Topic: So Solana is 20x up but Ethereum is dying, yet for years ppl shill Eth why? (Read 532 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,

This is false, bitcoin was never a shitcoin, bitcoin from the very beginning, even before it had a price on its own, had a massive value, this is just like when Google was first created, no one except their creators and a few insiders knew what was going on, but you can be sure that Google was already a great project before it went public and eventually its stock value reflected this.

Also Hal Finney was already calculating a possible price of 10 millions for each bitcoin just a few days after it was released, so the people that were into bitcoin back then knew very well the potential it had, which by the way is just one of the reasons why they supported it.

I won't judge into that conclusion that there are no projects like Bitcoin. There are projects that have big ecosystem than Bitcoin but being the first has its own privilege. It is not that easy to buy 1 Bitcoin at it's current price in today's market price. Whereas it is easy to buy some of the cryptocurrency that are working for the betterment of other big crypto ecosystem.

Because there has been no project like bitcoin so far

people were right for trusting bitcoin and now it has grown beyond imagination but not all projects are like bitcoin they are not going to grow as much as bitcoin did and still continuously does that is why investing in new projects just proves to be nothing but risky

While solana is making a name for itself in the altcoin market, it is worth mentioning that Ethereum has also established its position as the second most important cryptocurrency after bitcoin thanks to its unique features. There is some truth in comparing Ethereum and Solana, but it is not entirely accurate. Ethereum outperforms altcoins thanks to its intrinsic value that attracts investors and guarantees attractive returns. Concerns about security, legitimacy, and risk of failure make most investors hesitant about new altcoins. ethereum represents a higher level of security, feeling like the second cryptocurrency after bitcoin. The connection between ethereum and bitcoin is also an important factor: whenever bitcoin increases in price, Ethereum tends to increase as well.

When investing in new projects, the possibility of loss is very high and therefore many people are afraid to venture into such undertakings. Not all of us have the goal of accumulating billions of dollars from cryptocurrency. Although investing in ethereum – considered a prominent coin – with just a small amount of money, you can still gain huge profits. Today we have many more ways to invest that can help create a diversified portfolio.

we should not assume one coin as a dying coin due to success of another one as every coin elevated in price according to their supply and demand. Solana is successful these days and we are agree with such statement but ethereum is also a successful coin which cannot be neglected.

Ethereum is more successful coin and no other altcoin can ever go higher enough to replace the success of Ethereum therefore it is upto a person that in which coin he wants to invest both are successful but Ethereum is not dying and will never happen.

We can not deny that without the existence of ETH network solana would never have been created. Solana was created to solve the issue ETH network had been having for a very long time. The performance of SOL is better than that of ETH in comparison but in terms of ecosystem growth, solana is no where near ETH network. Only price action can judge a projects superiority. Also the uptime of ETH network is higher than solana and even solana network is more centralized than the ETH network. All those layer 2 and layer 3 project of ETH network also solve its high gas price and scalability issue.

What op do not understand is that everything in the market is all about hype and every token has there own time to shine.
This is the time Solana is shining and that should not make us to compare it to other projects that has been in the market for long.
Ethereum is the best altcoins in the market and for the fact that Solana is trending does not mean Ethereum is not good enough, this is all about timing just like when Doge coin was trending in the market attracting more users to adopt it with time.

Having something like SOL is rare, not that it didn't go up, but the fact that you could have invested early on in a coin that went up that much is rare. Go try your luck if you want to see how hard it is, if you can find something new, like within 3 months of its release, that can go 20x higher, then don't wait out and just do that.

I think the problem is that we are going to end up with some trouble that would not be all that easy, so we should let it happen and not worry about anything else. That is the whole point of this, it has to be something that will take some time which I think should not be all that easy, we need to focus on bigger name stuff like ETH because at least we know that ETH will go up and not have any trouble.

