Ethereum
Which Chain Has Better Meme Coins: Solana (SOL) or Ethereum (ETH) Tokens
Solana has had a huge influence over the past 12 months, swelling with capital inflows and climbing the market cap rankings to take its place behind Ethereum – even surpassing Binance’s BNB coin for the Binance Smart Chain in March and s getting ready to start again.
Ethereum is still the leader in decentralized finance (DeFi) and is already surging from retail investor optimism for the approval of the Ethereum ETF, the next step in the works.
This led to a massive multi-month rally, gathering enormous upside strength from this period, ahead of the Bitcoin ETF’s approval in January.
For investors looking to benefit from investing in Ethereum (meaning higher risks, but greater rewards), legacy coins like SHIB, FLOKI, and PEPE are good.
But for those looking for undiscovered coin gems with the greatest upside profit potential, a new project that has been featured in CoinPedia, CityPaper and Blockchain Today is the new Ethereum Kai Cat Coin (KAI), currently on presale for $0.0042 per token.
So, what’s behind Solana’s growth?
The speed of Solana versus the security of Ethereum
Here’s one that fundamental analysts will like:
In a timed test using data from Dune Analytics and other blockchain explorers, CoinGecko recently pointed out Solana with the highest TPS (transactions per second) among major blockchains: 1,053. Binance Smart Chain (BSC) came third.
Ethereum ranked well below Solana, but its slower speed and higher costs are actually key to the leading DeFi network’s adoption by institutions and regulators.
Big players in the U.S. enterprise sector like Ethereum because they understand that the slower and more expensive network is more stable and secure because it costs more to use, thus fending off many cyber exploits. Scalability is a double-edged sword with significant tradeoffs.
Institutional finance: bullish for ETH and SOL
Franklin Templeton, the $1.5 trillion San Mateo, Calif.-based global investment management firm, is very bullish on Solana.
https://x.com/FTI_DA/status/1786049586152255659
A March memo from the company’s digital assets group names Solana as one of its top 3 holdings.
A May 2 report from Franklin Templeton predicted “accelerated adoption” will soon make Solana one of the top 3 cryptocurrencies. The price of SOL rose 9% on the news.
Cathie Woods of Ark Invest approved Solana in November. He’s someone worth listening to on high-tech investments. One of ARK’s ETFs was the most profitable ETF in 2023.
But the U.S. Securities and Exchange Commission is close to approving Ethereum for regulated investors — and a former president with skin the color of Bitcoin is using Ethereum to sell his NFTs.
Conclusion
Both cryptocurrencies are absolutely top-notch blockchain assets that the least degenerate, most honest, vanilla investor can tell you to add to your portfolio.
These days, your Uber driver might mention Ethereum or Solana if the conversation is about investing. This is good for the more risk-averse crypto investors.
The base tokens of both networks are promising investments with some tradeoffs for using the old network or the new fast network. One is Coke, the other is Pepsi.
But total degens (total degenerate investors) who like to fill their bag with 10x different altcoins in pre-sale, initial exchange offering or initial coin offering – knowing that 2x will be effective, 4x will feel or break even, 2x will perform like the S&P 500, 1x will make monster profits, and 1x will launch to the moon— you may want to consider Ethereum Kai Cat Coin (KAI).