Mainly, the gap between the price and the market cap it too high. ETH has a market capitalization of 342 Billion dollars, while Solana is only at 38 Billion. ETH is roughly 9 times bigger than Solana.
I say it's impossible, Solana still needs to improve its technology and popularity in order to surpass ETH. even though cheap gas costs cannot make Solona better than eth in terms of price, where eth's popularity was first known and declared an inseparable pair of bitcoin
Don't underestimate solana project and team, I think Solana has potentially to beat Ethereum at the coming years.Do you understand what kind of capitalization it would take to overtake Ethereum? It's almost impossible. Just because the commissions are high doesn't mean the project is bad. If the ETH-ETF is accepted, it will speak volumes. Don't forget that there are many projects (where commissions are minimal) - at the same time, absolutely no one knows anything about these projects. It doesn't mean that these x-projects will overtake Ethereum because of minimal commissions. The transfer fee, has never been an indicator.
But lest see how can Ethereum team improve their project, gas fee is always being the big problem.
Very nice to see the both on competition. let's see
Yes ,yes solana can overtake Ethereum in nearest future, don't underestimate solana, if ATH improving there technology do you think solana doesn't improve there technology also?I don't think so.solana low gas payment good service and easy transaction.the community now there attention fucos to solana, big positivity can overtake ATHThe comparison is very clear from the trading volume of Ethereum and Solana, Solana clearly has the potential to beat the trading volume of Ethereum, Solana has a project that accepts complaints from users and is immediately handled well so that it will provide a very high satisfaction value . For the future of Ethereum, it seems there is no longer any hope because currently Ethereum is not paid much attention by developers anymore.
Title says it all, lets discuss here together! I am interested in your guys opinionsThe way the Solana platform is progressing and gaining popularity with people, it seems that at some point it will come close to the Ethereum platform and the BNB platform. But it should also be kept in mind that Ethereum is only after Bitcoin and any other platform will take that place, but Ethereum will never allow it. Because Ethereum will always want to stay behind Bitcoin, if necessary increase their popularity and try to stay on top by leaving all platforms behind. But from my point of view I would say Solana will never overtake Ethereum.
Title says it all, lets discuss here together! I am interested in your guys opinionswhile I wanted to believe it will happen yet I thing there are no big room for that to happen at least for now or the coming years, maybe we are here to listen in the sentiment of the people and the market.
Solana will always be behind Etherum, because after bitcoin is Etherum. There have been the approval of bitcoin ETF, and the approval of Etherum ETF is next, which I don't know if it would be lunched in July. The moment Etherum ETF is lunched, it is finished for the hope of Solana taking over Etherum. This is because a lot of people will deviate to Etherum since it has a low marketcap than Bitcoin and the price is very cheap, this would boost Etherum. Don't you think so.Yes ,yes solana can overtake Ethereum in nearest future, don't underestimate solana, if ATH improving there technology do you think solana doesn't improve there technology also?I don't think so.solana low gas payment good service and easy transaction.the community now there attention fucos to solana, big positivity can overtake ATHThe comparison is very clear from the trading volume of Ethereum and Solana, Solana clearly has the potential to beat the trading volume of Ethereum, Solana has a project that accepts complaints from users and is immediately handled well so that it will provide a very high satisfaction value . For the future of Ethereum, it seems there is no longer any hope because currently Ethereum is not paid much attention by developers anymore.
while I wanted to believe it will happen yet I thing there are no big room for that to happen at least for now or the coming years, maybe we are here to listen in the sentiment of the people and the market.Currently, Ethereum still has many fans, but as time progresses, when Ethereum cannot solve the various problems it is experiencing, it will make users turn away from Etheruem and prefer to use other networks.
ethereum is still in demand and correct there are so much to expect from this both coins but the popularity of ethereum is still there.
Title says it all, lets discuss here together! I am interested in your guys opinions
Any unstable asset (not like everyone else) cannot be better than others, even if it is growing very well and this means that it will not be able to overtake Ethereum, not in popularity or in price, especially in order to overtake in price it is necessary to do the impossible, we see how it is falling after the previous growth, not one reasonable investor will wait for tens of thousands of percent; everyone will take profits after receiving several hundred percent.I'm not sure about that, especially when we don't specify the time frame in which the profit is determined. New projects find it very difficult to compete with ETH in terms of capitalization, but they can completely generate more profit than ETH.
Title says it all, lets discuss here together! I am interested in your guys opinionsAt some points?
At some points?From here we know that Solana's development is very consistent and always tries to provide the best. So far it seems that only Solana has been able to compete with many of the top coins and now has high volume to the point where it is in the top five of coinmarketcap.
Probably. This thread has been since 2023, and now it is in 2024. So far, Solana is really great and experiencing significant progress in project development. Because Solana not only focuses on blockchain but also several other products in their Dapps. And Solana also has several things that are even more interesting, such as high speed but very low fees for transactions. So, just relax.
Title says it all, lets discuss here together! I am interested in your guys opinions
Solana is a project that is still just developing so there are still many challenges and there is still a lot of journey that they have to go through, therefore Solana must continue to be fully supported. We can still get a lot of profit from Solana's price movements which are currently developing and many tokens have been created on the Solana network.Title says it all, lets discuss here together! I am interested in your guys opinions
- It doesn't mean that Solana is showing good development in the market today; it is showing that it can surpass what Ethereum has reached now, mate.
That's not the case. Yes, it's true that the fee for ETH is high, but aren't you surprised that ETH still remains at the top among all the cryptocurrency?
That means it has what Solana doesn't have, and so does Sol, right? So I think Solana has a long way to go before this happens, in my opinion.
Title says it all, lets discuss here together! I am interested in your guys opinions
Title says it all, lets discuss here together! I am interested in your guys opinionsOvertake in terms of what?
At some points?From here we know that Solana's development is very consistent and always tries to provide the best. So far it seems that only Solana has been able to compete with many of the top coins and now has high volume to the point where it is in the top five of coinmarketcap.
Probably. This thread has been since 2023, and now it is in 2024. So far, Solana is really great and experiencing significant progress in project development. Because Solana not only focuses on blockchain but also several other products in their Dapps. And Solana also has several things that are even more interesting, such as high speed but very low fees for transactions. So, just relax.
The priority innovation in the Solana network so far that I know is that they remain focused on creating products that have very fast transactions with very cheap transaction fees, even cheaper than the BSC network.Title says it all, lets discuss here together! I am interested in your guys opinions
- Honestly, I don't think about that; what matters to me is that I get a profit under the Solana Network. Then, if Solana's price value is ranging for sure, at the same time, she also rises Ethereum's price Value, literally speaking.
Now, when it comes to innovation, all I can say is that they have the same innovation made for the new development of their token over time.
Title says it all, lets discuss here together! I am interested in your guys opinionsSolana might overtake Ethereum one day, but it's not guaranteed. Solana's scalability and low fees give it an edge, but Ethereum on the other hand has a huge community and is constantly improving. In the end, whichever platform keeps innovating and attracting more users and developers could come out on top. Only time will tell which one wins the race.
It may be possible becasue the SOL network fee is very low but the ETH network fee is high and that is not good. Now this time so many projects are go to the SOL and also on the BNB network because the ETH network fee is high and all these networks are secure and good. SOL network is a good network and in future it will get more good projects.The current Ethereum network still has quite high transaction costs and the cost of creating new tokens is quite expensive. Therefore, Ethereum is used for those who have well-developed products that will be valuable. Meanwhile, when new projects enter the Solana network, many of them end up being scams because on the Solana network the transaction fees are all very cheap.
It may be possible becasue the SOL network fee is very low but the ETH network fee is high and that is not good. Now this time so many projects are go to the SOL and also on the BNB network because the ETH network fee is high and all these networks are secure and good. SOL network is a good network and in future it will get more good projects.Solana's advantages in speed and transaction fees have made it the preferred platform for memecoins and NFTs in recent times. I think this is just the beginning and in the future Solana can become the blockchain for common P2P and P2B transactions, while Ethereum can be used for more important purposes such as tokenizing large assets and B2B payments. Solana's only problem is POH stability, Solana really needs to improve this to continue to exist and compete with many other blockchains besides Ethereum, such as Avalanche and Ton with speed of ~100k tps.
