Can Solana be the next Ethereum???

[DanWalker]

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

Admittedly, the death of FTX severely affects Solana as FTX is known to be Sol's biggest strategic investor. Currently, Sol's price is under $20, if you compare it to ATH it's a huge drop but if you compare it with Sol's ICO sale price of $0.10, now the original investors are still making huge profits investing in Sol.

I don't appreciate Sol but it certainly won't die just because of FTX, as for Sol being able to replace ETH, at first I thought it was a myth and never happened. It's all just their marketing hype.

[1715545434]

1715545434

[1715545434]

1715545434

[1715545434]

1715545434

[coinerer]

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 was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum.  And Solana might be a better ecosystem in the future.  But it will not be the same as Ethereum and it will never be an alternative to Ethereum

[sukmo]

for me and probably many newbies in the crypto world Solana is an ordinary blockchain. There is no reason for this blockchain to become the next ethereum and you will stop with this kind of gimmick. Blockchain will not kill another blockchain. You should know that if what you are talking about above is not even true.

Solana has become an alternative blockchain to ethereum and this is a fact that is happening in the market. No need to call ethereum killer anymore. as a good buy is due to the fact that several projects have been launched on this platform and that gives me reason to hold it. Solana is a great project, but it cannot be compared to ethereum, due to the fact that ethereum has grown a lot due to the support of the larger community.

but I don't think that SOL will be the next Ethereum. People who are connected to cryptocurrency know about Ethereum very well and Ethereum has its own community. SOL is still growing and I hope we can see some good steps from it

[Abiky]

Admittedly, the death of FTX severely affects Solana as FTX is known to be Sol's biggest strategic investor. Currently, Sol's price is under $20, if you compare it to ATH it's a huge drop but if you compare it with Sol's ICO sale price of $0.10, now the original investors are still making huge profits investing in Sol.

I don't appreciate Sol but it certainly won't die just because of FTX, as for Sol being able to replace ETH, at first I thought it was a myth and never happened. It's all just their marketing hype.

Solana will never replace Ethereum, but it will be a good alternative for those who'd want ultra-fast transaction speeds at a fraction of the cost. Compared to other coins, SOL is the best crypto for day trading, NFTs, and P2E games. The FTX collapse will only affect the cryptocurrency's price within the short term. But it should be able to rise back up again if developers continue to work on the project no matter what.

For what I know, nothing lasts forever. Either Solana disappears or remains on the scene for a very long time. As long as you diversify your investment into various cryptocurrencies, you'll have nothing to worry about. Just my opinion

[hd49728]

Solana will never replace Ethereum, but it will be a good alternative for those who'd want ultra-fast transaction speeds at a fraction of the cost. Compared to other coins, SOL is the best crypto for day trading, NFTs, and P2E games. The FTX collapse will only affect the cryptocurrency's price within the short term. But it should be able to rise back up again if developers continue to work on the project no matter what.

Solana is far to reach to success of Binance Smart Chain BSC so it will impossible to beat Ethereum in near future. Before Solana can move closely to Ethereum, it must beat Binance Smart Chain BSC first. Even BSC is out of reach for Solana at the moment and the Solana network has lot of drawbacks must be handled.

For what I know, nothing lasts forever. Either Solana disappears or remains on the scene for a very long time. As long as you diversify your investment into various cryptocurrencies, you'll have nothing to worry about. Just my opinion

Maybe Solana will survive through this bear market and it won't be another project dies in a bear market. That is good enough as there is lot of time for their developers to improve their technology. Blockchain is here, cryptocurrency market is here and there are many cryptocurrency users who are readily to pick good altcoins to use and for their portfolios.

Solana was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum.

Their blockchain has many technical problems that caused a lot of troubles to their users and many times were reflected on market price. People believed in Solana because it was backed by FTX and Alameda but now these backers gone away with their collapses and bankruptcies.

And Solana might be a better ecosystem in the future.

Solana will have very difficult time ahead until this bear market ends. They must survive first before they can think of brighter future.

[coinerer]

Solana was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum.

Their blockchain has many technical problems that caused a lot of troubles to their users and many times were reflected on market price. People believed in Solana because it was backed by FTX and Alameda but now these backers gone away with their collapses and bankruptcies.

Solana was able to develop a lot of their own as a new blockchain but all of a sudden their blockchain problems caused them to lose a lot of investment from their project and their token holders were dwindling.  They are trying hard to solve everything.  But at the same time due to poor condition of market and Luna, FTT cross, more pressure is put on them and they are not able to get out of their problem.  And many are speculating that Solana may also crush

[ranaprime]

Solana had a good correlation with FTX which led to massive price drop of Solana along with FTX. I think if this FTX recovery is not possible then it will be difficult for Solana to come back early in the market. Until the next bullish trend it is hard to say what will exactly happen to Solana.

