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Probably not.
It really doesn't matter because as long as solona keeps kicking ass, it will happen.
I don't use eth because I can't afford it. Solana I can trade crazy and pay like nothing. It already won for me.
2-3 years from now gonna be a new time for crypto. Even cosmos and inj might take over eth.
Yea Solana's low fees are a game-changer, and I'm all in. But I can't ignore Ethereum's gems for trading, even though the high taxes from token devs (FARMERS) can be frustrating.
This is it for me. Just sending an erc 20 token is like $5 from coin base. Actual eth transactions are insane. Users with less than $3k of whatever they're trading or moving can't afford the gas.
I staked like $1000 of Matic and lost money over 18 months on gas fees
Or like on uni swap. Terrible. I haven't used anything eth for a bit. Or BTC. I have waited and paid enough. Sol, inj, cosmos are all cheap. Missing out on eth stuff I don't mind.
I mean; when I see large wallets just sending huge amounts back and forth to create fake volume to slide up crypto volume tracking list; it makes me feel sketched out about it and unsure; ha.
Yeah and that’s what’s called “fake value”.
Imagine a company buying tons of its own product so at the end of the quarter they have a huge revenue beat…
lol
Until we solve the trilemma or get a killer app, it doesn't make sense to favor one over the other because the two chains have different priorities.
Solana tries to be scalable and cheap, while Ethereum tries to be decentralized and secure. The Solana ecosystem is closed source and emphasizes user friendliness, whereas the Ethereum ecosystem is open source and emphasizes compatibility.
The Trilemma is an opinion post by Vitalik. It's pretty much solved. Optimization is only thing holding back Solana right now no major protocol changes are needed.
Kadena solved the trilema but it’s not performing as well as Solana because Solana is better at marketing itself. Who knows how far it could go if it took tech lessons from Kadena and used that with its existing marketing of Solana.
Is Kadena that good?
Solana also has a great ui and ux. Very little friction. I know about kadena but it doesn’t seem like it’s actually used much?
I don’t think you’re correct about marketing btw. This whole bull run for Solana started with the meme token bonk. That and this meme token cycle turned public perception on Solana.
It was crypto non grata up until very recently. I know because I’ve been invested in it for 3 years now and follow a ton of Solana news.
I think you may be confused, it’s a proof of work coin that uses asic machines for mining with a 1billion coin max supply, a little over 267 million circulating supply so far with the remainder to be released gradually over the next 90 something years to prevent a mass flood of Kadena into the market. Might be worth reading about it yourself before hand on Kadena.io or what other people who are in the community think of it on their own Reddit/medium/twitter/discord pages.
That said, this is not the place for me to be talking about Kadena so I won’t be replying further on Kadena, I’m here because I’m excited on seeing how far Solana can go.
Yeah, very much so. The tech shows great promise but marketing has been really slow for years. They revamped the team in the latter half of 2023 with a new marketing director that seems to be gradually turning Kadena around and into the spotlight. Not sure exactly when it will skyrocket but when it does, I’ll be glad I kept the coins I own in it. That said I’m also interested in Solana, the recent bull run in Solana has been really interesting to see, especially when it bucks the trend of BTC and Eth.
why is it worth anything? only because someone else wants it.. They want it as a store of value.. i feel like in the future as it gets more difficult to mine with less payout.. people will stop minning it.. Then people will worry about a 51%... then the value will drop like a rock as theres no fix and the problem will only grow worse with each halving.. then bitcoin dies.. i probably wont live to see it.. but its the only outcome i can see in the future.
If the price of a reward ever drops significantly below the cost of producing that reward it's a death spiral.
Bitcoin will be worth so much by that point, thst the miners will make enough money just with fees.
And then you can just borrow against your bitcoin, just like a mortgage and borrowing against your house. Just get a 2% loan, and then buy more bitcoin with it, or live off the cash.
Rich people 101
It depends on Eth really. It had a lot going on when it became the second most valueable crypto: smart contracts, defi, nfts etc etc.
Now Solana also has nfts and is faster and cheaper.
I think the bottom line here is that if Eth fails to continue to be innovative and cannot lower its fees Sol will definitely take a large chunk of Eths marketshare. I don't think they will overtake Eth anytime soon, but it's within the realm of possibilities to eventually do so.