Check Ethereum transaction fees - https://etherscan.io/gastrackerIt may be possible becasue the SOL network fee is very low but the ETH network fee is high and that is not good. Now this time so many projects are go to the SOL and also on the BNB network because the ETH network fee is high and all these networks are secure and good. SOL network is a good network and in future it will get more good projects.The current Ethereum network still has quite high transaction costs and the cost of creating new tokens is quite expensive. Therefore, Ethereum is used for those who have well-developed products that will be valuable. Meanwhile, when new projects enter the Solana network, many of them end up being scams because on the Solana network the transaction fees are all very cheap.
That's right, as you said, Ethereum fees are currently quite cheap and we can take advantage of these cheap Ethereum fees to carry out transactions on Ethereum. It is normal that when token creation and transaction costs are quite cheap, scammers will take advantage of it.Check Ethereum transaction fees - https://etherscan.io/gastrackerIt may be possible becasue the SOL network fee is very low but the ETH network fee is high and that is not good. Now this time so many projects are go to the SOL and also on the BNB network because the ETH network fee is high and all these networks are secure and good. SOL network is a good network and in future it will get more good projects.The current Ethereum network still has quite high transaction costs and the cost of creating new tokens is quite expensive. Therefore, Ethereum is used for those who have well-developed products that will be valuable. Meanwhile, when new projects enter the Solana network, many of them end up being scams because on the Solana network the transaction fees are all very cheap.
I think with the current gwei it's still quite cheap compared to the previous high.
Remember that Solana is not an Ethereum killer by any means, they may say Solana has a cheap network but behind it all are a lot of scammers making token plans that will rugpull later which in the end becomes a scam.
But ETH will not be able to be overtaken because MC is too big and far different from Solana.
For a long time we have seen a lot of fraud on the Binance smart chain and several networks with cheap gas fees, which is normal. Because the fraudster also sees the biggest possibility he can do. Tehreum's gas fee has decreased, hopefully this is not a problem of decreased traffic but the impact of improvements made by the developer teamThat's right, as you said, Ethereum fees are currently quite cheap and we can take advantage of these cheap Ethereum fees to carry out transactions on Ethereum. It is normal that when token creation and transaction costs are quite cheap, scammers will take advantage of it.Check Ethereum transaction fees - https://etherscan.io/gastrackerIt may be possible becasue the SOL network fee is very low but the ETH network fee is high and that is not good. Now this time so many projects are go to the SOL and also on the BNB network because the ETH network fee is high and all these networks are secure and good. SOL network is a good network and in future it will get more good projects.The current Ethereum network still has quite high transaction costs and the cost of creating new tokens is quite expensive. Therefore, Ethereum is used for those who have well-developed products that will be valuable. Meanwhile, when new projects enter the Solana network, many of them end up being scams because on the Solana network the transaction fees are all very cheap.
I think with the current gwei it's still quite cheap compared to the previous high.
Remember that Solana is not an Ethereum killer by any means, they may say Solana has a cheap network but behind it all are a lot of scammers making token plans that will rugpull later which in the end becomes a scam.
But ETH will not be able to be overtaken because MC is too big and far different from Solana.
For a long time we have seen a lot of fraud on the Binance smart chain and several networks with cheap gas fees, which is normal. Because the fraudster also sees the biggest possibility he can do. Tehreum's gas fee has decreased, hopefully this is not a problem of decreased traffic but the impact of improvements made by the developer teamThe Binance Smart Chain chain and several networks that have cheap transaction fees and cheap token creation fees also have a lot of scams. Currently, the most common are Binance Smart Chain and Solana. Even though many are scams, we can still use some of them to make a profit.
SOL network may beat ETH network for chip transaction fees but sol will never beat ETH in terms of coin value popularity. ETH is a very old coin and it is the first altcoin. And ETH's market cap is $450 billion and SOL's is only $80 billion. So how does SOL compare to ETH? Yes SOL has a lot of features in their chain sol has gained a lot of popularity due to its very low transaction fees but that doesn't mean that sol can overtake ETHFor a long time we have seen a lot of fraud on the Binance smart chain and several networks with cheap gas fees, which is normal. Because the fraudster also sees the biggest possibility he can do. Tehreum's gas fee has decreased, hopefully this is not a problem of decreased traffic but the impact of improvements made by the developer teamThe Binance Smart Chain chain and several networks that have cheap transaction fees and cheap token creation fees also have a lot of scams. Currently, the most common are Binance Smart Chain and Solana. Even though many are scams, we can still use some of them to make a profit.
Looking at past, I'd say no. Solana despite being cheap is not a dependeble network, it has had frequent outages. How many ethereum had? As far as In know — none (Though, when ethereum gas fee reaches 200 gwei, it's as good as an outage :P).Solana often experiences network outages for hours this results in many transactions being choked up, I don't know what happened to Solana so often experiencing it how the developers are they not so able to optimize better than other networks.
You know if Solana were to go down one time, it's understandable but if it keeps failing again and again, there is something wrong.
I looked at their uptime status website, and within the past 6-9 months, it only happened once in February of 2024, and it lasted for 4 hours.Looking at past, I'd say no. Solana despite being cheap is not a dependeble network, it has had frequent outages. How many ethereum had? As far as In know — none (Though, when ethereum gas fee reaches 200 gwei, it's as good as an outage :P).Solana often experiences network outages for hours this results in many transactions being choked up, I don't know what happened to Solana so often experiencing it how the developers are they not so able to optimize better than other networks.
You know if Solana were to go down one time, it's understandable but if it keeps failing again and again, there is something wrong.
But behind many failures there is also a lot of support from the community to stay loyal to this coin and even memes can explode again on the solana network which may be due to lower fees than ethereum which is so expensive.
We know many new and successful projects with large funding choose the solana network over the Ethereum network.
I don't know if this will happen, but I saw on Twitter regarding Solana being the next ETF that will get accepted after Ethereum. I see this totally absurd, but is there a chance for it to happen?Where does that rumor come from? I think it's still too early for any new ETF even if some companies plan to introduce it to the public. Isn't Solana closely related to FTX going bankrupt too? While network stability has improved I'm pretty sure the SEC or anyone in charge can argue that introducing an ETF with such history needs more time. I honestly think it's better for the dev to focus on improving stability instead of trying to hit new ATH by fueling rumors because when the bear wakes up their reputation will take a huge hit. CMIIW.
I say it's impossible, Solana still needs to improve its technology and popularity in order to surpass ETH. even though cheap gas costs cannot make Solona better than eth in terms of price, where eth's popularity was first known and declared an inseparable pair of bitcoin
If we talk about technology, I think solana is better than Ethereum.
But Ethereum is more popular, it's too far.
For the next few years , I don't believe solana will overtake Ethereum.
I think it will eventually as the Ethereum fees are too high and Solana are working on other solutions. I think they are more progressive in their thinking than Ethereum. I have an IT background and Ethereum just feels dated. I think there's a v2 in the pipeline but not sure if its going to replace or run alongside the regular Ethereum. Its not very clear, correct me if I am wrong please!
Do you think Solana Network will overtake Ethereum at some point?We don't know it. I think Ethereum is still better now. But Solana network is getting popular, it may be more popular than Ethereum network someday but there is no guarantee for this.
That's right, as you said, Ethereum fees are currently quite cheap and we can take advantage of these cheap Ethereum fees to carry out transactions on Ethereum. It is normal that when token creation and transaction costs are quite cheap, scammers will take advantage of it.Quite cheap? I don't think so. If we compare to other networks, Ethereum fee is still expensive. I don't know how Vitalik Buterin will solve this. So far, I don't see a significant progress from Ethereum team in solving high transfer fees. Ethereum will have more and more competitors, they must decrease the fees if they want to survive as the best platform.
I am not following up the two projects to know if they are doing well or not. All the two were having network issues and I don't know for now and if Ethereum is still having it network congestion and Solana is free from it and the price is moving up very well then Solana will challenge Ethereum in the future although the price difference is very big but that is not withstanding because of the demand and supply of Solana is more than Ethereum then within a month Solana will surpassed Ethereum.It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.