Feels good to hear that. Gives a sense of relief that I wasn't the only one. I see that a lot of people are into Solana because of the meme coins.
That may be the reason why its getting new attention. I personally lost interest in Solana when the frequent blockchain outages started coming in.

     At the moment, Ethereum remains higher, even if we say that Solana is performing better. It's just that I believe that creation can never surpass the creator.
This is what I see in Ethereum and Solana. Because Solana wouldn't have been created if the Ethereum network wasn't used, if I'm not mistaken. Please correct me if I'm wrong.

     I can't really say anything about the meme coins and altcoins under the Solana network that are usually emerging in the market now, to be honest,
And a lot of people got profit from those.

These two has their own chains and community. This simply means that number of projects aren't equal as well which creates difference with price growth and development. Solana happened to be creating a noise recently because many new projects are now being released in its chain, creating demand and of course support on its market price. Ethereum is still performing well which should still be noted. Comparison on the other hand is due to us users but in the first place we have the freedom to choose between or both of it, what matters is to make profit out of these coins as an investment. Neither of these two are bad coins to invest. Again, coins has its own phase since these two are way far from one another in many aspects.
Ethereum is on another level to be compared from a young token which is Solana. Ethereum has an established name already in the market and solana is still on the process of builting its own which for me, makes it no longer surprising to have higher rate of increase when it comes on its maarket value which is still low, meaning, many rooms for growth. Future is bright on these two, no doubt.

People are definitely aware of the fact that projects with low market cap can easily pump or grow for more than 100x in a short period of time because they are volatile. The same way this coins can crazily go is the same way they can crazily crash. Some people are into only investing into cryptocurrency just to gamble on the next big pump but to secure their assets and also earn a reasonable ROI. Investing in this low cap coins can be too risky as you can easily lose everything but with a good coin like bitcoin you hardly loss if you hold long.


Almost everyone made the same decision then when Solana was below $20 because they had crisis then most notably their link with the FTX collapse saga then and the coin was dumping, it was logical to pull out then. The ecosystem is just getting new attention now because of its low gas fee

Op is even confused of himself. Ethereum now is rating/rising to $4k and while Solana is still $180 and Op is saying that Ethereum is dying well I don't know which kind of dead he is referring to. In this cryptocurrency market business or investment everyone has their own coins or projects they like most. Some of them like altcoins because they could not bought bitcoin when it was cheaper and they think they are late in the investment today because of the price, so they just join the lower projects which they can buy with small amount and hodle it foe either short term or long term investment.

Solana and Ethereum are all good to invest but you don't have to compare Ethereum to Solana even though all the two networks are congested Ethereum is still superior to Solana.

Ethereum has over 5 times sol's marketcap and it's up 120806% from the atl in coinmarketcap, while Sol is up 21559% from atl. All the good developers are in eth, so how in the name of hell is eth dying?

I get what you are saying by making money with new projects, but you do realize that you have been lucky with those. There are countless new projects coming daily that won't survive so long that they would be even listed to coinmarketcap. Many of them are overvalued at the start because of ridiculous product versus money they rised. People are saying that you should invest to top coins mainly because those have been safest in last few years and they have most liquidity.

And yeah, we get that this might as well be just your crappy guerrilla ad for solanaland and that's why you had to add how much money you have made. It's quite transparent and cheap you know.

Dude are you for real how come eth will die inspite of a great movement. Yes sol indeed pump from $8 to current price now but that isnt justify that eth is sinking already you know that its kinda impossible to beat down that 2nd place of eth in terms of marketcap. Solana volume is quite up but surely still far from reaching to ethereum position.

You are doing exactly what the whales want you to do, 2 years ago you guys were guys were trending Solana for it's bad PR that led a lot of people to lose millions, people lost fortune but then because it crashed so hard and because it was a potential coin back then, they restock and now using meme coin to pump it back due to the demand, it's a shame that people no longer care to check perimeters of blockchain such as speed and other basic things we used in comparison. Now, you are here saying ETH is dying because it's not be manipulated like Solana.