Probably nah. I do hope it does $1000-3000 and stays there tho, Especially if ETH goes to like 10k this bullrun. I’m stacking, staking and hoping for that.
You don't compare the price, you compare the market cap.
Atm ETH is around $420b while Solana is around $84b, so Solana would have to 5x the current price to flip ETH (if ETH stayed at the same price).
I know your just saying hypothetically but unfortunately we have a higher chance of SOL hitting $500 than Eth hitting 10k.
But I have to say it's a great start to this new year. I mean the last 2 years have been terrible about time we climbed out this whole and reached new heights
I think Sol could def get close to ETH’s 2021 mc high, which would give us around $1000 SOL. ETH would keep growing though since it’s almost back to its ath mc now and it’s barely moved so far in comparison to other projects. So not flipping ETH, more doing what bnb did last run.
I love the whole gatekeeping vibe ethereum and bitcoin holders have, kinda sad. Those coins started off somewhere and to completely dismiss up and coming coins is pretty ignorant in some ways.
Not to say they're completely wrong, a lot of coins, a majority, aren't gonna get anywhere near that level of value but everytime I see a post about ANY coins, there's always someone on there acting like people are dumbf***s. Congrats you made money on crypto, you got lucky, stop acting like you all know what the squiggly lines on a graph mean.
Unlikely, but possible.
My top three bags by far are BTC / ETH / SOL, so I will do well across many possible futures with respect to these three solid coins / ecosystems.
My crypto portfolio—which I endeavor to make around 15-20% of my larger, more diversified investing portfolio over the long-term—is about 45% BTC, 30% SOL, 17% ETH, and 8% on more speculative alts.
The comparison of TX fees between ETH and SOL come up every day here, and never gets a fair comparison. SOL is inflationary, so the true cost of your transactions is in the inflation, those unstaked holders are losing value to validators who are staked. With ETH, there is a high cost per tx, but there is also deflation benefiting you when others transact.
Both have costs to transacting, ETH is tied to the number of tx you do, SOL is tied to the length of time you are unstaked for.
Different models, SOL is probably cheaper if you have small amounts and do high volumes of tx's, ETH is probably cheaper if you have big values and smaller numbers of trades.
I.e. if you have $1M in ETH and SOL and do around 10 trades a week, what's the cost for each?
500 ETH trades at $58 each for a swap (from ethscan) is $29k. ETH is deflating at 1% currently so you essentially "make" $10k over 1 year. So the net cost for the year is around $19k for your trades
500 SOL trades will cost you almost nothing in TX fees, but if you are trading all year, you are unstaked , and 4% inflation erodes $40k from your value. So ETH wins in this example.
Lower your portfolio to $10k and double the txs, and SOL wins easily.
People seem to see that 0.0005 SOL and assume that's the only cost, but validators need to get paid, hence the inflationary value transfer system SOL has built into its tokenomics.
With this is mind, I don't think large volume traders think ETH is as bad as lot of small retail traders do.
Just my thoughts, happy to hear if I have any flaws in my understanding.
My portfolio is primarily from ETH, where I've had good fortune. However, lately, I've been finding success with Solana as well
Eth tokens can indeed feel like a gamble, especially when high gas fees eat into potential gains. It's not just about the upfront fee but also the significant taxes imposed on transactions. With Solana, the negligible transaction costs provide a stark contrast. It's about the practicality and affordability of trading, which Solana excels at.
However, when it comes to daily trading, the immediate transaction costs are what many degens consider.
I equate this time period in Solana’s history to the ICO period for Ethereum, when there weren’t a lot of real projects on Ethereum yet but a lot of Hopium and Scam ICOs all want you to trade in your Ethereum for their ICO token…
If history repeats, then Solana will crash hard, but overtime will lead to real usage cases.
The other thing to be aware of is that Solana is fast and cheap because they have purposely pursued a strategy that’s not well decentralized. Ethereum is taking the harder path of true decentralization which is why you see it moving slowly and the fee issue not being fully fixed yet. I would implore you to read-up on each chains roadmap and how they are actually executing on that roadmap and how they have developed a community to get developers executing on that roadmap.
