeah it enjoyed success because of CZ but still though in terms of market cap and volume, no altcoin can match ETH, maybe besides USDT but that is another story.
When I was new this was already the trend in 2017, I can't remember how many projects claims to be the Ethereum killer but no one beats Ethereum and on the contrary, those projects suddenly die or maybe still in the cryptospace existing but nowhere near the success that they claim to be in the beginning.
Even BNB was touted to be the next Ethereum, yeah it enjoyed success because of CZ but still though in terms of market cap and volume, no altcoin can match ETH, maybe besides USDT but that is another story.
Solana was hyped once, but after the network outages and the FTX collapse, I don't think it will bring back the attention of mainstream investors ever again. Replacing Ethereum as the dominant platform for decentralized applications is very unlikely, especially when SOL is centralized. Basically, any ETH contender these days is centralized. Besides, ETH has first-mover advantage. In other words, it's impossible to take its place as the second-largest cryptocurrency by market cap.
At least, we have many options to choose from. As long as decentralization prevails in the long run, nothing else matters. Just my opinion
Solana is a blockchain platform that claims to offer better speed and scalability than other blockchain platforms, such as Ethereum. However, no one can guarantee that Solana will be the "next Ethereum" or not. This depends on a variety of factors, including success in attracting developers and users, and its ability to address scalability issues it may face in the future.
I think its true Solana day by day make very strong and the people increase the ratio of buying of Solana day by day .
But according to my experience is that not anyone say that easily Solana is a next Ethereum because Ethereum is a very strong project and alot of people alot of new project use Ethereum and my opinion is that Ethereum is very strong so that is hard Solana defeat Ethereum easily.
But according to my experience is that not anyone say that easily Solana is a next Ethereum because Ethereum is a very strong project and alot of people alot of new project use Ethereum and my opinion is that Ethereum is very strong so that is hard Solana defeat Ethereum easily.
SOL uses a hybrid mechanism of Proof of Stake (PoS) and Proof of History (PoH) to ensure scalability and low transaction costs.
I don't think it will be the next Ethereum. Just like Ethereum is not going to be the next Bitcoin. SOL still needs to continue to grow.
I don't think it will be the next Ethereum. Just like Ethereum is not going to be the next Bitcoin. SOL still needs to continue to grow.
I had got research about Solana, there are top holders of Solana still exist which it is very difficult to go down in the very near time, but in crypto everything is possible and I must say that it will take some time to reach the position of the Etherium, we had Etherium was not there before at the position, it is now.
Solana became popular very quickly and attracted many investors. The main advantage of SOL is it is limited, but recent few days were hard for Solana. Investors are disappointed because of the numerous outages that are happening on the Solana (SOL) blockchain. The outages have resulted in major delays in transactions made on Solana.
The Solana price prediction made by Coinpedia for 2022's end is $13.6248, now it is to wait and watch whether the Solana be able start or stop the transactions of its members and surge in SOL prices.
The Solana price prediction made by Coinpedia for 2022's end is $13.6248, now it is to wait and watch whether the Solana be able start or stop the transactions of its members and surge in SOL prices.
One of the most important features of Solana is its limited supply. The limited supply means that its value can rise rapidly. but the fact that solana is run by a team is a disadvantage because in every team there can be disagreements and break-ups. in the long run I am not sure about that. global developments will have the last word.
Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping. These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.
Solana was once very popular, now Solana prices are in the middle of dumping due to the deterioration of market conditions. However, everyone is still hoping that if market conditions improve in 2023, Solana prices will increase again.Before Solana surpasses Ethereum, it should surpass other projects like Polygon, and BNB. Even if market conditions improve Solana still can't win, it should keep developing or upgrading their product so many people will use it like BSC which is already popular right now because it's easy, fast and BNB has small fees.
Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping. These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.
Solana was once very popular, now Solana prices are in the middle of dumping due to the deterioration of market conditions. However, everyone is still hoping that if market conditions improve in 2023, Solana prices will increase again. 
Solana was the biggest new thing in 2021, and it'll never come back.
Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.
Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.
Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.
Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.
Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.
Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.
Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.
Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.
Network outages, and now the recent FTX collapse, will ultimately "kill" Solana's ability to overcome Ethereum in the long run. It's unfortunate things will turn out this way, since the project holds a lot of potential to revolutionize the crypto/Blockchain industry (fastest confirmation times and cheapest fees per transaction unlike any other blockchain in the world today). The SOL cryptocurrency is now trading below $14, way below its ATH of over $200 per coin. Only a "miracle" would save Solana and make it one of the top 5 cryptocurrencies in market cap. But I doubt there's a chance for Solana to recover, especially when developers haven't fixed the network outages yet (in other words, they don't care about the project at all).
I don't think Solana or any other smart contracts platform will "beat" Ethereum, especially when the latter has first-mover advantage on the market. At least, there will be many platforms to choose from. People will ultimately decide which platform stays and which one goes all the way down the drain. As long as there's healthy competition on the industry, nothing else matters. Just my thoughts
I think that there is pattern for new coins, it's either they are the next hype or will be the next Ethereum killer.