I am not following up the two projects to know if they are doing well or not. All the two were having network issues and I don't know for now and if Ethereum is still having it network congestion and Solana is free from it and the price is moving up very well then Solana will challenge Ethereum in the future although the price difference is very big but that is not withstanding because of the demand and supply of Solana is more than Ethereum then within a month Solana will surpassed Ethereum.It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.
It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.That your bolded phrase confused me because the last time when I checked Ethereum was $3,387 while Solana was $137,93 so when i saw the was took i thought solana has already taken over Ethereum but it is not yet. And probably it is a typos. But we have to remove the most popular because of the uses of Solana is high then Solana will surpass Ethereum with ease. But the gap Ethereum gives Solana is very big so it is not easy for Solana to surpass Ethereum.
Title says it all, lets discuss here together! I am interested in your guys opinionsInitially I thought that Solana would overtake Ethereum, but now I think not. Ethereum is too strong to beat even though many people complain about the high transaction fees on Ethereum. If you compare it with Solana, it really isn't comparable.
Solana is still far from outperforming Ethereum and there are even statements that Solana is the killer of Ethereum but it turns out that not from market capitalists alone it is far different so for me at any time Solan will not come close to ETH in the near or distant future.It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.That your bolded phrase confused me because the last time when I checked Ethereum was $3,387 while Solana was $137,93 so when i saw the was took i thought solana has already taken over Ethereum but it is not yet. And probably it is a typos. But we have to remove the most popular because of the uses of Solana is high then Solana will surpass Ethereum with ease. But the gap Ethereum gives Solana is very big so it is not easy for Solana to surpass Ethereum.
Solana is still far from outperforming Ethereum and there are even statements that Solana is the killer of Ethereum but it turns out that not from market capitalists alone it is far different so for me at any time Solan will not come close to ETH in the near or distant future.Solana has nothing to do with Ethereum because they are not in the same lane. Those they are all following the price movement of bitcoin but Solana Young in price than Ethereum. Ethereum this days is not reducing like before again after the approval of the Ethereum ETF though according to news the spot ETF of Ethereum has not been implemented. And if they implement it then the price will increase and the investors will make more gains and for now the investors are waiting for the implementation to kick start.
BNB also has the same opportunity as Solana to compete there.BNB can complete very well if Binance keeps its reputation high because if any action is taken against Binance or its CEO then it could impact BNB very adversely. I still believe that Solana will win the battle against BNB but it will take Solana decade to overtake Ethereum or that won't happen at all ever.
I say it's impossible, Solana still needs to improve its technology and popularity in order to surpass ETH. even though cheap gas costs cannot make Solona better than eth in terms of price, where eth's popularity was first known and declared an inseparable pair of bitcoin
If we talk about technology, I think solana is better than Ethereum.
But Ethereum is more popular, it's too far.
For the next few years , I don't believe solana will overtake Ethereum.
It's too early for any of us to start now to think that Solana will surpass the queen of crypto(ethereum) because of its increase in price since the start of this year. However, before we think of that, let's first compare both market capitalizations. Ethereum has a market capitalization of $393 billion and $82 billion.It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.That your bolded phrase confused me because the last time when I checked Ethereum was $3,387 while Solana was $137,93 so when i saw the was took i thought solana has already taken over Ethereum but it is not yet. And probably it is a typos. But we have to remove the most popular because of the uses of Solana is high then Solana will surpass Ethereum with ease. But the gap Ethereum gives Solana is very big so it is not easy for Solana to surpass Ethereum.
I think solana and BNB still need some time to compete with ethereum in the future, because ethereum's market cap is already too big so it needs solana to be its competitor to be able to approach ethereum. Maybe in 5 years it can happen if solana's popularity will continue to increase because we know the ethereum community is quite large.It's too early for any of us to start now to think that Solana will surpass the queen of crypto(ethereum) because of its increase in price since the start of this year. However, before we think of that, let's first compare both market capitalizations. Ethereum has a market capitalization of $393 billion and $82 billion.It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.That your bolded phrase confused me because the last time when I checked Ethereum was $3,387 while Solana was $137,93 so when i saw the was took i thought solana has already taken over Ethereum but it is not yet. And probably it is a typos. But we have to remove the most popular because of the uses of Solana is high then Solana will surpass Ethereum with ease. But the gap Ethereum gives Solana is very big so it is not easy for Solana to surpass Ethereum.
For Solana to give a high market capitalization compared to Ethereum, I don't how long all that we take. It can take up to 10 years above, and Ethereum in the same vein, wouldn't remain with the same market capitalization without having an increased one "market capitalization" together
I think solana and BNB still need some time to compete with ethereum in the future, because ethereum's market cap is already too big so it needs solana to be its competitor to be able to approach ethereum. Maybe in 5 years it can happen if solana's popularity will continue to increase because we know the ethereum community is quite large.Yes and one thing I know in the cryptocurrency market is that, when bitcoin price increased and decreased it affects all the altcoins and when Ethereum decreased, it does not affect Solana and BNB. So if they can increasing very well within a month, they can surpass Ethereum but that should be a dream for now. The gap as I said earlier is very much for those guys to reach Ethereum in anytime time soon.
It's a long way for Solana and BNB to rival ETH and even BNB mimics ETH in concept from the address to the explorer.I think solana and BNB still need some time to compete with ethereum in the future, because ethereum's market cap is already too big so it needs solana to be its competitor to be able to approach ethereum. Maybe in 5 years it can happen if solana's popularity will continue to increase because we know the ethereum community is quite large.Yes and one thing I know in the cryptocurrency market is that, when bitcoin price increased and decreased it affects all the altcoins and when Ethereum decreased, it does not affect Solana and BNB. So if they can increasing very well within a month, they can surpass Ethereum but that should be a dream for now. The gap as I said earlier is very much for those guys to reach Ethereum in anytime time soon.
It's a long way for Solana and BNB to rival ETH and even BNB mimics ETH in concept from the address to the explorer.
I wouldn't think that Solana and BNB can surpass it in 10 years it's too difficult because the Ethereum community is already too big and altcoin capitalists are only at Ethereum at most.
I'm not saying Ethereum can surpass bitcoin, because I'm not sure how long it will take for ETH to unseat bitcoin for first place.It's a long way for Solana and BNB to rival ETH and even BNB mimics ETH in concept from the address to the explorer.
I wouldn't think that Solana and BNB can surpass it in 10 years it's too difficult because the Ethereum community is already too big and altcoin capitalists are only at Ethereum at most.
It's going to take a lot of hardwork and community support for ethereum to supas Bitcoin, the same way it's going to be for Solana and BNB to flip ethereum. It's not going to be an easy task but you need to also understand that Ethereum whales are the same people that own large chunks of solan. I can't say we'll enough for bnb since the token is a centralized utility exchange and these people wouldn't allow another coin to destroy their wealth one day. Solana going above ethereum means some people are going to sell their ethereum to buy Solana as the new coin in town.
It's going to take a lot of hardwork and community support for ethereum to supas Bitcoin,i don't think it's gonna happen anytime soon or just anytime in general Bitcoin is too far ahead of bitcoin the only way ethereum can surpass Bitcoin is if Bitcoin was in a downward spiral and Ethereum be in an upward one which is unlikely because the performance of one coin is usually relative to the performance of another
Solana going above ethereum means some people are going to sell their ethereum to buy Solana as the new coin in town.Solana isn't quite so new and i also don't think it's all just about the hype since it has been established well these past few months and has solidified their community
It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.If you mean to surpass Ethereum market cap, it is very difficult to happen. But if you mean to beat the popularity of Ethereum chain, I think Solana already did it. People prefer to choose Solana because the transfer fee is cheaper. It is a bit different with Ethereum which has a high transfer fee. BNB chain is also cheaper than Ethereum, but I see Solana is more popular during this year. Solana showed great progress in this year, this will be a very strong chain. If Solana team continues to develop it, Solana is possible to overtake Ethereum someday.
