The post Will Solana Surpass Ethereum This Cycle? appeared on BitcoinEthereumNews.com.

Raoul Pal, a prominent macroeconomic expert and CEO of Real Vision, has shared insights suggesting that Solana (SOL) may outperform Ethereum (ETH) during the current market cycle. Pal has also highlighted another new player in the layer-1 sector, positioned within the top 20 by market capitalization, that could surpass both Solana and Bitcoin (BTC). How Are Market Prices Reacting? This week, Solana’s price surged by 21%, reaching $205, while Ethereum increased by 16% to $2,949. Bitcoin saw a 9% rise, hitting $76,304, and SUI also recorded a 17% jump, reaching $2.32. Can Ethereum Outpace Bitcoin? Pal believes Ethereum is poised to outstrip Bitcoin this cycle due to a significant shift in the crypto market towards higher risk appetite. He anticipates a more favorable regulatory climate for cryptocurrencies with Donald Trump’s potential return as U.S. president. Pal posits that Ethereum’s growth over Solana can be attributed to the improved regulatory landscape that fosters the growth of decentralized finance (DeFi) tokens, which can also appeal to traditional finance sectors. Emerging regulations may lead to yield-generating tokens in DeFi, enhancing network value. Increased adoption of established chains in traditional finance could further stimulate market growth. The insights from Pal emphasize the intricate dynamics of competition among layer-1 chains and the regulatory environment, which are crucial factors driving the trajectory of cryptocurrency adoption and market behavior. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/will-solana-surpass-ethereum-this-cycle

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Filed under: News - @ November 10, 2024 1:12 am