When I was new this was already the trend in 2017, I can't remember how many projects claims to be the Ethereum killer but no one beats Ethereum and on the contrary, those projects suddenly die or maybe still in the cryptospace existing but nowhere near the success that they claim to be in the beginning.
Even BNB was touted to be the next Ethereum, yeah it enjoyed success because of CZ but still though in terms of market cap and volume, no altcoin can match ETH, maybe besides USDT but that is another story.
Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping. These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.
your statement is wrong if you call Solana to be a stable coin. and some of what you said is a bit off the mark from the fact that Solana's price dropped drastically because of the accident that happened to FTX. because FTX is the largest holder of the Solana coin and after FTX went bankrupt Solana became the risk of falling prices.maybe one day Solana will fix this problem and come back to increase the price again because behind them is a good development team. but one thing you have to remember is that Solana still can't replace ethereum
Indeed, Solana has had a lot of fans, especially in the last year, but they are now recovering to get better with what they are experiencing. So I think it will be very difficult for SOlana to follow Ethereum's lead.
Solana was the biggest new thing in 2021, and it'll never come back.
Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.
Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.
Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.
Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.
Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.
Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.
Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.
Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.
Network outages, and now the recent FTX collapse, will ultimately "kill" Solana's ability to overcome Ethereum in the long run. It's unfortunate things will turn out this way, since the project holds a lot of potential to revolutionize the crypto/Blockchain industry (fastest confirmation times and cheapest fees per transaction unlike any other blockchain in the world today). The SOL cryptocurrency is now trading below $14, way below its ATH of over $200 per coin. Only a "miracle" would save Solana and make it one of the top 5 cryptocurrencies in market cap. But I doubt there's a chance for Solana to recover, especially when developers haven't fixed the network outages yet (in other words, they don't care about the project at all).
I don't think Solana or any other smart contracts platform will "beat" Ethereum, especially when the latter has first-mover advantage on the market. At least, there will be many platforms to choose from. People will ultimately decide which platform stays and which one goes all the way down the drain. As long as there's healthy competition on the industry, nothing else matters. Just my thoughts
Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping. These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.
your statement is wrong if you call Solana to be a stable coin. and some of what you said is a bit off the mark from the fact that Solana's price dropped drastically because of the accident that happened to FTX. because FTX is the largest holder of the Solana coin and after FTX went bankrupt Solana became the risk of falling prices.maybe one day Solana will fix this problem and come back to increase the price again because behind them is a good development team. but one thing you have to remember is that Solana still can't replace ethereum
with the ftt crash that affects solana greatly, it could simply implicated that solana could never replaces eth in the long run, let alone solana, even bnb with binance as a giant company backing it still could hardly surpass eth, so I definitely doubt that solana could pull it off and become the next eth. If there's coin out there that could become the next eth I'd say it's matic since it's like having the same characteristics with eth and it's already starting to grow in term of market valuation. solana in the other hand, still got hold back by the bad news revolving around the coin itself.
Solana was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum. And Solana might be a better ecosystem in the future. But it will not be the same as Ethereum and it will never be an alternative to EthereumI think this is also due to the fact that many exchanges have blocked USDT and USDC deposits in the Solana blockchain network! At the same time, they did not indicate any reasons! What do you think about it? Although the articles indicate that the stable coins (USDT and USDC) do not belong to Solana, and they were just issued on the Solana network, but they have nothing special to do with Solana!
with the ftt crash that affects solana greatly, it could simply implicated that solana could never replaces eth in the long run, let alone solana, even bnb with binance as a giant company backing it still could hardly surpass eth, so I definitely doubt that solana could pull it off and become the next eth. If there's coin out there that could become the next eth I'd say it's matic since it's like having the same characteristics with eth and it's already starting to grow in term of market valuation. solana in the other hand, still got hold back by the bad news revolving around the coin itself.
Solana was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum. And Solana might be a better ecosystem in the future. But it will not be the same as Ethereum and it will never be an alternative to EthereumI think this is also due to the fact that many exchanges have blocked USDT and USDC deposits in the Solana blockchain network! At the same time, they did not indicate any reasons! What do you think about it? Although the articles indicate that the stable coins (USDT and USDC) do not belong to Solana, and they were just issued on the Solana network, but they have nothing special to do with Solana!
Solana was the biggest new thing in 2021, and it'll never come back.
Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.
Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.
Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.
Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.
Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.
Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.
Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.
Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.
Solana had a good correlation with FTX which led to massive price drop of Solana along with FTX. I think if this FTX recovery is not possible then it will be difficult for Solana to come back early in the market. Until the next bullish trend it is hard to say what will exactly happen to Solana.
after big issues with FTX solana is one of the affected coins. but for me it's only temporary and some time later it will be normal again.it is not uncommon for market crashes to occur as several coins are affected by such incidents and their prices suffer deep but temporary declines.
and i see solana is a good coin in the field of transactions that is quite fast and most likely the price of solana will not continue like this and will recover soon
Solana had a good correlation with FTX which led to massive price drop of Solana along with FTX. I think if this FTX recovery is not possible then it will be difficult for Solana to come back early in the market. Until the next bullish trend it is hard to say what will exactly happen to Solana.
Jump to: