Krutika Adani
Whales have shown their confidence in ETH, which helped it gain 9% against Bitcoin in the last week.
The investment might be inspired by the growth in DeFi activity on Ethereum.
After the London Upgrade, DeFi on Ethereum grew due to lowered fees.
Crypto analyst Peter Brandt sees even more growth for Solana, which has even lower fees and a faster blockchain.
Brandt says Solana could gain 100% compared to ETH, taking the former crypto’s price above $400