Ethereum

Solana

DeFi

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-sees-price-increase-as-market-engagement-grows/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Sees Price Increase as Market Engagement Grows</a><br></p>
<p style="text-align: justify">Today, Solana’s price observed a 3% increase. The <a href="https://en.coin-turk.com/cryptocurrencies-on-the-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> recently surpassed the $153 level, attracting market interest. A research report published by VanEck indicated that Solana could rally up to $330.</p>
<h2 style="text-align: justify" id="advantages-of-solana-over-ethereum">Advantages of Solana Over Ethereum</h2>
<p style="text-align: justify">According to the MarketVector report from VanEck, Solana outperforms Ethereum in several areas. The report reveals that Solana conducts 3000% more transactions and has 1300% more daily active users compared to Ethereum. Additionally, its transaction fees are significantly lower, making Solana a more efficient and scalable solution.</p>
<p style="text-align: justify">Despite these advantages, <a href="https://en.coin-turk.com/solana-sol-strives-to-regain-100-amid-market-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>‘s market cap remains only 22% of Ether’s value. This indicates that while Solana excels in certain areas, Ethereum’s dominance persists. Although Solana offers speed and low costs, there are alternative solutions providing similar benefits. Moreover, recent updates to Ethereum’s layer 2 solutions have made them ten times more advantageous regarding fees. While Solana’s transaction fees have yet to match Ethereum’s sub-networks, Ethereum continues to make progress.</p>
<h2 style="text-align: justify" id="solana-price-predictions">Solana Price Predictions</h2>
<p style="text-align: justify">Following the report, SOL’s price rose by 3.23% to $151.43, reaching a peak of $153.55 in the last 24 hours. Over the past week, the cryptocurrency gained approximately 17%, indicating a renewed market focus on Solana. Additionally, data from CoinGlass shows that Solana’s open futures positions increased by about 1%, reaching $2.44 billion.</p>
<p style="text-align: justify">According to the technical analysis mentioned in the report, SOL could reach 50% of Ether’s market value, with price predictions suggesting it may hit $330. Factors driving Solana’s growth include the DeFi sector, stablecoins, and payment systems.</p>
<p style="text-align: justify">On the other hand, decentralized exchanges (DEXs) and DEX aggregators play a significant role in the ecosystem. Their ability to offer fast and low-cost transactions makes SOL Coin more attractive to users. The ongoing expansion of DeFi could support Solana’s growth, but Ethereum remains a formidable competitor with its central position in all major DeFi protocols.</p>
<p>The post <a href="https://en.coin-turk.com/solana-sees-price-increase-as-market-engagement-grows/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Sees Price Increase as Market Engagement Grows</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana Sees Price Increase as Market Engagement Grows

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