It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.If you mean to surpass Ethereum market cap, it is very difficult to happen. But if you mean to beat the popularity of Ethereum chain, I think Solana already did it. People prefer to choose Solana because the transfer fee is cheaper. It is a bit different with Ethereum which has a high transfer fee. BNB chain is also cheaper than Ethereum, but I see Solana is more popular during this year. Solana showed great progress in this year, this will be a very strong chain. If Solana team continues to develop it, Solana is possible to overtake Ethereum someday.
After all these years it’s much easier to spot quality, thrilled by the steady flow of high-quality new founders building on Solana and the flow is steady, independent of market conditions, funding environment, hype, seasonality, or funding.Solana has advantage with most cheapest network fees for sending transaction and taken more faster than ethereum network,
Focusing on user experience is what takes Solana to the next level. It’s all about making things fast, easy, and enjoyable.
Despite all the controversy, eventually, perhaps in the next cycle, it will happen.
Solana-ETF coming soon?Nice news for SOL, but unfortunately, Brazil is not a large economy, and crypto-related activities in this country do not have much impact on investor sentiment. I doubt the success of the SOL Spot ETF in Brazil, and if it fails, it could be negative news for the SOL price.
Brazil will launch a Solana ETF on the local stock exchange - it is the first product of its kind in Brazil and one of the first Solana-based exchange-traded products (ETPs) in the world.
P.S. This could be a nice boost for the token. Anyone invest + believe in the growth of sol?
Source link: https://www.coindesk.com/policy/2024/08/08/brazils-securities-and-exchange-commission-approves-solana-based-etf
Title says it all, lets discuss here together! I am interested in your guys opinionsSorry, but never bud, never at any time will Solana overtake ethereum, if this ever happens, then it's also possible that Solana may one day flip bitcoin over as well.
Title says it all, lets discuss here together! I am interested in your guys opinions
Nice news for SOL, but unfortunately, Brazil is not a large economy, and crypto-related activities in this country do not have much impact on investor sentiment. I doubt the success of the SOL Spot ETF in Brazil, and if it fails, it could be negative news for the SOL price.
Crypto Spot ETFs in the US have a significant impact because the US crypto market has high liquidity and the US stock market has an enormous amount of capital flow. A SOL spot ETF was once proposed in the US, but we have not had any positive updates on this financial instrument.
We only see ETFs that have successfully raised prices to ATH are bitcoin ETFs. We have not seen the success of ethereum ETFs, for solana I can't say yet because the SEC has not discussed this either. For me solana is a potential coin, but will it work if there is a solana ETF? lets seeNice news for SOL, but unfortunately, Brazil is not a large economy, and crypto-related activities in this country do not have much impact on investor sentiment. I doubt the success of the SOL Spot ETF in Brazil, and if it fails, it could be negative news for the SOL price.
Crypto Spot ETFs in the US have a significant impact because the US crypto market has high liquidity and the US stock market has an enormous amount of capital flow. A SOL spot ETF was once proposed in the US, but we have not had any positive updates on this financial instrument.
You are right there will not be any impact with this ETF in the global market. Unless the SEC approves the Solana ETF it won't be beneficial for SOL holders. I do not think such a decision will be taken by the SEC this year as elections are scheduled by the end of this year in the US. Moreover, the Ethereum ETF is not that beneficial so I doubt those companies planning to apply for Solana ETF will take any chance now.
We only see ETFs that have successfully raised prices to ATH are bitcoin ETFs. We have not seen the success of ethereum ETFs, for solana I can't say yet because the SEC has not discussed this either. For me solana is a potential coin, but will it work if there is a solana ETF? lets seeFor Solana ETF, it might not happen anytime soon, Ethereum got it after years of existence in the crypto world. However, if Solana can really survive and grow rapidly and consistently even in the bearish era later, and still survive like Ethereum, then it is possible that there will be, it's just that the time may still be quite long.
I am not following up the two projects to know if they are doing well or not. All the two were having network issues and I don't know for now and if Ethereum is still having it network congestion and Solana is free from it and the price is moving up very well then Solana will challenge Ethereum in the future although the price difference is very big but that is not withstanding because of the demand and supply of Solana is more than Ethereum then within a month Solana will surpassed Ethereum.It took a long time for Solana to surpass Ethereum, because Ethereum is the most popular altcoin and it took time for Solana to overtake Ethereum. Anything could happen in the future, but not in the near future. BNB also has the same opportunity as Solana to compete there.
Solana has a different blockchain and Solana if you look at it has a fairly cheap transaction fee from Ethereum but if Solana is at 3000 Dollars, will Solana's fee be cheap too?
The same point for the community is the transaction fee which is so noticed because each transaction is its characteristic if the coin's blockchain is alive.
If transaction fees are expensive = blockchain is stuck = if it is stuck = dead.
...
Unlike Ethereum that even when the price was cheaper, the transaction was very expensive. There was a time paying gas fee was so expensive on ethereum chain that you can't even execute a single smart contract transaction. Some transactions on ethereum requires fees that is even expensive than the token you are selling.
Just my conclusion because I also noticed that Solana, in addition to the small fee, has a fairly fast transaction speed compared to Ethereum.Solana has a different blockchain and Solana if you look at it has a fairly cheap transaction fee from Ethereum but if Solana is at 3000 Dollars, will Solana's fee be cheap too?
The same point for the community is the transaction fee which is so noticed because each transaction is its characteristic if the coin's blockchain is alive.
If transaction fees are expensive = blockchain is stuck = if it is stuck = dead.
The transaction capacity of Solana network is independent of how expensive the tokens are. When you make transaction on Solana, the figures are in some decimal and if Solana price ever get $3k, I'm sure it wouldn't be that expensive as dev will make it cheaper because that's their main goal, to make transaction cheaper and friendly for everyone using the network.
Unlike Ethereum that even when the price was cheaper, the transaction was very expensive. There was a time paying gas fee was so expensive on ethereum chain that you can't even execute a single smart contract transaction. Some transactions on ethereum requires fees that is even expensive than the token you are selling.
All my time in cryptocurrency, I have never fancied ethereum before and I am a more of Solana lover than Ethereum. I just don’t have that vibe towards it even though it’s doing very well in price than Solana. Back then, projects that have to do with Ethereum are sidelined because of their high gas fees to claim and people mostly go for the ones with little or no gas fees. Solana is also doing well in their prices, but overtaking Ethereum is not what I’m sure of to happen anytime soon. But I’ll still prefer to trade more on Solana than Ethereum and about overtaking Ethereum network, it’s just a matter of time before that happens because more people are concentrated more on Solana network than they do to Ethereum network.I don't know if really the developers of Ethereum understand cryptocurrency market. Though I am not a developer but I can observe from afar. As a business you most make sure that your customers are satisfied. And you don't have to use high gas fee to pursue them. When bitcoin network was congested and the gas fee was high which was caused by the ordinals and they deal with the ordinals and the network gas fee is vet low now. Yesterday I even use 3 sat/vb to make transaction with $0.083 or there about. I have used TOn and it is tested and trusted foe now. But some exchanges are taken advance of the network to change customers. Like kucoin. They were not charging anything before but now they charge $1 foe each transaction.
Solana has a different blockchain and Solana if you look at it has a fairly cheap transaction fee from Ethereum but if Solana is at 3000 Dollars, will Solana's fee be cheap too?
The same point for the community is the transaction fee which is so noticed because each transaction is its characteristic if the coin's blockchain is alive.
If transaction fees are expensive = blockchain is stuck = if it is stuck = dead.
The statement in your thread reply is "time will tell" is that true?Solana has a different blockchain and Solana if you look at it has a fairly cheap transaction fee from Ethereum but if Solana is at 3000 Dollars, will Solana's fee be cheap too?
The same point for the community is the transaction fee which is so noticed because each transaction is its characteristic if the coin's blockchain is alive.
If transaction fees are expensive = blockchain is stuck = if it is stuck = dead.
Hmm clear and simple words, I kind of like the way you've expressed your view, but for sure we need to understand that in terms of capitalization and in term of ecosystem SOL need time but in terms of chain development SOL is way better than ETH, SOL is actively adopting new technologies and integrating new features, Sooner or later for sure SOL is gonna be a dominant asset in term of class as we classify BTC and ETH as dominant entities.