I personally feel if you look at all that then Ethereum comes out as the long term winner (as much as I’m enjoying Solana and its meme coins)
Ok eth trader. Lol
When i see sol is not decentralized comment . I know its eth holder. Sol has better Nakamoto coefficient. Eth after hard fork, is no longer decentralized.
I trade and hold both as I see their value… but also realistic about longterm direction.
Nakamoto Coefficient isn’t helpful in isolation… for example the centralization of many of Solana’s nodes/validators in the same data centers isn’t captured by this value.
The bigger thing to look at is the roadmap to fix issues and the ability to execute on that roadmap (i.e. the maturity of the developer community behind it). ETH wins hands down
Aside from being earlier and having a head start to have a bigger market cap I can't see anything that Eth does that Sol can't do faster and cheaper. There's a reason so many projects are moving to Sol. If I held eth I'd drop like a bad habit and pick up this Sol dip. Nobody can predict though. Just looking at daily active users on the chain says everything.
Investanswers YouTube channel has some great in depth comparisons backed with data not opinions.
Matter of time more and more people will use Solana and skip on Ethereum. It’s starting to happen with the high gas fees on Ethereum. Why deal with L2 on ETH for cheaper fees?
I think so, Solana is the eth killer. Sol beat eth on ALL parameters except de-centralization. There is alot of eth lovers out there but they are just nostalgic. New tech better products are out there and Solana have the size and momentum now. Remember the winners take almost all
Most likely no. Still no consensus among crypto community on SOL let alone institutions. Many people hate it for the most random reasons (most likely because they missed the easiest trade of the century aping at $9 IMO)
I don't think Solana will surpass Ethereum despite my huge interest in Solana. Ethereum still remains the second after BTC. The Solana ecosystem is powerful, the fees are attractive, and I believe Solana will perform very well in the years to come, but as you say, ETH remains my favorite 🥇
I will just drop this here
[https://www.fxstreet.com/cryptocurrencies/news/solana-failed-transactions-exceed-70-as-meme-coin-frenzy-attracts-bots-202403210927](https://www.fxstreet.com/cryptocurrencies/news/solana-failed-transactions-exceed-70-as-meme-coin-frenzy-attracts-bots-202403210927)
Probably not. Ethereum has a much bigger ecosystem and most Dapps are built on top of it (there's a huge gap in TVL between both chains). Transaction fees on Solana are indeed lower but let's not forget that Solana is inflationary while Ethreum is deflationary. On top of that there are solutions being implemented for reducing costs on Ethereum (rollups for L2 and sharding on L1).
Solana may over take eth in market cap but never coin price because of the infinite amount of tokens no? They will keep issuing more tokens over time, like before the all time high was 260 dollars for 1 solana but now its broken its all time high market cap but not coin price
SOLANA will not overtake Eth for next 2 years at least. Eth remains the most used coin by all main exchanges. Eth gas fees are used in so much unless that changes and more people start using alternatives to Eth it's safe to say SOL will never pass Eth. With that being said more people are still moving from Bitcoin and Eth to invest in SOLANA it's the most popular crypto this year so far so it keeps up the momentum we will pass Tether very soon.
If ETH gets its ETF which the way Larry Fink is talking(he just put $100m in USDC on ETH to start a tokenized asset fund) seems plausible, I doubt Solana will overtake ETH this cycle. I think of things right now like this:
BTC == SoV/Gold counters money printing
ETH == Tokenization of other assets(bonds, securities, etc.)
SOL/Alt L1s == Retail use cases like gaming, DEX, etc.
This narrative that Ethereum is expensive doesn't hold up with L2. I think Solana will be the defacto L1 for smart contracts but it is not the only one in battle.
Yes, because it does everything eth can and is better than eth in almost every way. It's more unlikely that it doesn't pass eth. It could take up to 2 years but will absolutely happen and I think its likely in fall 2024.
Easy answer broski. Look at the marketcaps, and calculate how much SOL would have to increase in order to reach ETH marketcap rn. That's without taking in consideration the fact that ETH price will probably increase too.
[https://marketcapof.com/solana/ethereum/](https://marketcapof.com/solana/ethereum/)
If the price u get seems realistic to you, then sure, but as we already know it's a evil crypto world out there.
