Is Solana the real Ethereum killer?
Solana is one of the fastest-growing cryptocurrencies in the crypto market. It has performed nicely to replace Ethereum in the coming years, According to the market analysis, it is found that its price will not increase as much as Ethereum but definitely, it can replace Ethereum in Ranking.
Most of the investors and traders are not accepting Ethereum because of its high fee in transactions and its latency at the same time Solana project is creating hype because it is much faster in transactions than Ethereum with a low transaction fee.
Solana is currently competing with Binance Coin, Polkadot, and Tether in the market. It has left many cryptocurrencies behind in the crypto market just because of its fast secure and open structure, many of project has adapted Solana chain and its market expansion is increasing day by day.
How Solana Is Ranking?
Leaving behind many of the cryptocurrencies Solana is now in the top 10 and has taken 6th rank in the cryptocurrency market. Its current price is $182 and the price is continuously rising.
Should We Invest In Solana?
As if now, it is the perfect time to invest in Solana, currently it's rising per day so it can be a good time to invest and hold for a long time. It is also the fastest-growing ecosystem in the crypto market with over 400 projects.
Transaction speed
If we compare it with Ethereum, then Ethereum is completing only 15 transactions per sec and BSC is completing 100 per sec, and Polkadot per 1000 per sec but Solana is completing 65000 per sec that is super fast. If we compare its transaction speed then it is again the lowest.
Transaction Fees
Ethereum - 30-80$ per trasaction
Polkadot - $1 per trasaction
Binance Smart chain - $0.01 per trasaction
Tron - Free
Solana - $0.00025 per transaction
Conclusion
When Solana is skyrocketing that much faster in the cryptocurrency market than it may take over Ethereum's market and its projects. Traders and investors are moving towards Solana instead of Ethereum for smart contracts, You need not wonder to invest in Solana, have a market analysis first then you can invest in this.
Do you think Solana is an Ethereum killer? Comment your answer!
