“Ethereum Killer” Solana (SOL) Sees 300% Growth Against ETH
U.Today – The “Ethereum Killer” Solana (SOL) has recently seen a significant surge of 300% against Ethereum (ETH), solidifying its position in the crypto market.
Amidst this remarkable turnaround, SOL’s value skyrocketed by an astounding 440%, reaching a peak of $118.3. This surge marks a significant milestone not witnessed since April 2022.
Simultaneously, the price of SOL exhibited an unprecedented ascent, hitting 0.051 ETH per token. This surge has not been observed since December 2021 and shows no signs of slowing down.
As Solana experienced this meteoric rise, Ethereum remained relatively stagnant, sparking speculations about a potential shift in the cryptocurrency hierarchy.
Flippening, but Solana flips Ethereum
Analysts are now questioning whether Solana is poised to permanently dethrone Ethereum. The media landscape is abuzz with discussions about a potential shift in the cryptocurrency hierarchy, with some suggesting that Ethereum may be consigned to the past while Solana charts the future.
Even as Ethereum exhibited modest growth in response to the market dynamics, Solana’s remarkable rally has left it 20% away from its all-time high relative to Ethereum’s price.
The lingering question now is whether Solana can fulfill its moniker as the “Ethereum killer” and establish a new all-time high. ETH, on the other hand, faces the challenge of recovering from the recent weeks’ lag.
With Solana’s newfound prominence, market observers are contemplating whether the cryptocurrency landscape is witnessing a default shift toward the innovative blockchain platform.
This article was originally published on U.Today