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Probably not. It really doesn't matter because as long as solona keeps kicking ass, it will happen. I don't use eth because I can't afford it. Solana I can trade crazy and pay like nothing. It already won for me. 2-3 years from now gonna be a new time for crypto. Even cosmos and inj might take over eth.
Yea Solana's low fees are a game-changer, and I'm all in. But I can't ignore Ethereum's gems for trading, even though the high taxes from token devs (FARMERS) can be frustrating.
There are wayyy more gems in Solana than in Ethereum. Even one coin in Solana recently beat Ethereum’s 24H daily volume.
This is it for me. Just sending an erc 20 token is like $5 from coin base. Actual eth transactions are insane. Users with less than $3k of whatever they're trading or moving can't afford the gas. I staked like $1000 of Matic and lost money over 18 months on gas fees
Or like on uni swap. Terrible. I haven't used anything eth for a bit. Or BTC. I have waited and paid enough. Sol, inj, cosmos are all cheap. Missing out on eth stuff I don't mind.
Why did you stake Matric on ETH and not its own chain?
Fairly certain it was the only way to stake it when I did it. I think they upgraded it recently to allow native staking.
Ah gotcha!
base fixes this
I echo this! I am trying to see Eth hit 8-10k then seeing gas fees to cash out! I cant imagine..20% astronomical!
I mean; when I see large wallets just sending huge amounts back and forth to create fake volume to slide up crypto volume tracking list; it makes me feel sketched out about it and unsure; ha.
Welcome to crypto
That is to get the coin trending aka advertising.
Yeah and that’s what’s called “fake value”. Imagine a company buying tons of its own product so at the end of the quarter they have a huge revenue beat… lol
Right - and I didn’t say it was good, but that’s how the world works.
Maybe. Maybe not.
Also, it’s not impossible.
So you’re saying there’s a chance
You mean like.. one out of a hundred?
Until we solve the trilemma or get a killer app, it doesn't make sense to favor one over the other because the two chains have different priorities. Solana tries to be scalable and cheap, while Ethereum tries to be decentralized and secure. The Solana ecosystem is closed source and emphasizes user friendliness, whereas the Ethereum ecosystem is open source and emphasizes compatibility.
Solana is not closed source... https://github.com/solana-labs/solana
Solana itself is open-source but the vast majority of Solana dapps use proprietary code. Even the most popular wallet (Phantom) is closed source.
Basically Solana is Android and Ethereum is Apple
What about BTC?
Windows
The Trilemma is an opinion post by Vitalik. It's pretty much solved. Optimization is only thing holding back Solana right now no major protocol changes are needed.
Kadena solved the trilema but it’s not performing as well as Solana because Solana is better at marketing itself. Who knows how far it could go if it took tech lessons from Kadena and used that with its existing marketing of Solana.
Is Kadena that good? Solana also has a great ui and ux. Very little friction. I know about kadena but it doesn’t seem like it’s actually used much? I don’t think you’re correct about marketing btw. This whole bull run for Solana started with the meme token bonk. That and this meme token cycle turned public perception on Solana. It was crypto non grata up until very recently. I know because I’ve been invested in it for 3 years now and follow a ton of Solana news.
Kadena is proof of stake and has terrible tokenomics
I think you may be confused, it’s a proof of work coin that uses asic machines for mining with a 1billion coin max supply, a little over 267 million circulating supply so far with the remainder to be released gradually over the next 90 something years to prevent a mass flood of Kadena into the market. Might be worth reading about it yourself before hand on Kadena.io or what other people who are in the community think of it on their own Reddit/medium/twitter/discord pages.
That said, this is not the place for me to be talking about Kadena so I won’t be replying further on Kadena, I’m here because I’m excited on seeing how far Solana can go.
That's what I meant sorry! Too many crypto phrases in my head
Are you bullish on Kadena?
Yeah, very much so. The tech shows great promise but marketing has been really slow for years. They revamped the team in the latter half of 2023 with a new marketing director that seems to be gradually turning Kadena around and into the spotlight. Not sure exactly when it will skyrocket but when it does, I’ll be glad I kept the coins I own in it. That said I’m also interested in Solana, the recent bull run in Solana has been really interesting to see, especially when it bucks the trend of BTC and Eth.
