Can Solana be the next Ethereum???

[Jaered]

Bless you, not in a million years. Solana can never overtake BNB never mind Ethereum. I mean, you are asking a lot of noise from a project which scalability is a big problem, and network outages are far more regular than ever

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[len01]

You are right, there is a problem with solana's network last time but I don't think this encourages more people to get in because it doesn't sound positive. Many existing sol users are in fact stopped buying more sol for a while and they can even sell some due to doubts.

it all happened because the Solana network experienced several blackouts so that some investors were afraid or hesitant to invest more in Solana.
but actually it is also very high risk if investing in coins that have unresolved problems such as problems on the network will greatly reduce the popularity of the coin and the price will sideway.
and some investors today just prefer to invest in coins that are better for the long term and have high utility in the future such as bitcoin which makes investors more trusting compared to other coins

[Habakkuk Swen]

Solana quickly became a favorite among many investors, Does it became the next Ethereum

Crypto market is so unpredictable.  A number of blockchains have made great progress in transaction scalability, and now Ethereum finds itself in the role of catching up with these technologies.
Remember that in June, Solana overtook Ethereum in the number of transactions. Also, Solana clearly demonstrates to users the capabilities of the SVM virtual machine, which allowed it to overtake the performance of the VISA payment system (a sacred goal for Vitalik Buterin). So who knows?

[btc_angela]

You are right, there is a problem with solana's network last time but I don't think this encourages more people to get in because it doesn't sound positive. Many existing sol users are in fact stopped buying more sol for a while and they can even sell some due to doubts.

it all happened because the Solana network experienced several blackouts so that some investors were afraid or hesitant to invest more in Solana.
but actually it is also very high risk if investing in coins that have unresolved problems such as problems on the network will greatly reduce the popularity of the coin and the price will sideway.
and some investors today just prefer to invest in coins that are better for the long term and have high utility in the future such as bitcoin which makes investors more trusting compared to other coins

Yeah, I guess that's one drawback, if the project is really gaining some trust and reputation along the way, they should at least be wary of any downtime because it will really hurt them. And with several blackout being experienced by the project, it make sense that investors are going out and look for other altcoin. Or at least when the project has resolved it's own issues, maybe they can get back the investors they lost.

So still 50/50, but to be fair, we are in the worst bearish state, every project, even Ethereum is losing some investors as they are not willing to put some money because of the prevailing conditions. But then again, no one can dethrone Ethereum at the top of the altcoin market, not even Solana.

[StreakW]

I don't think solana will be able to replace Ethereum. Even though solana is a favorite among some investors, that doesn't mean it will be able to replace Ethereum. As we know that there have been many other altcoins trying to become the next Ethereum but none of them have been successful till now.

[Liz Truss]

I don't think solana can ever be the next ethereum, infact it can never

[JahriMeayer]

Once i used to Though, solana may another hard competitor  of ether as it set goal to become a model for updated internet application but now due to the shortage with blockchain, it sounds getting down gradually. It need 17x more marketcap to replaced ether position while bnb, cardano and others altcoins are already ahead for this matter. Although solana still time to development themself but Don't think it can win over ether

[merekamo]

One of the advantages of SOLANA is fast transactions, and small fees compared to ETH. Moreover, nowadays many NFT projects are using the SOL blockchain. If Solana continues to improve like this, I think it's a good start to head to head with Ethereum. Yeah I mean, SOLANA better than ETH.

[woez]

Solana is a Blockchain that seeks to increase the scalability of today's applications. Solana aims to 'copy' the Ethereum protocol to increase speed and efficiency.

Solana is building a blockchain capable of processing more transactions per second than Ethereum, and Ripple. In fact, Solana can process over 6,000 transactions per second and operates at 1 million transactions per second. Solana is the most scalable blockchain in the world today but has a process to fly.

[amihada]

ethereum is the best coin and cannot be replaced with other altcoins ethereum is a potentially second altcoin after bitcoin so in my opinion ethereum cannot be completed by other altcoins.

[virasog]

I don't think solana will be able to replace Ethereum. Even though solana is a favorite among some investors, that doesn't mean it will be able to replace Ethereum. As we know that there have been many other altcoins trying to become the next Ethereum but none of them have been successful till now.

There are many coins that come into the market with the slogan to replace Ethereum and they are nowhere near reaching the market cap and popularity of Ethereum. Though we never heard such a statement from Solana team that it is a Ethereum killer but still Solana is much better than other coins in the market. But we cannot compare the more decentralized Ethereum network with the centralized Solana blockchain. People would not trust Solana as much as they trust the Ethereum network because Solana is not decentralized and due to this, we had some issues with its blockchain in the recent past.

