EthereumThe price rose almost twice as much SolanaOver the past month, outperformance will be temporary, according to Adrian Fritz, director of research at Switzerland-based asset manager 21Shares.
Ethereum is the safest and most decentralized Smart Contract He said that Solana is still a smaller project, for a community of developers who are constantly striving to “do better.” Decryption on friday.
“Ethereum was mostly on the pedestal, overlooking the other Layer-1 chains, but they became a bit lazy,” Fritz said. “Solana, on the other hand, is more commercially oriented.”
Ethereum prices have increased 43% to $3,600 over the past month due to less concern from investors about the lack of engagement and potential value of the Ethereum Foundation. Layer 2 Network. Nonprofit organizations commit To address these issues a few months ago. Still, ETH is 26% below the $4,900 pandemic-era high in 2021.
Almost 60% of users in countless markets predict that Ethereum will reach record highs this year. (Myriad Markets is a Dastan product. DecryptionParent company. )
Fritz believes that the second-largest cryptocurrency by market capitalization will set the best newest of all time this year, but it’s falling well enough to the recently penciled $10,000 mark of some bulls, including Fundstrat co-founder and Fundstrat co-founder Tom Lee.
Robin Hood Recently published efforts Building an Ethereum Layer-2 scaling network has been a prominent catalyst for Ethereum, as it highlighted how traditional finance can leverage Ethereum’s network as a global payment layer for existing products, Fritz said. At the same time, Kraken is push So-called Xstocks on Solana and other Layer-1 networks.
“Solana is more centralized, but much faster and cheaper,” Fritz added. “So obviously, many institutions will lean towards Solana for any (involved) deal.”
At the same time, Fritz acknowledged that many mainstream investors do not fully understand Solana’s value as a faster network that can grow quickly at a low cost.
Many people ask Fritz if the chain is “just for meme coins and speculation,” he said.
For activities in Solana I ran the Red Hot In January with President Donald Trump’s Meme Coin debut, Fritz said it was a “perfect combat test” that showed Solana could become a potential major trading venue worldwide. Tokenization assets.
The institutional adoption of both networks can increase with the passage of ridiculous laws. And the same narrative that drives the prices of Solana and Ethereum could play the role network companies chose to issue tokens that have been stolen from the dollar, Fritz said.
“Within the team, it’s kind of a hot discussion,” he said, referring to other 21 share analysts. “The rivalry between the two chains is definitely on.”
