Solana; hold it or exchange it? this is my opinion

By Emad | honarparvar | 25 Dec 2023


if you have had $SOL Solana during last weeks, you have enjoyed a 600% rise! that means every USD you have invested in SOL in last 2 months, is 6 USD now :)

well, what about coming weeks?

here is SOLETH chart:

a70dd75822a35eca6579caade8da465792020c76d22146ba8d49b2ddbc885bb5.png 

this chart shows a very probable bearish regular divergence. if this divergence confirms with solid evidences, we can say holding ETH Ethereum instead of SOL Solana would be a wiser idea.

but why I compare Ethereum and Solana?

 

Ethereum and Solana are two blockchain platforms that support smart contracts, decentralized applications, and cryptocurrencies. However, they have some key differences in terms of their technology, features, and popularity. Here is a brief comparison of the two:

  • Technology: Ethereum currently uses a Proof-of-Stake (PoS). Solana uses a Proof-of-History (PoH) consensus mechanism, which uses a verifiable timestamp system to order transactions and achieve high throughput. 
  • Features: Ethereum supports a variety of token standards, such as ERC-20, ERC-721, and ERC-1155, which enable the creation of fungible and non-fungible tokens (NFTs). Solana also supports token standards, such as SPL, which are compatible with Ethereum’s standards. Ethereum has a rich ecosystem of decentralized applications (DApps), especially in the decentralized finance (DeFi) and NFT sectors. Solana has a growing ecosystem of DApps, which also focus on DeFi and NFTs, but with faster and cheaper transactions.
  • Popularity: Ethereum is the second-most-popular cryptocurrency in terms of market capitalization, behind Bitcoin. It has a large and loyal community of developers, users, and investors. Solana is a relatively new entrant in the cryptocurrency market, but it has gained a lot of attention and adoption in recent months. It is currently ranked among the top 10 cryptocurrencies by market capitalization.

 

 

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Emad
Emad

youtuber, business developer and Crypto enthusiast


honarparvar
honarparvar

Writing is my addiction!

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