Here's Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers

A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL The post Here's Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers appeared first on The Daily Hodl.

Timeline of Ethereum, Solana

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The digital asset industry is evolving at a breakneck pace, and new trends are being formed as developers continue to explore the different use cases of blockchain technology. Crypto trends such as decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, Web3, and the Metaverse, have received massive attention, and investors are looking for ways to profit

  The global cryptocurrency market has sailed through stormy weather over the past two days. Which has thwarted the price action of digital assets to multi-month lows. The market capitalization of the industry at the time of publication is constructing momentum at $1.46T.  The market leaders Bitcoin and Ethereum have borne the heat to their potential …

While the Crypto market has plummeted to an all time low in 2022, most of the crypto investors seem to be grabbing the buy the dip opportunity by purchasing stablecoins and few other tokens. Though this activity did not have a major impact on the price, as selling was larger than buying, the transactions could …

With the market currently in peril, Ethereum whales are taking this as an opportunity to add more coins to their portfolios. Altcoins have taken the biggest hit in the market and as such have been the focus of these whales who obviously see these tokens as being on discount.

Ethereum price analysis is bearish today as we expect further downside to follow after a strong drop and reaction higher over the last 24 hours. Likely ETH/USD will soon continue even lower as the sentiment is strongly bearish.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin reached lows that it had last traded at in July 2021, and Solana reached an area of demand from last August. Does that mean a relief rally is around the corner?

The Solana price analysis shows rising signs as the market shows massive upside potential. The bulls have regained their control of the Solana market, which will change the course of the market for the better, and SOL now expects the bullish period to take over in the next few days.

Ethereum NFTs are coming to Instagram this week and Facebook could be next as we can see more today in our latest Ethereum news today. Instagram will also support Polygon and will add Flow and Solana soon while Facebook will support the NFTs in the near future.

Amid robust consumer demand, CoinLoan has extended its offering with Solana (SOL), one of the biggest cryptocurrencies in terms of market capitalization. This blockchain is developing fast, with SOL being widely used as a staking tool and a transaction fee.