Indeed solana is a good coin solana technology is sweet and best it is very easy and very smooth to use it has high speed transaction with low cost transaction fee this is good for all users we can easily use all solona based Dexs but it will not overtake the ETH because ETH is going to the surge upgrade..Your comment highlights the technological advantages of Solana quite well. Solana has become a really strong option with its high speed, smooth user experience, and low transaction fees, especially for new users. It has become a platform where developers can easily build DEX (Decentralized Exchange) and other applications, and users can easily take advantage of it. However, you are absolutely right that Ethereum (ETH) is still playing a major role and Especially after the Ethereum 2.0 surge upgrade, it can become even more powerful. Surge upgrades will play an important role in improving the scalability, security, and stability of the Ethereum network, which will help maintain its dominance.
Compare coins very important coins in the cryptocurrency world. Compared to Ethereum, it is much more fun to use. Gas fees are much lower than eth, and because of this, people enjoy using this coin over eth and do transactions from here. But in the future ethwill not be able to go beyond solana as it is being upgraded.The Ethereum team has made improvements to its project so that the current Ethereum gas fee is low. Solana is known for its low gas fee but we know there are still obstacles when traffic is very high so we should wait a few years to see the competition between the two.
Solana this year has no more congestion during high traffic, that's what I see. So it seems like the Solana team has resolved the problem that occurred last year when there was congestion. Ethereum dev has also resolved the gas fee problem because Ethereum gas fees are also low now, so actually both coins are no longer problematic. The problem is because the crypto market is bearish and the price of bitcoin seems to have difficulty rising.Compare coins very important coins in the cryptocurrency world. Compared to Ethereum, it is much more fun to use. Gas fees are much lower than eth, and because of this, people enjoy using this coin over eth and do transactions from here. But in the future ethwill not be able to go beyond solana as it is being upgraded.The Ethereum team has made improvements to its project so that the current Ethereum gas fee is low. Solana is known for its low gas fee but we know there are still obstacles when traffic is very high so we should wait a few years to see the competition between the two.
Every developer team will definitely try to solve the problems faced by their project, be it ethereum or solana team. So we as investors can study the development of each coin that we have in our wallet, it seems that solanan and ethereum will experience a high price increase next year.Solana this year has no more congestion during high traffic, that's what I see. So it seems like the Solana team has resolved the problem that occurred last year when there was congestion. Ethereum dev has also resolved the gas fee problem because Ethereum gas fees are also low now, so actually both coins are no longer problematic. The problem is because the crypto market is bearish and the price of bitcoin seems to have difficulty rising.Compare coins very important coins in the cryptocurrency world. Compared to Ethereum, it is much more fun to use. Gas fees are much lower than eth, and because of this, people enjoy using this coin over eth and do transactions from here. But in the future ethwill not be able to go beyond solana as it is being upgraded.The Ethereum team has made improvements to its project so that the current Ethereum gas fee is low. Solana is known for its low gas fee but we know there are still obstacles when traffic is very high so we should wait a few years to see the competition between the two.
The Ethereum team has made improvements to its project so that the current Ethereum gas fee is low. Solana is known for its low gas fee but we know there are still obstacles when traffic is very high so we should wait a few years to see the competition between the two.Yes. The current transfer fees of Ethereum isn't as high as in the previous years. It looks like the transfer fees problem has been fixed already. So, it is not so different with the fees of Solana anymore. In this condition, people must prefer to choose Ethereum over Solana. However, it doesn't mean Solana won't have future, I see many people trust in Solana. But if Solana to compete with Ethereum, I think Solana needs to develop more. There is still a big gap between Solana and Ethereum if we compare their market caps. Even Solana is quite popular, it is still not in the same level as Ethereum.
Solana team still needs a lot of improvement if they want to compete with ethereum, because ethereum's popularity is far above solana. And we know that ethereum's gas fee is now cheap and can compete with solana, so the possibility of beating ethereum is still far from hope. Ethereum will still be the king of altcoins with its smart contract that has been used by many projects.The Ethereum team has made improvements to its project so that the current Ethereum gas fee is low. Solana is known for its low gas fee but we know there are still obstacles when traffic is very high so we should wait a few years to see the competition between the two.Yes. The current transfer fees of Ethereum isn't as high as in the previous years. It looks like the transfer fees problem has been fixed already. So, it is not so different with the fees of Solana anymore. In this condition, people must prefer to choose Ethereum over Solana. However, it doesn't mean Solana won't have future, I see many people trust in Solana. But if Solana to compete with Ethereum, I think Solana needs to develop more. There is still a big gap between Solana and Ethereum if we compare their market caps. Even Solana is quite popular, it is still not in the same level as Ethereum.
Solana team still needs a lot of improvement if they want to compete with ethereum, because ethereum's popularity is far above solana. And we know that ethereum's gas fee is now cheap and can compete with solana, so the possibility of beating ethereum is still far from hope.not to mention that ethereum now has etf and solana doesn’t seem to have any soon so that is still one more advantage of ethereum than solana and can make sure that it stays ahead of solana
Ethereum will still be the king of altcoins with its smart contract that has been used by many projects.i would say solana’s blockchain being used by most memecoins can be one of its advantages over ethereum since many recognize solana due to many projects out there while solana seems to have great potential it still has a long way to go to catch up on to ethereum
When I was present at the altcoinstalks forum, I kept watching the movement and price of the Ethereum coin and there wasn't much information provided by Ethereum. I also kept watching the Solana coin and also didn't see any good information for the Solana coin.
In fact, I noticed that the prices of these two coins, Ethereum and Solana, followed the price of Bitcoin simultaneously. If OP wants Solana to overtake Ethereum, it seems very unlikely at this time because the Solana coin tends to follow the prices of Bitcoin and Ethereum.
If Solana continues to perform well in the development it is doing on their platform, it is not unlikely that the price it has now will increase in the future in the market we are experiencing now. And it is also undeniable that SOL is also one of the good crypto assets to hold in the long term.I also hope that there will always be improvements from the Solana project to stay in the top 5 coins and I always observe the movement of the price of Solana in the market because I use this coin for my trading, Solana is a potential coin and I am sure the Has will be high next year
And even in the short term, it's okay because it can also provide a nice profit in day trading if we have a broad understanding of the trading activity that we will actually do.
I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
ETH is the bigger brother of all alts simply because it's one of the first big alts on the market - it has its ups, and downs, just like SOL - they are different and they shouldn't charge to "surpass" each other - two are going after their own goals and two have their personal problems to solve on their appropriate chains.
I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
ETH is the bigger brother of all alts simply because it's one of the first big alts on the market - it has its ups, and downs, just like SOL - they are different and they shouldn't charge to "surpass" each other - two are going after their own goals and two have their personal problems to solve on their appropriate chains.
Honestly, I don’t care who will dominate, whether SOL will overtake Ethereum or not.
Both projects have proven themselves as networks that are consistent in development and continue to survive even in the most difficult times.
Everyone is free to use the network they like, with their own considerations.
When it comes to investment, the choice between the two depends on the investor’s risk tolerance and their view on the development of blockchain technology.
Although Ethereum is a big brother coin, I once read a thread on altcoinstalks that Ethereum has a problem if its network is down, then the fee price is very expensive. This is what makes it a serious problem for Ethereum because the transaction fee can exceed 50 dollars. As for Solana, I have never heard or read that the transaction fee reaches 50 dollars, maybe there are other more complicated problems with the Solana coin besides the transaction fee.I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
ETH is the bigger brother of all alts simply because it's one of the first big alts on the market - it has its ups, and downs, just like SOL - they are different and they shouldn't charge to "surpass" each other - two are going after their own goals and two have their personal problems to solve on their appropriate chains.
Although Ethereum is a big brother coin, I once read a thread on altcoinstalks that Ethereum has a problem if its network is down, then the fee price is very expensive. This is what makes it a serious problem for Ethereum because the transaction fee can exceed 50 dollars. As for Solana, I have never heard or read that the transaction fee reaches 50 dollars, maybe there are other more complicated problems with the Solana coin besides the transaction fee.I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
ETH is the bigger brother of all alts simply because it's one of the first big alts on the market - it has its ups, and downs, just like SOL - they are different and they shouldn't charge to "surpass" each other - two are going after their own goals and two have their personal problems to solve on their appropriate chains.
