- Solana (SOL) has the potential to reach 50% of Ethereum’s market cap, according to a report by $100 billion asset manager VanEck.
- The report notes that Solana processes 3,000 more transactions than Ethereum, has 1,300 more daily active users, and its transaction fees are nearly 5 million percent cheaper than Ethereum.
- VanEck’s research firm predicts that Solana’s price could reach $330 as it closes the gap on Ethereum.
Cryptocurrency asset manager VanEck believes that Solana has the potential to capture 50% of Ethereum‘s market capitalization. This would represent a massive rise for the so-called “Ethereum killer.”
Solana’s Advantages Over Ethereum
Solana boasts superior speeds and lower costs compared to Ethereum. Specifically, Solana processes 3,000 more transactions per second, has 1,300 more daily active users, and its fees are nearly 5 million percent cheaper. These advantages have led to growing institutional and retail interest in adopting Solana over Ethereum.
Prediction of $330 SOL Price
Given Solana’s technological edge, third-party research predicts its market cap could reach half of Ethereum’s. This implies a potential SOL price of $330, up massively from current levels. The prediction is based on the increasing shift of developers and investors to Solana’s network.
Institutional Interest Growing
While institutional investment has lagged retail, institutional interest in Solana is accelerating. Major financial institutions like Franklin Templeton, Citigroup, PayPal, and Coinbase have all embraced Solana to some degree. Its transaction speed and low costs are irresistible advantages.
Final Thoughts
Solana appears primed to play a major role in the future crypto landscape. Its vast advantages over Ethereum in terms of speed, fees, and integrations continue attracting developers and investors alike. If adoption continues accelerating, a $330 SOL price and half of Ethereum’s market cap seem feasible targets.
