Ethereum’s Whales Make Waves: Will SOL Price Overtake ETH in the Crypto Race? Analysts Pick This Alternative
The post Ethereum’s Whales Make Waves: Will SOL Price Overtake ETH in the Crypto Race? Analysts Pick This Alternative appeared on BitcoinEthereumNews.com.
There has been much speculation in recent months that Solana is going to overtake Ethereum in the smart contract industry. It offers lower fees, faster speeds, and more creative freedom for developers. Solana was also one of the best-performing top tokens of 2023. At present levels, the SOL price would need to 5x to rival ETH in terms of market cap. While Solana and Ethereum battle it out in the smart contract space, a revolutionary presale has been quietly tipped by analysts to 100x or more in 2025. Rollblock aims to revolutionize the $450 billion gambling industry with a new protocol that solves many of the issues associated with traditional casinos. Ethereum Whales Start To Diversify On-chain evidence suggests that ETH whales are looking elsewhere due to sluggish price action. Ethereum is holding out underneath the resistance zone of $4,000, despite Bitcoin’s surge past its ATH to breach $105,000. It is also beset by scalability concerns, high transaction fees, and slow confirmation times. Large-scale institutions and Web3 projects also tend to choose Solana over Ethereum, such as Helium Network Token (DePin) and PowerLedger (renewable energy). While there are many issues that could be contended, the fact is that Solana is cheaper and faster in terms of transactions. Solana is further recognized as the home of newly launched meme tokens, increasing network activity. Will Solana Win Out Against Ethereum? Despite the many advantages of the Solana blockchain over Ethereum and its recent surge in popularity, it can’t currently “take over” from Ethereum. This is due to the power of first-mover activity. Ethereum was the first smart contract network and as such has the greatest number of total value locked (TVL), dApps, and UAWs. It has built up too much momentum and has far more adoption than Solana. This is not easily…
Filed under: News - @ December 17, 2024 11:22 am