[AakZaki]

I don't think solana will be able to replace Ethereum. Even though solana is a favorite among some investors, that doesn't mean it will be able to replace Ethereum. As we know that there have been many other altcoins trying to become the next Ethereum but none of them have been successful till now.

Many claims are made that they are new altcoins able to compete with Ethereum and can be one level above it. But that claim is just a one-sided claim where they only made it in their roadmap, but in reality ethereum is still the best. Even though there are now many altcoins that have emerged with their own network, Ethereum is still the top altcoin.
Don't just glance at it, it will take time to prove that the altcoin is able to survive in this high-voltage market.

[vanesha]

does not guarantee that it happens . while ethereum itself is still being developed by their team, so far, I don't think anything is really able to compete with ethereum because the name ethereum has a lot of trust in the community and investors. solana may be able to compete with BNB which I think makes more sense as a competitor.

[irhact]

One of the advantages of SOLANA is fast transactions, and small fees compared to ETH. Moreover, nowadays many NFT projects are using the SOL blockchain. If Solana continues to improve like this, I think it's a good start to head to head with Ethereum. Yeah I mean, SOLANA better than ETH.

Solana only got all the attention it has because Ethereum was misbehaving but now it's beginning to put itself together and Solana mightn't get any mention in the coming years. Ethereum high gas fee will be fixed and the fastness of the blockchain will also be fixed before the next bull market comes which is likely after the halving of Bitcoin miners reward happening in 2024. Ethereum has moved form Proof of work and now operating with proof of stakes.
Solana as a blockchain has so many flaw which the most famous is the constant stoppage that happens to Solana blockchain. If this habits continue many developers will return back to Ethereum or look for better options out there.

[Junii]

Solana is a fast-growing blockchain. It has the ability to overtake on etherium in future but if the developers are able to make the network more secure, the blockchain with good speed and low costs make it a good and profitable crypto.

[Uzairjutt275]

Solana quickly became a favorite among many investors, Does it became the next Ethereum

It is too difficult to tell Sol will be the next Ethereum. Both altcoins are top in cryptocurrency world. But Ethereum has great potential and its blockchain is more secure then sol. I think sol will be the next Ethereum in the future.

[PsyGaming]

Solana quickly became a favorite among many investors, Does it became the next Ethereum

It is too difficult to tell Sol will be the next Ethereum. Both altcoins are top in cryptocurrency world. But Ethereum has great potential and its blockchain is more secure then sol. I think sol will be the next Ethereum in the future.

lol how much did you get paid or are you bag holder? to say this...

[WalkerIVIV]

with the ftt crash that affects solana greatly, it could simply implicated that solana could never replaces eth in the long run, let alone solana, even bnb with binance as a giant company backing it still could hardly surpass eth, so I definitely doubt that solana could pull it off and become the next eth. If there's coin out there that could become the next eth I'd say it's matic since it's like having the same characteristics with eth and it's already starting to grow in term of market valuation. solana in the other hand, still got hold back by the bad news revolving around the coin itself.

[Abiky]

with the ftt crash that affects solana greatly, it could simply implicated that solana could never replaces eth in the long run, let alone solana, even bnb with binance as a giant company backing it still could hardly surpass eth, so I definitely doubt that solana could pull it off and become the next eth. If there's coin out there that could become the next eth I'd say it's matic since it's like having the same characteristics with eth and it's already starting to grow in term of market valuation. solana in the other hand, still got hold back by the bad news revolving around the coin itself.

Solana had investments from FTX, which explains why the collapse of the exchange severely affected the crypto asset's (SOL) price on the market. It's trading below $20 at the time of this writing, compared to its All-time-high of over $200 per coin. That would be a terrible loss for early investors who got into the Solana hype back in 2021. To top it all off, Solana's been a victim of constant network outages during the course of 2022.

A so-called Blockchain network that's unreliable for payments can't simply replace a behemoth like Ethereum. People are dreaming by thinking SOL is going to replace ETH anytime soon. It's not about speed or cost-efficiency, but rather decentralization and censorship-resistance. Until Solana or any other competitor put their focus on what matters most, Ethereum's position on the market will remain untouched. I'm fine with things just the way they are as long as there's healthy competition on the crypto/Blockchain space. Just my opinion

[Adamlaria]

Solana has a large and active following. Solana could become the largest decentralized finance platform in direct competition with Ethereum. Every technology developed by Solana drives the price of the SOL token soaring.