Could Solana Replace Ethereum?
Solana's price continues to rise, surging by 24% in the last 24 hours and reaching $45, marking an 80% increase over the past 30 days
Some analysts suggest that this surge is indicative of a classic short squeeze, driven by the narrative that Solana is poised to replace Ethereum
Furthermore, advocates argue that Solana offers faster, more scalable, and cost-effective technology when compared to Ethereum
Notably, Ethereum co-founder Vitalik Buterin publicly supports Solana's developer community, acknowledging their dedication and potential
Currently, Solana's market cap remains at just 8% of Ethereum's, with challenges ahead, including the liquidation of FTX's assets.
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