Solana has had tremendous pull over the past 12-months, swelling with capital inflows and racing up the market cap leaderboards to take its place behind Ethereum– even leapfrogging Binance’s BNB Coin for the Binance Smart Chain in March and poised to do it again.
Ethereum is still the top dog in decentralized finance (DeFi) and is already surging from retail investors’ bullishness for the Ethereum ETF approval up next in the pipeline.
That led a massive, multi-month rally gathering enormous strength to the upside starting around this time ahead of the Bitcoin ETF approval in January.
For those investors seeking to gain leverage from an investment in Ethereum (which means greater risks, but greater rewards), old meme coins like SHIB, FLOKI, and PEPE are good.
But for those searching for undiscovered meme coin gems with the most potential for upside profits– one new project that has been featured in CoinPedia, CityPaper, and Blockchain Today is the new Ethereum Kai Cat Coin (KAI), currently in presale for $0.0042 per token.
So what’s behind Solana’s growth?
Solana’s Speed vs. Ethereum’s Security
Here’s one the fundamental analysts will like:
On a timed test using data from Dune Analytics and other blockchain explorers, CoinGecko recently clocked Solana with the highest TPS (transactions per second) among large blockchains: 1,053. Binance Smart Chain (BSC) came in third.
Ethereum ranked well below Solana, but its slower speed and higher costs are actually the key to the leading DeFi network’s adoption by institutions and regulators.
The big players in the United States corporate sector love Ethereum because they understand the slower, more expensive network is more stable and secure because it costs more to use, fending off many cyber exploits. Scalability is a double-edged sword with trade-offs that matter.
Institutional Finance: Bullish For ETH and SOL
Franklin Templeton, the San Mateo, California-based $1.5 trillion global investment management firm, is very bullish for Solana.
https://x.com/FTI_DA/status/1786049586152255659
A March note from the company’s digital assets group names Solana as one of its top 3 holdings.
A May 2 report by Franklin Templeton predicts “accelerated adoption” will make Solana a Top 3 cryptocurrency soon. SOL price spiked 9% on the news.
Ark Invest’s Cathie Woods endorsed Solana in Nov. She’s someone worth listening to about high tech investments. One of ARK’s ETFs was the most profitable ETF in 2023.
But the U.S. Securities and Exchange Commission is about to approve Ethereum for regulated investors– and one former president with skin the color of Bitcoin uses Ethereum to sell his NFTs.
Bottom Line
Both cryptocurrencies are absolutely bluechip blockchain assets that the least degenerate, most above board, white hat, vanilla investor can tell you to add to your portfolio.
Your Uber driver nowadays might mention Ethereum or Solana if the conversation gets into investing. That’s good for the more risk-averse crypto investor.
Both networks’ base tokens are promising investments with some tradeoffs to use the legacy network or the fast new network. One’s Coke, the other is Pepsi.
But total degens (totally degenerate investors) who like to stuff their bag with 10x different altcoins in presale, initial exchange offering, or initial coin offering– knowing 2x will rug, 4x will whiff or break even, 2x will perform like the S&P 500, 1x will make some monster profits, and 1x will launch to the moon— may want to consider Ethereum Kai Cat Coin (KAI).
Check Out KAI Presale
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