3 reasons why Solana bounced harder than Bitcoin and Ethereum
The 14th largest cryptocurrency by market cap jumped by more than 55% after bottoming out at $20.14 on Tuesday. An overnight bounce across the cryptocurrency assets this Wednesday saw Solana (SOL) outpacing its top rivals, including Bitcoin (BTC) and Ether (ETH).The SOL/USD exchange rate surged 55.10% to $31.58 on Wednesday after bottoming out at $20.14 in the previous session. Its move uphill came in the wake of an overall crypto market retracement that, in turn, followed a brutal crash in response to a full-fledged crypto ban in China.Solana was among the loss-bearers at the beginning of....
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One developer, “0xIchigo,” behind Helius, a software company developing infrastructure for users to build on Solana, thinks Solana is winning the energy efficiency race. However, competing platforms, especially Ethereum, are here to stay. Ethereum Is Here To Stay, Solana Is Winning The Energy Efficiency Race Ethereum and Solana aim to serve the same user base, but the […]
Solana has been fondly referred to by community members as the ‘Ethereum killer’ but as time has passed, it seems the network has failed in its mission to become the leading smart contracts platform. Its proximity to the likes of FTX crypto exchange and Alameda Research have also dented its reputation. And even now, as […]
Solana has already cemented its reputation as one of the largest competitors of Ethereum which had earned it the nickname of ‘Ethereum Killer’. The community has run with this narrative and it has led to a fierce rivalry between the communities behind both networks. However, Solana founder Anatoly Yakovenko has actually come forward to debunk […]
Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.”
Bank of America on Crypto, Ethereum, and Solana
Bank of America (BOFA) analyst Alkesh Shah published a research note on cryptocurrency this week arguing that Solana could take market share away from Ethereum.
The Bank of America analyst described that Solana “produces a....
In the latest episode of the ongoing rivalry between blockchain protocols, Solana (SOL), often hailed as the Ethereum (ETH) killer, has once again launched a scathing critique against its competitor. Anatoly Yakovenko, the co-founder of Solana, took to the social network X (formerly known as Twitter) to voice his complaints and criticisms about Ethereum. Related […]