- Crypto analysts predict SOL could reach $1,000 this cycle and outperform ETH
- ETH supporters believe altcoin could rise to $10,000
Encrypted Twitter is back Solana [SOL] versus Ethereum [ETH] We will discuss again. So which token will perform best this cycle? Well, as expected, we feel both the Solana and Ethereum camps will rise to the top.
Considering the past 24 hours, SOL appears to have had a head start of sorts. According to CoinMarketCap, SOL rose 9.5% and soared above $140 on the chart, while ETH rose just 3%.
Solana also surpassed Ethereum in the fourth quarter of 2023 on the price chart. Therefore, it is no surprise that cryptocurrency analysts like Anthem are so bullish on his SOL. In fact, in doing so he was also downplaying Ethereum's advantage over Solana. stated,
“Ethereum does nothing better than Solana. That was true even before the index changed last year, and it’s even truer now that we have objectively verifiable data.
$1,000 per $SOL”
Analysts also cited commendable improvements in Solana's DEX (decentralized volume), daily active users, and validation data, predicting a potential 7x surge from press time levels.
Ethereum is still big
Meanwhile, the Ethereum community is confident that the token could reach $10,000 on the charts. Some members of the community, like Ryan Adams of Bankless, actually think the goal should have already been achieved.
Adams recently mentioned ETH's huge gains. He claimed that
“No, Ethereum is not like other chains. Ethereum is profitable. Over the past 18 months, Ethereum has generated nearly $1 billion in revenue. ”
Mr Adams added:
“Ethereum is only 9 years old. This alone should push ETH over $10,000.”
As previously proven with AMBCrypto, aside from revenue, TVL (Total Value Locked), and overall market cap growth, Solana dwarfs Ethereum in several aspects. report.
However, price chart performance is most important to HODLers. The potential for ETH to rise from $3.1 million to $10,000 means a 3x upside potential. Even at the wildest estimates, 3x for ETH is much less likely than 7x for SOL.
In other words, if the bull cycle explodes, SOL could earn higher profits. That said, ETH could make a comeback if the US ultimately approves a spot Ethereum ETF.
