Topic: So Solana is 20x up but Ethereum is dying, yet for years ppl shill Eth why? (Read 534 times)

It's the dynamism of altcoins, to never right of any of them that has gained reputation in the market, because before the ast quarter of last year, Solana, was being relegated to the undervalued projects corner, but it's dev. team went to work and added innovations that has made it the most talked about altcoin today. Although Ethereum still remains at the top of the altcoins hierarchy, I can agree with the OP that it's gas fees has made it to seem like an exclusive altcoin for the big investors, meanwhile Solana network has made it to grow in popularity and in demand, despite it's resent network congestion that I believe will be ratified soon.

I exactly among the ones that fall into this fud and missed the opportunity to get that massive profit just because i thought that SOL was done before, the fact that ftx holding this coin back then means to me that this coin is dead, if ftx decided to dump all their coin this coin gonna went to zero but as usually in crypto world, such thing won't happen there are too many people willing to bag all those coin hoping that it will someday go back to its previous all time high which it did.

so its not a magic that solana could make 20x after getting dumped so hard because of that rumour back then but ethereum is not even dying yet how can a blockchain that quite literally have high gas fee because so many people just tried to use it being labeled as dying i just don't understand, the term dying and a blockchain that is massively being used by people just doesn't fit together at all.

Yes ethereum isn't dying, solana is a new cryptocurrency although it isn't that new but still new cryptocurrency always have higher gains but can they maintain being at the top for many years as project like ethereum has being doing. It's not about how fast you can rise to the top but can you maintain that position. Ethereum for me is better than solana, the only problem of ethereum is the high cost of transaction but it's not only ethereum that is having that problem.

The earlier cryptocurrency are having the problem of high transactions and ethereum is trying many solutions to solve the problem. When ethereum finally solve the problem then you'll know the true power of ethereum as all the developers that have left ethereum blockchain will return as ethereum is the most used blockchain for development and it's easier and popular among many cryptocurrency users.

Op if you've been into this crypto spheres since 2017 then you should had even understand the industry better than now with advancement that you've come to join this lucrate minded forum.
I can only say that you're been too curious and desperate to make profit in your holdings and for investors like you, believe it you're not fit in for bitcoin or any other reputable coins.

I'd tell you that you don't know that potential values of reputabilities and reliabilities else you wouldn't be chasing after those project coins that you can't be assured that your fund is safe in their blockchain. You're not sure when the coin would go dump and scraps off from the market cap.
As much as I know, bitcoin, Eth, BnB and the rest of the coins you dumps to invest on are most reliable coin if you must have your funds invested somewhere there with your emotions at rest and just a fact of patient you'd make a tangible income while Investing in there.
You should even be proud that you're associating your investing with the riches because the riches would always have to associate with the potentials and reputable platforms so they don't get disappointed. It serves an advantage for you as a common Investor of you don't know.
The above coins said to had been investing on since all those while can also be good projects to profer good incomes as said but that's best to be considered as when you're diversifying your holdings so you could Invest on the long time and the Short time investments.

Only reason Solana is up 20x is because of the Ftx mess. When they went bankrupt they held a large share of SOL and they also have tons and tons of locked SOL for the future.

People assumed SOL was a dead project and why they all dumped it. How low did it even go? $10 or $7. At the time people assumed SOL was finished and moved on to other projects.

Scalability remains a challenge and indeed for now in terms of transaction fees, Solana has lower transaction fees but I think it's good to just say Soluna is one of the potential coins and is predicted to rise 20x up then it is suggested to be bought now I think this is more relevant.

I think I have the same picture as the others for ETH is the second most potential coin after BTC of course. The price of ETH is now in the range of $3,569 and this is still quite very good and the majority of big investors always hold this coin after BTC. so. for ETH I think fine.

People really need to begin to use their common sense, it is as if a person said that their meme coin was better than bitcoin because it grew 10x and bitcoin came nowhere near close that amount, but this is simply the case because most coins have a market cap way below the one of bitcoin.

So it makes sense the growth of bitcoin is not as fast as it was on the past, and the same is true for ethereum, even now ethereum is 4.5 times bigger than solana, but despite its growth I do not see it surpassing ethereum soon.

that is it's on assumption because I believe that it to come out with this theory and analysis I believe that it has not made a research properly to confirm the comparison between solana and the ethereum, everyone who knows ethereum will a likely invest in ethereum more than solana because in the group of altcoin I will say that ethereum have more potentials than any of the altcoins so I cannot see any comparison between solana and the ethereum because it is recently now started having a greenish color in the market so I believe that ethereum is more potential and if he asked me to invest today it is ethereum that I will invest on instead of investing my capital to solana

you can't say that ethereum is dying and has no potential anymore just because some alt tokens outperform ethereum. you know that ethereum is the pioneer of alt tokens and before solana, bnb, and many other alt tokens were present, ethereum was already known by many people. so just because solana goes up 20x or bnb goes up 10x, that doesnt mean ethereum will die and have no traction anymore. even if you look at performance, the performance displayed by many meme tokens is much better than solana, but are they better than solana? that's not really, and so does ethereum.

I do believe that the developers could create a solution for congestion problems. Solana developers have developed different kinds of coins in its ecosystem that are both functional and has some really impressive features.

