InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

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InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

According to InvestAnswers, popular crypto analytics and market analysis show, that Solana ($SOL) is still the top competitor for Ethereum ($ETH).

The show’s host stated in a recent YouTube video that he still views Solana as a hedge against Ethereum and retains his “day one thesis” that Solana may be an “ETH killer.”

Despite its tremendous development and support, Solana has a market valuation that is around 1/12th that of Ethereum, according to the host.

According to The Daily Hodl, the host listed further benefits for Solana:

According to InvestAnswers, popular crypto analytics and market analysis show, that Solana ($SOL) is still the top competitor for Ethereum ($ETH).

In a recent YouTube video, the show’s host stated that he still believes in the show.

Here Is What He Had To Say

The strength of Solana, and the reason why I still like it, is that they have the most breadth of DApps [decentralized applications] of any chain out there. They have exponential adoption. Fast, inexpensive, scalable. Despite the outage…

“It also has Rust, the most preferred developing language that’s driving the most development activity on any chain. 65,000 [transactions per second].

No need for layer-2s and SOL DApps have more daily active users than Ethereum DApps, which is kind of staggering, because Ethereum has about 3,000 DApps and SOL has about 750.”

Conclusion

While InvestAnswers’s host was bullish on Solana, he contended that Ethereum still held a number of advantages, including its larger size and significantly longer time on the market.

Read More: Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

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