Well we can't tell the future so we can't say for certain if solana will overtake Ethereum but one is foe certain judging by the current market price and movement I highly doubt solana will overtake Ethereum
Solana had a chain outage that caused it to go down.Although Ethereum is a big brother coin, I once read a thread on altcoinstalks that Ethereum has a problem if its network is down, then the fee price is very expensive. This is what makes it a serious problem for Ethereum because the transaction fee can exceed 50 dollars. As for Solana, I have never heard or read that the transaction fee reaches 50 dollars, maybe there are other more complicated problems with the Solana coin besides the transaction fee.I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
ETH is the bigger brother of all alts simply because it's one of the first big alts on the market - it has its ups, and downs, just like SOL - they are different and they shouldn't charge to "surpass" each other - two are going after their own goals and two have their personal problems to solve on their appropriate chains.
There are outages on the chain sometimes on SOL, however, I heard that the situation has become better in that department.
And ETH solves its problem of fees with vibrant L2's, though the main chain still remains what it is currently.
There are outages on the chain sometimes on SOL, however, I heard that the situation has become better in that department.
And ETH solves its problem of fees with vibrant L2's, though the main chain still remains what it is currently.
There are outages on the chain sometimes on SOL, however, I heard that the situation has become better in that department.
And ETH solves its problem of fees with vibrant L2's, though the main chain still remains what it is currently.
The last incident was in February
(https://i.ibb.co/n7s12wK/SOLANA.png) (https://ibb.co/6HRthyq)
Source (https://status.solana.com/history?page=3)
Network are good right now without any major incident. In my opinion you really need to worry if you have some DeFi positions that can be liquidated in a outage
I think solana has a lot of potential, it might not be now but I’m sure that with continuous development in the system and if more projects continue to utilize them they’ll surely get to the level of Ethereum and even if they don’t surpass them they’ll still be very close to them in the ecosystem.I agree with this. Actually, the Solana network's project development progress is very good. Even some of its products and features are actually more advanced and more complex than Ethereum. Solana is not only about the network, but there are also several utilities and products. That's why Solana can adapt faster and compete more closely with several top coins. Until finally it can take over their position and pass them very quickly.
There is a need for three or four networks say :I just assume for now or the near future that Solana has not been able to overtake Ethereum for the classic reason of the community. The first time I learned about cryptocurrency was learning to create a wallet from Ethereum and Bitcoin, not creating a wallet from Solana, Tron or whatever. With the creation of a wallet at the beginning, it was also seen that the Ethereum coin has a lot of supporters when compared to Solana.
ETH is the bigger brother of all alts simply because it's one of the first big alts on the market - it has its ups, and downs, just like SOL - they are different and they shouldn't charge to "surpass" each other - two are going after their own goals and two have their personal problems to solve on their appropriate chains.
Honestly, I don’t care who will dominate, whether SOL will overtake Ethereum or not.
Both projects have proven themselves as networks that are consistent in development and continue to survive even in the most difficult times.
Everyone is free to use the network they like, with their own considerations.
When it comes to investment, the choice between the two depends on the investor’s risk tolerance and their view on the development of blockchain technology.
~ ~ ~There is a need for three or four networks say :
Solana
Ton
Eth
having all three helps to diverge attacks. The resources needed to attack are expensive and if one is down or slow due to dust attacks you can use the others.
So as long as they continue onwards and we have three or more of this type of coin it is healthier then just Eth alone.
The progress of the development of the solana project is indeed better than ethereum, solana is a new network that has shown good progress and is starting to be popular and can compete with BNB, but solana's popularity has not been able to compete with ethereum's popularity, I think it will still take a few years for solana to compete with ethereum. For now, the solana team should start focusing on beating BNB first because binance also has a good and popular team and project.I think solana has a lot of potential, it might not be now but I’m sure that with continuous development in the system and if more projects continue to utilize them they’ll surely get to the level of Ethereum and even if they don’t surpass them they’ll still be very close to them in the ecosystem.I agree with this. Actually, the Solana network's project development progress is very good. Even some of its products and features are actually more advanced and more complex than Ethereum. Solana is not only about the network, but there are also several utilities and products. That's why Solana can adapt faster and compete more closely with several top coins. Until finally it can take over their position and pass them very quickly.
It's just that when compared to Ethereum, the market is still much smaller, so Solana still needs more time to convince more investors and increase its market cap. For now, the target is BNB first, but yes, BNB also has good progress, especially Binance's which is now a top exchange and business in crypto.
Both have their own blockchain network, and both have the capability to generate utility coins using their network. They also have the same potential in the long-term holdings. Now, when it comes to stability, they are different, although they can be said to be stable crypto assets in this field of the crypto space.
That's why Ethereum is more established compared to Solana in terms of community and experience in this field. Now, if we talk about which of these two you will get more earnings, that depends on you, but if you ask me, you will get more profit in Solana compared to Ethereum.
Both have their own blockchain network, and both have the capability to generate utility coins using their network. They also have the same potential in the long-term holdings. Now, when it comes to stability, they are different, although they can be said to be stable crypto assets in this field of the crypto space.The truth is both are actually nice and ok networks just as good as both networks may seem to different crypto enthusiasts, same way they have their flaws and advantages over each other. If I'm to talk about flaw I think one flaw that I see mainly on the Ethereum network is the problem of infinite supply and I have often said that it actually contributes to the reason why it seems Ethereum is quite struggling to create a a new ATH.
The progress of the development of the solana project is indeed better than ethereum, solana is a new network that has shown good progress and is starting to be popular and can compete with BNB, but solana's popularity has not been able to compete with ethereum's popularity, I think it will still take a few years for solana to compete with ethereum. For now, the solana team should start focusing on beating BNB first because binance also has a good and popular team and project.Solana has a bigger progress because there are many new projects using the network of Solana. It is different with Ethereum, it is getting rarely new projects using Etheruem network. I think it is because the fees on Ethereum network is expensive. This makes Solana to be more popular in this year. However if we compare which one is better, I think Ethereum is still better. So, Solana just overtakes the popularity in this year but it doesn't overtake the quality of the network itself.
Both have their own blockchain network, and both have the capability to generate utility coins using their network. They also have the same potential in the long-term holdings. Now, when it comes to stability, they are different, although they can be said to be stable crypto assets in this field of the crypto space.We know that solana and ethereum is also best profitable crypto in cryptocurrency market. So i think that you could express a best comment in your post. We also know that ethereum is one of the best valuable crypto in cryptocurrency world. We also believe that gradually it’s price will increase day by day. But if we follow in solana we saw that solana price is down then ethereum. I think that gradually solana price will increase. But i don’t thing easily solana price could be overtake ethereum.
That's why Ethereum is more established compared to Solana in terms of community and experience in this field. Now, if we talk about which of these two you will get more earnings, that depends on you, but if you ask me, you will get more profit in Solana compared to Ethereum.
I also think so Ethereum, Solana, BNB and TON are potential coins to hold right now. Although some people doubt Ethereum because it seems to be struggling right now, I am sure Ethereum will have good progress next year and will likely touch a new ATH.Both have their own blockchain network, and both have the capability to generate utility coins using their network. They also have the same potential in the long-term holdings. Now, when it comes to stability, they are different, although they can be said to be stable crypto assets in this field of the crypto space.We know that solana and ethereum is also best profitable crypto in cryptocurrency market. So i think that you could express a best comment in your post. We also know that ethereum is one of the best valuable crypto in cryptocurrency world. We also believe that gradually it’s price will increase day by day. But if we follow in solana we saw that solana price is down then ethereum. I think that gradually solana price will increase. But i don’t thing easily solana price could be overtake ethereum.
That's why Ethereum is more established compared to Solana in terms of community and experience in this field. Now, if we talk about which of these two you will get more earnings, that depends on you, but if you ask me, you will get more profit in Solana compared to Ethereum.