I do hope it works because solana has a lot more potential to grow.

Recently Solana experienced the same issue as other layer 1 blockchains, which is known as congestion on its network. It happened on the 8th of April and the team did come up with a solution but whether will it work or not is unknown. In the past, Ethereum faced a similar issue and the developers did come up with the solution but things are still not good. I think as the Solana chain expands we will hear more news about their network getting congested which might affect their price in the future.

people seem to forget even solana right now after having 20x from initial price back then when bearish still only a fraction of ethereum market cap if you see solana right now have market cap of $80 billion meanwhile ethereum $442 billions, definitely pumping a coin that have that massive amount of market cap gonna be significantly harder, solana back then when before pump was significantly smaller therefore 20x isn't really a concern if we are talking about market cap.
saying ethereum is dying is simply overexaggerated, ethereum right now is so full populated with new projects that are gaining billions market cap.
even the state of ethereum being staked are so hyped people are locking their ethereum for the sake of not missing any potential airdrop in the future.
saying ethereum dying just because solana is 20x while the market cap is nowhere near ethereum is simply ridiculous.

Certainly, it is true that Solana has been performing so well for the last six months approximately, however it would indeed be premature to assume that Ethereum is on the brink of demise. Ethereum is well recognized and established one of the leading cryptocurrencies, and its vast ecosystem is a testament to its enduring strength,

In summary, while Solana's rise is impressive, Ethereum's vast and well recognized ecosystem and network effects make it unlikely to be beaten by Solana or any other cryptocurrency, DYOR

If you witness this season bull run you will know that ETH is not dying yet and is still good to invest any kind of money and hodl for long, which is the best strategy Investors use to maximize profit from their investment. If you are talking about coins you will invest in the bear run and get what you want in the future from the coins, after mentioning BTC, I guess ETH will be the second and you can use the population of their investors  to know how strong ETH is in the market.

 If you ask me to choose among the coins to invest when the bear season occur, ETH and Solana will be among the altcoins that will be in my portfolio because there are some signs that prove that those altcoins will dominate well to cause their hodlers to achieve profits.

You are not exaggerating, there will never be another cryptocurrency like bitcoin, if there is at some point another form of money that is created and that is superior to bitcoin in all aspects, then even if I do not know how such a coin could be created, what I do know is that such a coin will not be a cryptocurrency but something else.

So as long as a coin is created using bitcoin as a reference, then that coin will never surpass bitcoin, as there is no way that a copy can surpass the original.

I may have exaggerated my terminologies but I stand on that mate that there are  no other projects that will grow as high as bitcoin that started to almost no value and now standing at more than 73 thousand dollars and has that capitalization of almost 2 trillion dollars(at least not in the next 5-10 years mate) though I respect your position and hope that you also will respect mine in this matter.
and also lets see and come back after 5-10 years hahaha.

You are right that solana is doing well but ethereum is not dying either. Ethereum might not have the same hype as it used to have being the only L1 solution, but L2 layers are what still making it popular. Many L2 chains even use Ethereum as gas and it's demand directly influence the price of Ethereum. With the recent Duncan update, the Ethereum developers aided the use of L2. Ethereum is also a popular speculative coin like bitcoin and with the update overall fees of Ethereum network too have decreased now much lower than that of bitcoin.

Are you like new to crypto market and investing? What happens to Ethereum isn't a permanent thing, especially with all the price dumps that it's experience, it's always going to get back up no matter what happens and Ethereum is an established if not considered a blue chip cryptocurrency, that's why a lot of people are shilling for it, I don't even think that they're not really shilling, I haven't seen someone in X or any social media platform trying to sell us Ethereum as the next best crypto after bitcoin, there's also the fact that Ethereum has a really good network and it's being used by a lot of other crypto, P2E, and NFT games so I don't get the hate you've got against Ethereum, if you don't like it don't buy it, Solana is good too but no need to put down other crypto to make a statement.

as many have stated above its not like ethereum is dying its just solana catching up, their ecosystem unarguably is more alive than ever, thats why the price keeps pumping so i'm not gonna be surprised if it some day reaches the market cap near that of ethereum but honestly speaking from which side can I see ethereum is dying, at best I could see only the deployment of new project in the ecosystem stalled due to the high gas problem that just never gets resolved and instead ethereum tries hard to promote L2 but most of the project refuse to release their smart contract in L2 afraid that it gets undervalued because all the money is in ethereum.
thats the only thing that I can see become biggest road block for ethereum but other than that its still thriving the presence of many L2 also just proof itself that people are interested heavily in solving etheruem problem and giving alternative.
but about the growth certainly no one can predict, we will see whether ethereum can grow further its market capital or just gonna stuck.

 In a nutshell, Ethereum paved the way, but Solana is catching up fast. Both have their strengths.

Ethereum:
First-mover advantage: It pioneered smart contracts and DApps.
Widespread adoption: A robust ecosystem with DeFi and NFTs.
Transition to Ethereum 2.0: Addressing scalability challenges.

Solana:
High throughput, low fees: Attracting investors seeking alternatives.
Competition drives innovation: Both ecosystems coexist.
Choose wisely,