The only problem why we are having this subject of discussion and comparisons is because of Ethereum speed and I think the team is no longer giving itself headache concerning that aspect because layer 2 are there for just that, even the Ethereum Dencun upgrade was to make layer 2 to sync faster speed with Ethereum and it's working for them. After the speed, Ethereum chain has everything you need me in any project, the rest of the project are just looking for cheap score and attention when they do the comparism. If you want projects that can 20x in a year, maybe you should try Solana memes since you like Solana so much and it's alive.

Everything was a shit coin once. Do you think people who found out about Bitcoin for the first time many years
ago believed it would get as big as now?
 
No they did not. They trusted an early project. Most who used Bitcoin over those years even did not value
it at all, it was just a tool for some darknet tranactions.

I rather trust innovation and new projects but I know the majority always hates that. The  majority of
crypto people now would have NEVER went into Bitcoin. They would have hated it. They would have ignored
it.

They hate innovation like Solanaland:
 

People just want fake safety, people want to be LIED TO with big projects as Ethereum that only make a few billionaires richer who got it early for $0.25.

Why do people never understand they are just exit liquidity for billionaires with Ethereum?

I am an Ethereum fan myself but the fact that Solana has made far more returns in this bull cycle than Ethereum bugs me.
In fact I had a decent amount invested in Solana but since it's blockchain started getting outages I became skeptical about it/
Then in the bear cycle the price of Solana dumped to $8 and I sold all of it. Now I see it near to it's previous high.
Although I lose a huge amount of profits but I still feel the value it brings to the table is not as good as Ethereum.
That's the reason why I am still holding Ethereum although it's providing less returns.

So Solana was down almost 99% and only went back to almost ATH. In comparison to Solana, Ethereum has grown as well. It didn't dump as hard as Solana did ($260 to $8) so I think it has done relatively well compared to solana. Even we want to talk about the biggest innovations in crypto, only Ethereum is pushing the bounds. Other protocols are only replicating token standards on Ethereum to their own chain (ERC20s, NFTs, vaults, etc).

Let's talk TVL:
Solana — https://defillama.com/chain/Solana
Ethereum — https://defillama.com/chain/Ethereum

Ethereum's TVL is 10x bigger than that of Solana. The only insight that Solana fares better than Ethereum in, is the fact that gas fees are almost negligible and for that, users have to thank the solana foundation because I heard fees are heavily subsidized thus, fees might go up if subsidy is removed which would happen on some point.

Let's not forget solana is the de facto chainbfor shitcoins and memecoins gambling.

This won't be Justice to make comparison between the price action of eth and solana. Its easy to move the price of a small marketcap coin than a larger one. Solana is still one of the biggest marketcap in the crypto industry but look at the marketcap of solana when it was 10$ and look at the marketcap of eth when it was 2k.

There is nothing wrong with Ethereum all we just have to finish to look at it from the normal perspective.
For the fact that a crypto project is trending do not mean that others are less competitive when compared to it. I think we need to know what we are writing and from what angle we are drawing the table. The table is not supposed to be wise compared to the capacity and trust which Ethereum has built in the time past. We don't just have to keep comparing because a project is trending than others.

You got it all wrong mate and to be honest I don't even feel like explaining you the difference between SOLand ETH ecosystem, ETH ecosystem is much bigger than SOL and as far as i remember my first entry into ETC was when it was trending at $2 and now look how far it has come? I don't think SOL can ever be as large as ETH and hey ETH has managed so many bear market and during 2018 when there was bloodbath in market including the Bitcoin it was ETH which managed to sustain three more month before getting bearish. ETH is not dying rather it's in accumulation zone.