The project is definitely good but needs more time to compete with Binance and Ethereum projects. New projects are constantly being created in the crypto market, which is why investors do not always have an eye on a particular project. The recent rise of the Solna project seems to have stalled due to the recent hype over the Telegram-based project Ton Network, but the project certainly has the potential to compete with Binance and Ethereum in the long run.The progress of the development of the solana project is indeed better than ethereum, solana is a new network that has shown good progress and is starting to be popular and can compete with BNB, but solana's popularity has not been able to compete with ethereum's popularity, I think it will still take a few years for solana to compete with ethereum. For now, the solana team should start focusing on beating BNB first because binance also has a good and popular team and project.I think solana has a lot of potential, it might not be now but I’m sure that with continuous development in the system and if more projects continue to utilize them they’ll surely get to the level of Ethereum and even if they don’t surpass them they’ll still be very close to them in the ecosystem.I agree with this. Actually, the Solana network's project development progress is very good. Even some of its products and features are actually more advanced and more complex than Ethereum. Solana is not only about the network, but there are also several utilities and products. That's why Solana can adapt faster and compete more closely with several top coins. Until finally it can take over their position and pass them very quickly.
It's just that when compared to Ethereum, the market is still much smaller, so Solana still needs more time to convince more investors and increase its market cap. For now, the target is BNB first, but yes, BNB also has good progress, especially Binance's which is now a top exchange and business in crypto.
TON is more popular at this time because many Airdrop's participation participated in the airdrop event, the last time we were with minigaments on the telegram.
The project is definitely good but needs more time to compete with Binance and Ethereum projects. New projects are constantly being created in the crypto market, which is why investors do not always have an eye on a particular project. The recent rise of the Solna project seems to have stalled due to the recent hype over the Telegram-based project Ton Network, but the project certainly has the potential to compete with Binance and Ethereum in the long run.
We know that Solna Project charges a very small commission fee for minting NFT tokens and we can say it is perfect for such projects.
Moreover, Solna is able to complete its transaction process in a very quick time. Solna is capable of completing (TPS) 710000 transection simultaneously. In the future Solna will be more influential than projects like BNB and Ethereum.
Take a look at this guys, very interesting:Could it be the effect of the memecoins on the Solana network?
(https://i.ibb.co/c3ZFP4L/sol.png) (https://imgbb.com/)
Source (https://x.com/SolanaFloor/status/1850476446646513976)
SOL generated more fees than ETH :o :o :o
Take a look at this guys, very interesting:Could it be the effect of the memecoins on the Solana network?
(https://i.ibb.co/c3ZFP4L/sol.png) (https://imgbb.com/)
Source (https://x.com/SolanaFloor/status/1850476446646513976)
SOL generated more fees than ETH :o :o :o
Because recently a lot of meme coins exploded on solana some influencers revealed a lot of things about memecoin there even though I'm not interested at all.
Even though ETH fees are cheaper now, Solana is still the cheapest.
Both have their own blockchain network, and both have the capability to generate utility coins using their network. They also have the same potential in the long-term holdings. Now, when it comes to stability, they are different, although they can be said to be stable crypto assets in this field of the crypto space.Yes, but why for now various new projects will much prefer the Solana blockchain over Ethereum because there are indeed several reasons:
That's why Ethereum is more established compared to Solana in terms of community and experience in this field. Now, if we talk about which of these two you will get more earnings, that depends on you, but if you ask me, you will get more profit in Solana compared to Ethereum.
Take a look at this guys, very interesting:Could it be the effect of the memecoins on the Solana network?
(https://i.ibb.co/c3ZFP4L/sol.png) (https://imgbb.com/)
Source (https://x.com/SolanaFloor/status/1850476446646513976)
SOL generated more fees than ETH :o :o :o
Because recently a lot of meme coins exploded on solana some influencers revealed a lot of things about memecoin there even though I'm not interested at all.
Even though ETH fees are cheaper now, Solana is still the cheapest.
If they don't change anything in ETH, then it's quite possible. At least, I hope for a nice competition.Well it's possible because Ethereum seems to be actually underperforming as a result of a couple of factors including supply and hype. For some reason the Ethereum hype seems to be fading off gradually probably because it's performing less than investors expected. Solana is still in its prime if you ask me and it actually depends on how long it would last.
The question is, is it really necessary to fight Solana and Ethereum op? I don't think it's necessary, because if Solana ever overtakes ETH, will you make a lot of money when this happens? If they can both provide good profits in the future, it's good for us to just buy both of them if they can both help us, right?It's a good idea instead of discussing the comparison of solana and ethereum, we should have both and if one day one beats the other we can profit from that competition. In my wallet I already have these two coins solana and ethereum and we will see their competition next year.
There are many top altcoins in this field that can actually provide us with profits, as long as we are vigilant and research as a holder and investor, that's all op.
Even if solana would beat Ethereum in the crypto space generally, it still has a pretty much long way to go. Even as of now solana's price is still less than 10% of ETH's price and that sends the message of a pretty wide gap between them.Yes, it is still quite difficult for Solana to overtake Ethereum. even its position is now being overtaken by BNB again. Solana's market cap is still not that stable and is still far from Ethereum. if the use of its network is indeed for now Solana is much more hype and successful, yes because of its progress and development. but when talking about market cap =, it still takes a longer time to be able to overtake.
Yes, it is still quite difficult for Solana to overtake Ethereum. even its position is now being overtaken by BNB again. Solana's market cap is still not that stable and is still far from Ethereum. if the use of its network is indeed for now Solana is much more hype and successful, yes because of its progress and development. but when talking about market cap =, it still takes a longer time to be able to overtake.Although Sol is faster and cheaper than Eth, the story of market capitalization is not simply based on technology. ETH is chosen by large investors, and the Eth blockchain is trusted by large organizations, something that Sol cannot achieve at present or in the short term.
Although Sol is faster and cheaper than Eth, the story of market capitalization is not simply based on technology. ETH is chosen by large investors, and the Eth blockchain is trusted by large organizations, something that Sol cannot achieve at present or in the short term.Yes, ETH has a big community, it has big number of investors. It is a bit difficult for any crypto coin to overtake them. I also don't see that SOL will overtake the market cap of ETH in the near future. It should take the time even if SOL can overtake ETH. Unfortunately, it seems very hard to compete with ETH. Even BNB can't overtake ETH, now it is quite doubtful that SOL will overtake ETH. ETH is still the best altcoin and have the most crucial role.
It will take a long time for solana to overtake ethereum, because the ethereum community is very large and many bear investors still hold a large amount of ethereum.Although Sol is faster and cheaper than Eth, the story of market capitalization is not simply based on technology. ETH is chosen by large investors, and the Eth blockchain is trusted by large organizations, something that Sol cannot achieve at present or in the short term.Yes, ETH has a big community, it has big number of investors. It is a bit difficult for any crypto coin to overtake them. I also don't see that SOL will overtake the market cap of ETH in the near future. It should take the time even if SOL can overtake ETH. Unfortunately, it seems very hard to compete with ETH. Even BNB can't overtake ETH, now it is quite doubtful that SOL will overtake ETH. ETH is still the best altcoin and have the most crucial role.
Solana proof of history increases scalability and transaction speed by providing a verifiable timestamp for poh transactions, allowing verifiers to process them in parallel rather than sequentially. Moreover, the solona translation fees are very low so most people now want to continue with solona network. Whereas ethereum network fees are very high due to which it is now being avoided by investors. Especially all the new projects are related to solona and ton network. The Solana blockchain is designed to support smart contracts and decentralized apps in particular. A large number of concurrent transactions contributed to several outages of the solana blockchain.Yes, The trading in the cryptocurrencies should not be viewed as gambling, it requires mature strategies, proper knowledge of trends, and good management of emotional states. This is due to the fact that high volatility is dominant in this type of market and entry and exit times are critical to the profitability of any trade. Professional actively follow trends and act according to tendencies, besides they take into consideration Technical and Fundamental analysis. These are multiple factors which may include the following; Greed and fear are some of the mental states which are fallacies in most cases they lead to hasty decisions the end result being that you will be a loser. However, when properly managed, trading in cryptocurrencies can be profitable provided there is the right approach and discipline needed in trading.
Mainly, the gap between the price and the market cap it too high. ETH has a market capitalization of 342 Billion dollars, while Solana is only at 38 Billion. ETH is roughly 9 times bigger than Solana.