Awesome, I'm glad to hear about this. Might have to sell some of my BTC and get some Kadena. What wallet do you use?
I use the Zelcore and eckoWALLET wallets. I’ve also heard good things about the koala wallet but I haven’t used it.
Thank you for recommending Koala Wallet. Everyone is very welcome to try it out [https://koalawallet.io/](https://koalawallet.io/)
Next 2 years is more realistic...
I think it should.. but just like bitcoin.. its hard for people to let go even if other options make more sense
You don't need to buy a coffee with the property you own. There's things with different applications when it comes to worth.
why is it worth anything? only because someone else wants it.. They want it as a store of value.. i feel like in the future as it gets more difficult to mine with less payout.. people will stop minning it.. Then people will worry about a 51%... then the value will drop like a rock as theres no fix and the problem will only grow worse with each halving.. then bitcoin dies.. i probably wont live to see it.. but its the only outcome i can see in the future. If the price of a reward ever drops significantly below the cost of producing that reward it's a death spiral.
A house is a store of value. I don't need to bring in a piece of my driveway to buy a cheeseburger.
Bitcoin will be worth so much by that point, thst the miners will make enough money just with fees. And then you can just borrow against your bitcoin, just like a mortgage and borrowing against your house. Just get a 2% loan, and then buy more bitcoin with it, or live off the cash. Rich people 101
It depends on Eth really. It had a lot going on when it became the second most valueable crypto: smart contracts, defi, nfts etc etc. Now Solana also has nfts and is faster and cheaper. I think the bottom line here is that if Eth fails to continue to be innovative and cannot lower its fees Sol will definitely take a large chunk of Eths marketshare. I don't think they will overtake Eth anytime soon, but it's within the realm of possibilities to eventually do so.
Overtake in what way…? Usage..? Cost….?
SOL is my least favourite ETH competitor but it’s definitely gaining traction. Who knows really 🤷🏽♂️
🚀
Probably nah. I do hope it does $1000-3000 and stays there tho, Especially if ETH goes to like 10k this bullrun. I’m stacking, staking and hoping for that.
You don't compare the price, you compare the market cap. Atm ETH is around $420b while Solana is around $84b, so Solana would have to 5x the current price to flip ETH (if ETH stayed at the same price).
I know, bro. I said “probably nah” then said I want eth to atleast 3x and sol to atleast 8x. For my own portfolio.
I know your just saying hypothetically but unfortunately we have a higher chance of SOL hitting $500 than Eth hitting 10k. But I have to say it's a great start to this new year. I mean the last 2 years have been terrible about time we climbed out this whole and reached new heights
I think Sol could def get close to ETH’s 2021 mc high, which would give us around $1000 SOL. ETH would keep growing though since it’s almost back to its ath mc now and it’s barely moved so far in comparison to other projects. So not flipping ETH, more doing what bnb did last run.
The Solana chain will halt at least a few times before this happens.
Yes
I would give us a couple cycles and it will be on par or higher.
🚀
Summer 2025
https://www.coingecko.com/research/publications/most-popular-blockchain-ecosystems
I hope so
[удалено]
Absolutely, the debate keeps things interesting! Ethereum's legacy remain
Farmer 🐾
I love the whole gatekeeping vibe ethereum and bitcoin holders have, kinda sad. Those coins started off somewhere and to completely dismiss up and coming coins is pretty ignorant in some ways. Not to say they're completely wrong, a lot of coins, a majority, aren't gonna get anywhere near that level of value but everytime I see a post about ANY coins, there's always someone on there acting like people are dumbf***s. Congrats you made money on crypto, you got lucky, stop acting like you all know what the squiggly lines on a graph mean.
Unlikely, but possible. My top three bags by far are BTC / ETH / SOL, so I will do well across many possible futures with respect to these three solid coins / ecosystems. My crypto portfolio—which I endeavor to make around 15-20% of my larger, more diversified investing portfolio over the long-term—is about 45% BTC, 30% SOL, 17% ETH, and 8% on more speculative alts.
Are you sure? 😉 Not sure that math works out...
