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Cryptogazette

12/15/2022

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Ethereum Rival Solana New Price Analysis Is Out

It’s been just revealed that Ethereum rival Solana’s new trajectory is out. Check out the latest reports about all this below. Solana new price analysis is out It’s been revealed that a popular crypto...

Ethereum Rival Solana New Price Analysis Is Out

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It’s been just revealed that Ethereum rival Solana’s new trajectory is out. Check out the latest reports about all this below.

Solana new price analysis is out

It’s been revealed that a popular crypto strategist says that Solana (SOL) has the potential to go on a massive rally and reach a new all-time high.

In a new video update, the host of InvestAnswers said that one way to gauge Solana’s current strength is to look at daily active usage (DAU) among top altcoins.

He says DAU is 572,500 for Ethereum (ETH), which is about 192,600 more daily active users than Solana’s 379,900. Solana’s DAU is above the DAU of other top altcoins.

“If we look at the daily active users of Solana versus Ethereum, you can see Solana is down a bit, 379,900, a little bit higher than Polygon 359,500 and Ethereum 572,500, which is good. But remember, Polygon can run a lot faster than Ethereum, so why [aren’t] the transactions a lot higher? Because there’s room for adoption.”

He continued and said this:

“Cardano is in there at 49,800 which is almost the same as Near Protocol [at 49,500]. Avalanche, 34,900 and Aptos 21,500. And that’s kind of the lay of the land at the top layer-1 chains.”

He also said the following:

“So, if we look at the matching Cardano market cap $29.61, 10% of ETH $42.74, 20% of ETH $85.48. The average of all three is $52.61. Is that a fair value for SOL? Absolutely yes, I believe that is the case. But it has a black eye from the FTX fallout and everything else so it’s trading at a quarter of that value right now.”

Cardano’s Charles Hoskinson just addressed the state of Solana.

During a new YouTube AMA session, Hoskinson addressed some sidechain partnerships and what they look like on Cardano.

“For six years now, we’ve been talking about this, thinking about this, pushing this forward, this concept that you have one main chain and a family of sidechains, and each and every one of them does different things. And the sidechains model of Cardano is that if a sidechain comes in and connects to Cardano, that sidechain is a partner of the main chain. The main chain provides security, it provides infrastructure, it provides an ecosystem and it provides liquidity.”

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