You're right, Ethereum is bigger than solana, but don't forget Ethereum is old coin.
There is many time for solana to improve their progress and projects.
Many people said Solana will overtake Ethereum at the coming future if Ethereum team can't solve their gas problem.
Let's see ...time will tell
ETH is truly an old coin but has been working tirelessly to keep up with the competitive crypto industry. Just as it is said, Solana has one big edge ahead of ETH, which is their low/friendly transaction fee which is a point of attraction to all crypto enthusiast. If ETH would see to fix this problem, then they will still be at the top of Altcoins chain. ETH has held the 2nd position in the crypto market for a long and convincing time, and I'm sure they are not ready to give it up.
The market is encompassed with competitions, so anything is bound to happen.
It is undeniable that the movement of Ethereum prices can be said to be quite slow. In fact, before ETH managed to rise drastically, then this coin fell again.ETH is truly an old coin but has been working tirelessly to keep up with the competitive crypto industry. Just as it is said, Solana has one big edge ahead of ETH, which is their low/friendly transaction fee which is a point of attraction to all crypto enthusiast. If ETH would see to fix this problem, then they will still be at the top of Altcoins chain. ETH has held the 2nd position in the crypto market for a long and convincing time, and I'm sure they are not ready to give it up.
The market is encompassed with competitions, so anything is bound to happen.
Overall, ETH has been very weak lately, especially when BTC corrects.
As for fees, it's worth noting that right now, the fee on the ETH network is only 2 gwei. This is low, but as a rule, it's a temporary phenomenon, and even in such periods, the swap fee is around $1.5, and selling NFTs is around $2.6. In other words, even with a 2 gwei fee, ETH remains uncompetitive compared to Solana.
Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assetsIt is undeniable that the movement of Ethereum prices can be said to be quite slow. In fact, before ETH managed to rise drastically, then this coin fell again.ETH is truly an old coin but has been working tirelessly to keep up with the competitive crypto industry. Just as it is said, Solana has one big edge ahead of ETH, which is their low/friendly transaction fee which is a point of attraction to all crypto enthusiast. If ETH would see to fix this problem, then they will still be at the top of Altcoins chain. ETH has held the 2nd position in the crypto market for a long and convincing time, and I'm sure they are not ready to give it up.
The market is encompassed with competitions, so anything is bound to happen.
Overall, ETH has been very weak lately, especially when BTC corrects.
As for fees, it's worth noting that right now, the fee on the ETH network is only 2 gwei. This is low, but as a rule, it's a temporary phenomenon, and even in such periods, the swap fee is around $1.5, and selling NFTs is around $2.6. In other words, even with a 2 gwei fee, ETH remains uncompetitive compared to Solana.
Have you seen how the price of ETH has been lately? It's really worrying. In the last 7 days, the price has dropped more than 5%. and now, the value is only in the range of $1.7k - $1.8k. This is quite reasonable because the price of BTC is also dropping.
Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Yes, it is possible that SOL will surpass ETH in time but we do not know when this will happen because as you said, ETH has already made a good name in the eyes of many while SOL is still in the process of being on that. Only meme tokens are strengthening SOL, so if the time comes when meme tokens weaken because there are really many losers due to scam projects, it is possible that it will collapse. And besides, the marketcap gap between ETH and SOL is very wide now, there are many more coins that it should surpass first before ETH.Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Over the years, ETH has made its name to the masses and public, and has gained mass adoption, SOL is working on gaining that mass adoption and popularity as well, in a matter of time though, if ETH doesn't work on their transaction fee issues, that might be a chance for SOL to come drag for some space that is already occupied.
This is a down trend in the crypto market for the past three months of the year, and this has affected not only ETH or SOL, but the entire crypto industry. So, let's wait and see how the market will be after this continuous down trend. Both coins have good networks in the community, the only difference is their price and ranking in CMC.
Yes, it is possible that SOL will surpass ETH in time but we do not know when this will happen because as you said, ETH has already made a good name in the eyes of many while SOL is still in the process of being on that. Only meme tokens are strengthening SOL, so if the time comes when meme tokens weaken because there are really many losers due to scam projects, it is possible that it will collapse. And besides, the marketcap gap between ETH and SOL is very wide now, there are many more coins that it should surpass first before ETH.Agree. Solana has the chance to overtake Ethereum but we don't know when it is. Solana is getting popular, there are many projects that choose Solana network. Most of the projects are meme coin projects, the meme coins are very popular in the current cycle. But there are too many scam meme coins, so people may feel afraid of Solana network. But in the future, maybe there are more fundamental projects in Solana networks.
Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Over the years, ETH has made its name to the masses and public, and has gained mass adoption, SOL is working on gaining that mass adoption and popularity as well, in a matter of time though, if ETH doesn't work on their transaction fee issues, that might be a chance for SOL to come drag for some space that is already occupied.
This is a down trend in the crypto market for the past three months of the year, and this has affected not only ETH or SOL, but the entire crypto industry. So, let's wait and see how the market will be after this continuous down trend. Both coins have good networks in the community, the only difference is their price and ranking in CMC.
Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Over the years, ETH has made its name to the masses and public, and has gained mass adoption, SOL is working on gaining that mass adoption and popularity as well, in a matter of time though, if ETH doesn't work on their transaction fee issues, that might be a chance for SOL to come drag for some space that is already occupied.
This is a down trend in the crypto market for the past three months of the year, and this has affected not only ETH or SOL, but the entire crypto industry. So, let's wait and see how the market will be after this continuous down trend. Both coins have good networks in the community, the only difference is their price and ranking in CMC.
- I think the situation of SOL now is like the situation of ETH during 2016-2017, now let's assume that if it is 100% sure that it will surpass the price of Ethereum in these times, maybe I will convert my other assets immediately to SOL then hold immediately always.
But since ethereum is volatile, it is difficult to determine and so is Solana at this time. Therefore, in my conclusion I am not sure if in this season of bull run Solana will overtake ethereum, maybe it can happen but not at this time.
even though ethereum seems to be struggling this year, ethereum is still widely owned by large investors. so I think this year solana can't overtake ethereum,Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Over the years, ETH has made its name to the masses and public, and has gained mass adoption, SOL is working on gaining that mass adoption and popularity as well, in a matter of time though, if ETH doesn't work on their transaction fee issues, that might be a chance for SOL to come drag for some space that is already occupied.
This is a down trend in the crypto market for the past three months of the year, and this has affected not only ETH or SOL, but the entire crypto industry. So, let's wait and see how the market will be after this continuous down trend. Both coins have good networks in the community, the only difference is their price and ranking in CMC.
- I think the situation of SOL now is like the situation of ETH during 2016-2017, now let's assume that if it is 100% sure that it will surpass the price of Ethereum in these times, maybe I will convert my other assets immediately to SOL then hold immediately always.
But since ethereum is volatile, it is difficult to determine and so is Solana at this time. Therefore, in my conclusion I am not sure if in this season of bull run Solana will overtake ethereum, maybe it can happen but not at this time.
even though ethereum seems to be struggling this year, ethereum is still widely owned by large investors. so I think this year solana can't overtake ethereum,Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Over the years, ETH has made its name to the masses and public, and has gained mass adoption, SOL is working on gaining that mass adoption and popularity as well, in a matter of time though, if ETH doesn't work on their transaction fee issues, that might be a chance for SOL to come drag for some space that is already occupied.
This is a down trend in the crypto market for the past three months of the year, and this has affected not only ETH or SOL, but the entire crypto industry. So, let's wait and see how the market will be after this continuous down trend. Both coins have good networks in the community, the only difference is their price and ranking in CMC.
- I think the situation of SOL now is like the situation of ETH during 2016-2017, now let's assume that if it is 100% sure that it will surpass the price of Ethereum in these times, maybe I will convert my other assets immediately to SOL then hold immediately always.
But since ethereum is volatile, it is difficult to determine and so is Solana at this time. Therefore, in my conclusion I am not sure if in this season of bull run Solana will overtake ethereum, maybe it can happen but not at this time.
Maybe in the next few years, that could happen.
because it seems that solana is showing good movement and is in great demand by investors, especially for coins.