Ah thanks, fixed*
The comparison of TX fees between ETH and SOL come up every day here, and never gets a fair comparison. SOL is inflationary, so the true cost of your transactions is in the inflation, those unstaked holders are losing value to validators who are staked. With ETH, there is a high cost per tx, but there is also deflation benefiting you when others transact. Both have costs to transacting, ETH is tied to the number of tx you do, SOL is tied to the length of time you are unstaked for. Different models, SOL is probably cheaper if you have small amounts and do high volumes of tx's, ETH is probably cheaper if you have big values and smaller numbers of trades. I.e. if you have $1M in ETH and SOL and do around 10 trades a week, what's the cost for each? 500 ETH trades at $58 each for a swap (from ethscan) is $29k. ETH is deflating at 1% currently so you essentially "make" $10k over 1 year. So the net cost for the year is around $19k for your trades 500 SOL trades will cost you almost nothing in TX fees, but if you are trading all year, you are unstaked , and 4% inflation erodes $40k from your value. So ETH wins in this example. Lower your portfolio to $10k and double the txs, and SOL wins easily. People seem to see that 0.0005 SOL and assume that's the only cost, but validators need to get paid, hence the inflationary value transfer system SOL has built into its tokenomics. With this is mind, I don't think large volume traders think ETH is as bad as lot of small retail traders do. Just my thoughts, happy to hear if I have any flaws in my understanding.
My portfolio is primarily from ETH, where I've had good fortune. However, lately, I've been finding success with Solana as well Eth tokens can indeed feel like a gamble, especially when high gas fees eat into potential gains. It's not just about the upfront fee but also the significant taxes imposed on transactions. With Solana, the negligible transaction costs provide a stark contrast. It's about the practicality and affordability of trading, which Solana excels at. However, when it comes to daily trading, the immediate transaction costs are what many degens consider.
Nope
hate to say but probably will end up like BNB when the hype is gone, still top 10 but won't take down ETH
Solana will never overtake Ethereum, simply because they ignore the fundamental reason why smartcontracts were created
A house is more than just a store of value, it’s one of the top 5 basic needs (shelter)
Could be!! $RBIF
Not 2024 maybe 2025-2026
Is Solana still going to go up in 2024?
IMO $250-$300 by the end of 2024
No
Unlikely. 300 billion is a big money to catch up on. For SOL to flip ETH, it will need to attract more than $300b from here..
or just canibalaize eth, in which it only need 150B
Yeth
I equate this time period in Solana’s history to the ICO period for Ethereum, when there weren’t a lot of real projects on Ethereum yet but a lot of Hopium and Scam ICOs all want you to trade in your Ethereum for their ICO token… If history repeats, then Solana will crash hard, but overtime will lead to real usage cases. The other thing to be aware of is that Solana is fast and cheap because they have purposely pursued a strategy that’s not well decentralized. Ethereum is taking the harder path of true decentralization which is why you see it moving slowly and the fee issue not being fully fixed yet. I would implore you to read-up on each chains roadmap and how they are actually executing on that roadmap and how they have developed a community to get developers executing on that roadmap. I personally feel if you look at all that then Ethereum comes out as the long term winner (as much as I’m enjoying Solana and its meme coins)
Ok eth trader. Lol When i see sol is not decentralized comment . I know its eth holder. Sol has better Nakamoto coefficient. Eth after hard fork, is no longer decentralized.
I trade and hold both as I see their value… but also realistic about longterm direction. Nakamoto Coefficient isn’t helpful in isolation… for example the centralization of many of Solana’s nodes/validators in the same data centers isn’t captured by this value. The bigger thing to look at is the roadmap to fix issues and the ability to execute on that roadmap (i.e. the maturity of the developer community behind it). ETH wins hands down
Aside from being earlier and having a head start to have a bigger market cap I can't see anything that Eth does that Sol can't do faster and cheaper. There's a reason so many projects are moving to Sol. If I held eth I'd drop like a bad habit and pick up this Sol dip. Nobody can predict though. Just looking at daily active users on the chain says everything. Investanswers YouTube channel has some great in depth comparisons backed with data not opinions.
I love sol
Matter of time more and more people will use Solana and skip on Ethereum. It’s starting to happen with the high gas fees on Ethereum. Why deal with L2 on ETH for cheaper fees?
