Right from the outset, Solana was dubbed the ” Ethereum killer.” The Layer 1 fast horse might finally crash ETH and achieve that dream if Ethereum fails to get its act together.
While Solana rocketed to a new ATH during its Q4 rally last year, ETH failed to surpass the $4.1k zone. The Solana ecosystem continues to grow in leaps and bounds, and its market cap is forecasted to increase significantly, gaining on Ethereum as the SOL price scales new heights above $500.
Solana crushes ETH on key metrics
While Ethereum can only process 15-30 transactions per second, Solana’s speed stands at between 2,600 and 4,000 TPS, making it nearly 173x faster. Furthermore, Ethereum experiences crippling network congestion, which pushes fees significantly higher during high-demand periods.
On the other hand, Solana offers low fees, faster transactions, and better scalability, making it a top choice for modern blockchain applications. Data from Dune Analytics reveals that Solana attracted 89% of all new token launches in 2024, spotlighting it as the epicenter of many new blockchain projects.
The Solana price has been ripping lately
Solana surprised everyone last year after making one of the most sensational price recoveries in the crypto market. SOL hit a new ATH of $294, pulling a 37x multiplier from its bear market lows of $8!
Even so, SOL wasn’t spared the marketwide correction that sent the Ethereum price crumbling below $2k. As ETH collapsed to $1.38k in April, SOL trickled down to the $96 zone but has been on the fly lately, rising over 80% to flirt with the $180 zone.
Source: CoinMarketCap
This impressive uptrend comes amid inspiring developments in the Solana ecosystem. Recently, Solana partnered with R3 Corda, a private blockchain network holding more than $10 billion in tokenized real-world assets.
Again, Kraken has chosen to utilize the Solana network to launch a new global tokenized equities trading platform, highlighting Solana as a top destination for RWA DeFi, thanks to its high throughput and low transaction fees.
As bullish Solana news reverberates in the market, the asset is expected to master the bullish steam required to crash the $180 psychological barrier. If SOL overcomes this zone, some analysts have put forth bold Solana price predictions, positing it could scale new heights toward $500.
Solana price prediction: Can SOL smash $500 this year?
Data-driven Solana price predictions reveal that SOL might enter a consolidation phase in the $100-$200 zone in the foreseeable future and may not hit $500 this year.
But once this consolidation phase is over, Changelly analysts expect SOL to climb rapidly upwards, rising to print a new ATH in the $560 zone. That would push Solana’s market cap past $288 billion, seriously gaining on Ethereum.
Solana whales seek better ROIs in presales
Even if SOL catches up with ETH in the $300 billion club, that would only be a 4x return from current rates. That’s why SOL whales seeking more exciting ROIs are also buying into low-cap presale gems like Remittix (RTX).
This emerging cross-border payments token is already up over 400% in the ICO realm, and analysts predict it might soar over 10,000% once launched in the open market. Your chance at generational wealth might come true with this undervalued PayFi kingpin, so check it out and grab a stake at the $0.0781 bargain price.
Savvy investors have already pumped in over $15.4 million into the Remittix presale, accumulating over 540 million RTX tokens. Better deals are to be had the earlier tokens are bought, meaning time is running out.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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