Solana (SOL) Starts Gaining Edge Over Ethereum, Still Long Way To Go
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- PoS is still a long way off in terms of a specific date.
- A network that suffers from both market-wide and network-specific congestions.
The cryptocurrency market has seen yet another decline. However, the market rebounded and is hovering around the 1.90T mark with an increase of 5.57%. There has been a lot of turmoil in the financial sector, resulting in BTC trading below $40k value.
Highly Anticipated ETH 2.0
Ethereum, a prominent cryptocurrency, is now trading at $2,729, down 5.9 percent. Ethereum’s deposit contracts for ETH 2.0 are expanding in size. People in and around Solana now remember Morgan Stanley’s statements on the impending switch to PoS. There’s a growing interest in Solana’s on-chain analytics. On the other hand, as interest in Solana’s hacker home grows, he is forced to make additional stops on its journey.
Some people in the lowest ranks are now contemplating Solana over Ethereum. PoS is still a long way off in terms of a specific date. The increasing number of interests in ETH 2.0 deposit contracts has also persuaded investors to consider other possible investment avenues.
Next, the Morgan Stanley research on Ethereum illuminates Solana’s assets. It’s not just one person who’s interested in the benefits of smart contracts, such as quicker and cheaper transactions, among others. A network that suffers from both market-wide and network-specific congestions. It tends to overcome Ethereum’s failures.
Wise Barbecue Truck, a Los Angeles food truck, takes Solana pay. The Solana community has been taken aback by this. However, Solana has been embracing new projects that cater to various industries to the ecosystem in recent months. CyberConnect, a provider of Web 3.0 services, Glow wallet, Samurai Army NFT, and Metaverse’s Mecha battle club are the newest participants. Still, Ethereum is the most popular smart contract platform and it won’t be easy for Solana to topple Ethereum.
Cryptocurrency