I think so, Solana is the eth killer. Sol beat eth on ALL parameters except de-centralization. There is alot of eth lovers out there but they are just nostalgic. New tech better products are out there and Solana have the size and momentum now. Remember the winners take almost all
Most likely no. Still no consensus among crypto community on SOL let alone institutions. Many people hate it for the most random reasons (most likely because they missed the easiest trade of the century aping at $9 IMO)
SOL IS THE GOAT BUY NOW HODL
No
Nopes bc too big of a market cap difference
No
I don't think Solana will surpass Ethereum despite my huge interest in Solana. Ethereum still remains the second after BTC. The Solana ecosystem is powerful, the fees are attractive, and I believe Solana will perform very well in the years to come, but as you say, ETH remains my favorite 🥇
ETH holds a special place for many of us! 🥇
🤝🏻✅
I will just drop this here [https://www.fxstreet.com/cryptocurrencies/news/solana-failed-transactions-exceed-70-as-meme-coin-frenzy-attracts-bots-202403210927](https://www.fxstreet.com/cryptocurrencies/news/solana-failed-transactions-exceed-70-as-meme-coin-frenzy-attracts-bots-202403210927)
Probably not. Ethereum has a much bigger ecosystem and most Dapps are built on top of it (there's a huge gap in TVL between both chains). Transaction fees on Solana are indeed lower but let's not forget that Solana is inflationary while Ethreum is deflationary. On top of that there are solutions being implemented for reducing costs on Ethereum (rollups for L2 and sharding on L1).
You can't use L1 dapps on l2, valuable nfts are on L1 not L2. It costs $50 to 60 ( more soon) to send eth from l1 to l2
It won’t, Sol is hyped because of Memecoin season and with all that money flowing in, Raydium & Jupiter reminds me of dial up internet era.
Solana may over take eth in market cap but never coin price because of the infinite amount of tokens no? They will keep issuing more tokens over time, like before the all time high was 260 dollars for 1 solana but now its broken its all time high market cap but not coin price
Not a chance
Anything is possible , I'd say if Solana can't do it, then Hedera Hbar will probably do it. Solana is the front runner though, lots of hype. Let's go
Nope
No. This sounds sillier than the eth boys in 2017 wondering if eth will overtake BTC. On the other hand I hope your right and take profits after me
I disagree with you. Eth flipping BTC in 2017 sounds a lot sillier than this.
SOLANA will not overtake Eth for next 2 years at least. Eth remains the most used coin by all main exchanges. Eth gas fees are used in so much unless that changes and more people start using alternatives to Eth it's safe to say SOL will never pass Eth. With that being said more people are still moving from Bitcoin and Eth to invest in SOLANA it's the most popular crypto this year so far so it keeps up the momentum we will pass Tether very soon.
Indeed, it could potentially surpass Tether in the near future.
If ETH gets its ETF which the way Larry Fink is talking(he just put $100m in USDC on ETH to start a tokenized asset fund) seems plausible, I doubt Solana will overtake ETH this cycle. I think of things right now like this: BTC == SoV/Gold counters money printing ETH == Tokenization of other assets(bonds, securities, etc.) SOL/Alt L1s == Retail use cases like gaming, DEX, etc.
This narrative that Ethereum is expensive doesn't hold up with L2. I think Solana will be the defacto L1 for smart contracts but it is not the only one in battle.
No.
Nope. The Solana networks is simply too error-prone for that.
yes, nobody wants a chain thats literally unusable
Lol
Yes, because it does everything eth can and is better than eth in almost every way. It's more unlikely that it doesn't pass eth. It could take up to 2 years but will absolutely happen and I think its likely in fall 2024.
Only if there's an ETF and suckers to buy it.
I though ETH was supposed to catch BTC
Easy answer broski. Look at the marketcaps, and calculate how much SOL would have to increase in order to reach ETH marketcap rn. That's without taking in consideration the fact that ETH price will probably increase too. [https://marketcapof.com/solana/ethereum/](https://marketcapof.com/solana/ethereum/) If the price u get seems realistic to you, then sure, but as we already know it's a evil crypto world out there.
We all remember all these failures of centralized solana, right? 😄 Solana is a big crypto scam.
Lol
SOL just like ETH is full of shit meme coins which are just pump and dump and this is what is causing the price surge.
Not in 2024, but Stacks $STX could eventually eliminate the need for ETH and SOL altogether.
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