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Author Topic: Do you think Solana Network will overtake Ethereum at some point?  (Read 22285 times)

Offline Agbe

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #75 on: August 14, 2024, 09:26:20 PM »
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.

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #75 on: August 14, 2024, 09:26:20 PM »

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #76 on: August 14, 2024, 09:54:18 PM »
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.
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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #76 on: August 14, 2024, 09:54:18 PM »

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Offline erus

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #77 on: August 15, 2024, 05:47:21 AM »
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.
The statement in your thread reply is "time will tell" is that true?

Solana needs time to continue to develop in terms of technology, features or attract all communities to continue to support Solana.
The only obstacle for me is that I have heard that Solana has experienced a death in its blockchain, have you ever heard of that?
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Offline Manna

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #78 on: August 16, 2024, 06:54:42 PM »
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.

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #79 on: August 19, 2024, 04:22:02 PM »
It is absolutely amazing the ways the Solana platform has really transformed in recent times, Kudos to its entire team. Now, many of us may remember that the coinmarketcap ranking is not a fixed position, it can change basically because different networks has different approach towards marketing, promotions; creating awareness and most importantly, consistent upgrades to it features frequently.
Etheruem which has been on the second position on coinmarketcap ranking for many years has been overtaken by XRP some years ago, and its also possible that other projects coins/token even Solana (Sol) can overtake Etheruem in near future.
I think that Solana has the potential to hit the number position, any day.

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #80 on: August 19, 2024, 07:39:13 PM »
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.

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #81 on: August 30, 2024, 07:11:41 PM »
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.
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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #81 on: August 30, 2024, 07:11:41 PM »


Offline rizqillah

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #82 on: September 04, 2024, 08:01:02 AM »
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.

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #83 on: September 04, 2024, 11:27:45 PM »
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.
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.
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Offline debra

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #84 on: September 07, 2024, 11:08:22 PM »
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.


Offline rizqillah

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #85 on: September 08, 2024, 07:53:54 AM »
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.

Offline bitterguy28

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #86 on: September 09, 2024, 09:04:15 AM »
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
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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

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #87 on: September 30, 2024, 04:28:20 PM »
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.
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Offline royalRitta

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #88 on: October 02, 2024, 09:18:45 AM »
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.

Yeah, it's like saying that ETH will overtake BTC at some point in the future ;D Not going to happen.

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Re: Do you think Solana Network will overtake Ethereum at some point?
« Reply #89 on: October 03, 2024, 01:22:44 PM »
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.

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.
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