Do you think Solana Network will overtake Ethereum at some point?

[debra]

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.

[koang]

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.
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.

[armanda90]

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.
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 has advantage with most cheapest network fees for sending transaction and taken more faster than ethereum network,
but need to see fact about large difference price between Ethereum and Solana make us not sure how possibility Solana will overtake Ethereum.
Ethereum have fluactive network fees and right now got decreasing drastically and I believe many investor take benefit with lower fees transaction of Ethereum never has moment for Solana overtake although have lower fees and get faster transaction.

[NikeFit_7777]

Solana-ETF coming soon?

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

[MrSpasybo]

Solana-ETF coming soon?

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

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.

[Fivestar4everMVP]

Title says it all, lets discuss here together! I am interested in your guys opinions

Sorry, 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.

Look, many people seem to be so obsessed with Solana, and honestly, I don't know why, it's a fast blockchain; yes, transaction fees are low; yes, but is it the only blockchain with this features? No!.

Some time or later in the future, another blockchain is or will definitely come onboard and Solana will surely become a second class blockchain to build on.

Long and short is, Solana is a great blockchain, but it can never flip ethereum in terms of marketcap, not even in this generation or next, except ethereum blockchain dies completely and every one stop using it.

[Mr. Magkaisa]

Title says it all, lets discuss here together! I am interested in your guys opinions

           -    It is obvious that the built community of ETH is still bigger compared to the Solana network. Today, Solana is also one of the potential altcoins in the market that can be said to have the potential to give profit to anyone who will hold it in their wallet.

And I also think that we will get higher earnings in Solana compared to what we will collect in Ethereum, but in Solana, we can get a good profit, so in Solana, the chances are higher, or at least it is compared to ETH, just in my opinion.

[pakhitheboss]

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.

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.

[doc]

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.

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 see

[vegasus]

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 see

For 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.

Oh yeah, if it's related to surpassing ETH, in terms of market cap it seems like it's still a bit difficult, because the difference is still very far. It takes more time to do it. But in terms of technology and development, I think Solana is the one with more significant development and progress.

[erus]

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.

[Asiska02]

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.

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.

[Gurujebs]

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.

[rdluffy]

...
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.

I've won a few airdrops that weren't worth paying the fee to withdraw, because ETH was so expensive 
I've even paid 50 dollars in one transaction (smart contract tx)

The advantage of SOL is that you can make several transactions, get a better position in any DeFi you're participating in and if you need to make any adjustments, it's quick and cheap.
With ETH you need to analyze well so that you don't make mistakes and have to make new transactions, otherwise you could lose a lot of money
As I said earlier, SOL is a good network for new users

[erus]

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.

Just my conclusion because I also noticed that Solana, in addition to the small fee, has a fairly fast transaction speed compared to Ethereum.

If I look at the cryptocurrency community in choosing altcoins, it is:
- cheap fee
- speed
- security

But of the three factors, the most important is "transaction fee", even if the transaction fee increases by 0.5 dollars, it will definitely make the community noisy.