Ethereum has been a foundational platform in the crypto space, with many dApps and smart contracts built upon its blockchain. This established network effect and developer ecosystem have contributed to its enduring popularity despite its scalability challenges and high gas fees. While projects like Solana offer solutions to some of Ethereum's limitations, its longevity, brand recognition, and developer community still make it an attractive investment for many. The upgrades aim to address its scalability issues and reduce transaction costs.

I completely agree. We heard a similar bullshit in relation to BTC, now apparently the time has come for FUD for ETH. But time will put everything in its place.
In addition to memcoins, Solana, like EVM-compatible chains, can also boast of successful liquid staking and swaps projects, i.e. doesn't offer anything brilliantly new. Although some projects have recently been launched or relaunched on Solana.

Do what seems to be working and better for you. If you are with those projects that are new and you think that you're one of the earliest investors of it then go for it. And let alone those investors that are into the old ones that has already a lot in terms of market cap. We've got different ways of investing in the market and what seems to be working with them, they're just following the technique that they've been used to and that's because there won't be problems with liquidity and such with the existing ones.

Ehh dying? Are you joking? i don't even see ethereum was dying. It's also very close to the new ATH and how can you call it as dying? Solana gone 10x caused by it was also dumped for almost 100% when SBF's case was happening. It's a common thing to see that when market trust it back again then solana was increasing from $10 to the $100.
I think that you are wrong here by calling etehreum is dying right now. The fact that if's different case as ethereum never dumped below 2000, right since the last bullrun? It has proven that how ethereum can maintain the performance from its price since last bullrun.

I believe that you are able to see opportunities in new projects and get them at a low price. But of course that doesn't apply to all ordinary people. Investing in a new project carries huge risks. If you carry out the analysis incorrectly, all the money invested will be lost. Especially if you invest in a scam project, of course it will make you discouraged.

I think Bitcoin and Ethereum are still the best. Investing at a high price does not mean they make small profits and do not grow. For some people, investing with small returns on small risks is better than the risk of losing their assets.

Solana is really popular right now. This is due to its incredible fees and transaction speed. However, that doesn't mean that BTC and ETH are dying because Solana is here. Moreover, the hype that occurred in memes, that also made Solana even more popular. Many people are taking advantage of the hype to profit while they can. In other way, this also happens because people save costs from BTC dan ETH and use Solana as an alternative. And this is on thing that make lift Solana is. But that doesn't mean there won't be improvements to the ETH network. Currently the development of layer 2 token is increasing, and it will become an alternative settlement for ETH problems.

There are several reasons. Ethereum has pioneer bias. Ethereum is one of the most decentralized coin with it's long POW period. There are more programmers knowledgeable about coding smart contracts for Ethereum. Being older and most frequently used, ethereum has lesser chances of encountering new bugs or loopholes. The fee difference between Ethereum and Solana is not as huge as last year. Similarly there are some pushing factors in Solana like decentralization, there had been issues of network shutting down several times in the past. Yet, the pace at which solana is catching up is fast. But as newer L1 competitors come, they are likely to take more of solana's market than that of Ethereum.

The weakness to Solana are DDOS attacks. Michael Saylor likes to call it "cyber hornets". Solana network has gone down for at least 6 hours. Even though it's transaction speed is the best in the world, it's still vulnerable to DDOS attacks.

We don't have to compare Ethereum and Solana, don't you think why Ethereum is ranked top out of all Altcoins is due to the fact it's intrinsic value is worthy to investors to make investment and earn good profit.  Most investors are scared of investing on any new Altcoins due to some security reasons, what's the authenticity of such Altcoins not crashing someday, not neglecting the fact that Ethereum is nearest to Bitcoin very unrealistic to assume Ethereum crashes. And people also prefer Ethereum due to how correlated it is to Bitcoin, as long Bitcoin increases same is applicable to Ethereum.

