It is interesting to follow the latest report from VanEck which predicts that Solana could reach a market capitalization of 50% of Ethereum. If the $330 price prediction for SOL comes true, this will certainly be a major development in the crypto world. However, as you mentioned, this report could trigger a negative reaction from the Ethereum community, especially with the always touchy “Ethereum killer” narrative.
Solana is superior in some technical aspects such as transaction speed, lower fees, and a rapidly growing user base, but Ethereum still has a much more mature DeFi and NFT ecosystem. Most likely, this development will create increasingly intense competition between the two, similar to the serial drama that develops during bull markets.
Topic: The Ethereum killer storyline part 2 might be beginning - page 6. (Read 1637 times)
I don't know mate, throughout crypto's supposedly storyline, there are not success so far,
a. There is this thought that Ethereum is the so called Bitcoin killer, as it overtake Bitcoin in early to mid 2018, but that didn't happen, and others dub it "the Flippening"
b. Ripple as well, in the same breathe that time, that it will overtake Bitcoin, "The Rippening" as they dub it.
Both didn't succeed, so I doubt that by 2024, we could be hearing this so called "X" killer mentality, in my opinion. SOL is just hype, just like ADA in 2020 and others who had their chance to challenge Ethereum before.
a. There is this thought that Ethereum is the so called Bitcoin killer, as it overtake Bitcoin in early to mid 2018, but that didn't happen, and others dub it "the Flippening"
b. Ripple as well, in the same breathe that time, that it will overtake Bitcoin, "The Rippening" as they dub it.
Both didn't succeed, so I doubt that by 2024, we could be hearing this so called "X" killer mentality, in my opinion. SOL is just hype, just like ADA in 2020 and others who had their chance to challenge Ethereum before.
It appears that this storyline of Ethereum killers will come very much similar to a Netflix show with different seasons during bull markets hehehehe.
The report is very simple and short, however, the title will be very much disliked by the Ethereum community.
Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent report from VanEck’s Market Vector. The report also projects that Solana’s price may rise to $330, which means an increase of over 50% from its current level.
“Based on third party research, Solana has the potential to reach 50% of Ethereum’s market cap, with predictions placing SOL at a price of USD 330,” the report wrote.
“These forecasts are derived from technical models available on platforms like TradingView, suggesting a possible seismic shift in the cryptocurrency landscape if this market cap increase occurs,”
As detailed, the layer 1 (L1) blockchain outperforms Ethereum in terms of key metrics like transaction capabilities, user base, and transaction fees.
Read in full https://finance.yahoo.com/news/solana-could-hit-50-ethereums-200600304.html
This is the report from VanEck and the source of the article.
https://www.marketvector.com/insights/mvis-onehundred/eth-vs-sol
The report is very simple and short, however, the title will be very much disliked by the Ethereum community.
Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent report from VanEck’s Market Vector. The report also projects that Solana’s price may rise to $330, which means an increase of over 50% from its current level.
“Based on third party research, Solana has the potential to reach 50% of Ethereum’s market cap, with predictions placing SOL at a price of USD 330,” the report wrote.
“These forecasts are derived from technical models available on platforms like TradingView, suggesting a possible seismic shift in the cryptocurrency landscape if this market cap increase occurs,”
As detailed, the layer 1 (L1) blockchain outperforms Ethereum in terms of key metrics like transaction capabilities, user base, and transaction fees.
Read in full https://finance.yahoo.com/news/solana-could-hit-50-ethereums-200600304.html
This is the report from VanEck and the source of the article.
https://www.marketvector.com/insights/mvis-onehundred/eth-vs-sol
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