Why Cathie Wood Believes Solana Could Outpace Ethereum?

Adekunle Joshua

Amidst its impressive price rally, Cathie Wood, CEO of ARK Invest, praises Solana

She highlights the blockchain protocol's efficiency and cost-effectiveness, giving tough competition to its rival Ethereum

Following these comments, Solana's native token SOL extended its monthly rise to nearly 200%, eyeing the $100 target after Wood's remarks

Wood also believes that Solana's efficiency has the potential to outpace Ethereum in terms of speed and cost-effectiveness

Despite regulatory challenges, Wood is optimistic about the future of cryptocurrencies and projects a $25 trillion market by 2030.

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