I think that we have two types of crypto investors, the ones that goes for long term projects that the others that goes for short term projects, so the category that an investor belongs goes a long way to determine the types of cryptos that they invest in, and I think that the OP is all for the short term and quick profits. Ethereum, like Bitcoin, are reputable coins that have proven their trust in the crypto market, so I believe that Ethereum, is still in high demand and relevant despite it's high gas fees because investors trust it like Bitcoin, they can invest in it and go to sleep with their eyes closed, so for it's hodled on the long term, it's price will keep appreciating like Bitcoin. You can't say the same thing for new projects, they can pump 10x or 1000x today and vanish tomorrow to, so it takes an investor that's into high risk taking to invest in them. Solana, is an exception, their team's innovations have positioned them as a top altcoin that you can buy and also sleep well at night.

Well solana is definitely up there in altcoins but we cannot deny that ethereum is the second biggest cryptocurrency after bitcoin for a reason.

Investing in new projects is not that appealing to others because of the risks. Not all of us are trying to make billions here. Even if you invest a quite popular coin already even with small amount you can make profits and that is huge already. We now have more money than we used to have and we can build our portfolio from there.

Some people like something new, but others like assets that are already trusted. Solana is getting tremendous attention right now. Network usage is also increasing. many new tokens are gaining attention because they are so successful.
behind Solana's successful market growth, I think is because of their hard work to provide good solutions that the market needs. Transaction fees are low and it's pretty fast. with the situation of Bitcoin and Ethereum which require expensive transaction fees and are quite busy. The market started to shift due to the need to finally build a trustworthy Solana ecosystem.

Your name show that you are a person that only investing on shit projects like Meme as well as Solana that quickly show huge jump on the price but rapidly die the hype too once scam VC already pullout their investment.

Maybe you didn’t know that Ethereum price start at the very bottom for as low as below 1$ a piece while your freakin Solana is just on 200$ mark ATH and you already assume that it’s better than Ethereum? Ethereum starts the smart contract hype while the other blockchain just copy the idea and create their own version for their blockchain. In crypto, nothing beats the first mover same with Bitcoin and Ethereum. Other blockchain will just hype and die in the long run.

Solana is doing well but it is foolish to assume that Ethereum is dying. Ethereum is far bigger than Solana and its ecosystem is bigger than Ethereum itself. It is because of its ecosystem that Ethereum will not die. The reason why Solana is not trending in the crypto world is due to the meme coins that are in its ecosystem and the way it is going it might get known only for meme coins.

I am trying to understand because I come from a point where I learnt about crypto in 2017. So I did not have a lot of money so I could not just buy 50 Bitcoin (it was $2000 back then). So I keep thinking, what can we do in crypto to not just make the big whales richer?

And I had an idea and I started always looking for small projects that are still new. And I have good success and was able to quit my day job in 2018.

And I never had to work for others anymore in a job I dont like!

But then I visit this forum! And I visit Reddit! And every day people tell me to buy Eth! In 2019 they say buy ETH! In 2020! In 2021! In 2022! In 2023! In 2024. Why? I buy other projects always, small good unique projects and it work out great for me!

I miss out on Solana because I was late but i got into Solana last week and was looking into Memecoins!

But again the same thing! Everyone tell me to buy Bonk and dogwifhat. But why? They are already high. They are not going to go x100. So I look for cheap memecoins and found a few unique, good projects and I already had my first x10 and 2 times x5! Now tell me how can you do this on Ethereum in 2024? Its very high fees. People do not like to use it except maybe if you are trading millions then who cares for fee...

So its making the rich richer. Why people not do it like the first Bitcoin investors? Trust in new projects like Solanaland on Solana. When its still uncertain. When its still early. When it might go 100x or 1000x some day.

Its like people do not get that market cap is important. If you go in projects at $5m you will need to put in thousands so its worth it. While in a $50k market cap project you only need to put in $50 and you will have $5000 when its at $5m. And if it goes to $50m it will be $50k for you.

Is that not better? Trust the early projects that are unique and new, and good instead of going in the projects where the already rich people put in $100k or even $500k or even millions?