One nameless crypto investor says Ethereum (ETH) rival Solana (SOL) nonetheless has what it takes to compete with the highest good contract platform.
In a brand new InvestAnswers video replace, the nameless host tells his 444,000 YouTube subscribers that ETH’s market cap is price 40 instances greater than SOL, however wonders if ETH is really 40 instances higher than SOL.
“Ethereum is 40x extra precious than Solana.
The market cap is 40x bigger, and if you happen to embrace all of the layer twos (I obtained Optimism, Matic, Arbitrum, and so forth.) it’s much more. It’s like 50 x bigger. The query is, does all the info make sense?
My take is that my eighth place is 4 instances bigger than my Solana place, and my Bitcoin place is 4 instances bigger than my ETH place. This offers you an concept of how I construction issues.
But when Solana can keep afloat and if there isn’t any SOL killer to return out higher, cheaper, quicker, and scale extra, and have extra DApps (decentralized apps), then primarily based on this information, Ethereum may have a challenger forward…
Simply ask your self, is Ethereum 40x higher as a result of it has 40x the market cap?”
Whereas the analyst nonetheless thinks Ethereum is the good contract of the long run, he nonetheless thinks Solana can carve out its personal area of interest and survive available in the market.
“I believe the long run can be quite simple. You’re going to have a client chain that additionally runs huge companies like inventory exchanges, and so forth. And also you’ll have Ethereum as the large heavy chain that does huge heavy transactions, not not like Bitcoin.
Both means, Solana continues to be there. It’s nonetheless standing.”
ETH is price $1,852 at time of writing whereas SOL is buying and selling for $17.68.
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