[len01]

Solana had a good correlation with FTX which led to massive price drop of Solana along with FTX. I think if this FTX recovery is not possible then it will be difficult for Solana to come back early in the market. Until the next bullish trend it is hard to say what will exactly happen to Solana.

after big issues with FTX solana is one of the affected coins. but for me it's only temporary and some time later it will be normal again.
it is not uncommon for market crashes to occur as several coins are affected by such incidents and their prices suffer deep but temporary declines.
and i see solana is a good coin in the field of transactions that is quite fast and most likely the price of solana will not continue like this and will recover soon

[thecodebear]

Solana was the biggest new thing in 2021, and it'll never come back.

Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.

Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.

Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.

Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.

[alexandr1115]

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 was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum.  And Solana might be a better ecosystem in the future.  But it will not be the same as Ethereum and it will never be an alternative to Ethereum

I think this is also due to the fact that many exchanges have blocked USDT and USDC deposits in the Solana blockchain network! At the same time, they did not indicate any reasons! What do you think about it? Although the articles indicate that the stable coins (USDT and USDC) do not belong to Solana, and they were just issued on the Solana network, but they have nothing special to do with Solana!

[coinerer]

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 was known in the market as a good ecosystem and it became very popular but due to some problems Solana is slowly drifting away from everyone and since the recent FTT crash there are many effects on Solana which will prevent Solana from being like Ethereum.  And Solana might be a better ecosystem in the future.  But it will not be the same as Ethereum and it will never be an alternative to Ethereum

I think this is also due to the fact that many exchanges have blocked USDT and USDC deposits in the Solana blockchain network! At the same time, they did not indicate any reasons! What do you think about it? Although the articles indicate that the stable coins (USDT and USDC) do not belong to Solana, and they were just issued on the Solana network, but they have nothing special to do with Solana!

Solana Blockchain's USD USDC deposit withdrawals from various exchanges are being suspended as Solana's blockchain transactions speed has slowed down and some specific problems are occurring on their chain.  Because of this, the exchanges have temporarily suspended Solana network deposit and withdrawals of many coins, but they may be unsuspended again if Solana is able to resolve their issues.

[len01]

Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping.  These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.

your statement is wrong if you call Solana to be a stable coin. and some of what you said is a bit off the mark from the fact that Solana's price dropped drastically because of the accident that happened to FTX. because FTX is the largest holder of the Solana coin and after FTX went bankrupt Solana became the risk of falling prices.



maybe one day Solana will fix this problem and come back to increase the price again because behind them is a good development team. but one thing you have to remember is that Solana still can't replace ethereum

[Abiky]

Solana was the biggest new thing in 2021, and it'll never come back.

Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.

Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.

Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.

Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.

Network outages, and now the recent FTX collapse, will ultimately "kill" Solana's ability to overcome Ethereum in the long run. It's unfortunate things will turn out this way, since the project holds a lot of potential to revolutionize the crypto/Blockchain industry (fastest confirmation times and cheapest fees per transaction unlike any other blockchain in the world today). The SOL cryptocurrency is now trading below $14, way below its ATH of over $200 per coin. Only a "miracle" would save Solana and make it one of the top 5 cryptocurrencies in market cap. But I doubt there's a chance for Solana to recover, especially when developers haven't fixed the network outages yet (in other words, they don't care about the project at all).

I don't think Solana or any other smart contracts platform will "beat" Ethereum, especially when the latter has first-mover advantage on the market. At least, there will be many platforms to choose from. People will ultimately decide which platform stays and which one goes all the way down the drain. As long as there's healthy competition on the industry, nothing else matters. Just my thoughts

[Fesatmas]

Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping.  These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.

your statement is wrong if you call Solana to be a stable coin. and some of what you said is a bit off the mark from the fact that Solana's price dropped drastically because of the accident that happened to FTX. because FTX is the largest holder of the Solana coin and after FTX went bankrupt Solana became the risk of falling prices.



maybe one day Solana will fix this problem and come back to increase the price again because behind them is a good development team. but one thing you have to remember is that Solana still can't replace ethereum

It's still a long way to go if Solana is going to be the next Ethereum, especially with some of the problems they're currently facing. I also disagree with what's been said regarding Solana being a stable coin. Because what happened and what was said is something that is very far from reality.
Indeed, Solana has had a lot of fans, especially in the last year, but they are now recovering to get better with what they are experiencing. So I think it will be very difficult for SOlana to follow Ethereum's lead.

[Baofeng]

Solana was the biggest new thing in 2021, and it'll never come back.

Solana's fate is sealed. They can't even keep it up and running...how many times has it broken over the past year?? lol. Blockchains need to actually work, which means they are always up.

Solana had its day in the sun late Summer and Fall of last year, but that time is over now. The fact that Solana was tied up with FTX just makes its death quicker.

Man, I thought I was getting out late when I sold all my SOL at like $46 this Spring. It just went down to $11!! Though I should have sold 12 months ago when it was still around $200 when that first outage occurred.

Oh well, there will be new smart contract platforms for the next bull run that'll get the same sort of hype SOL, ADA, DOT, LUNA, etc got in the last bull run as most or all of the stars of the last bull run fade away. The lifecycle of Crypto.

Network outages, and now the recent FTX collapse, will ultimately "kill" Solana's ability to overcome Ethereum in the long run. It's unfortunate things will turn out this way, since the project holds a lot of potential to revolutionize the crypto/Blockchain industry (fastest confirmation times and cheapest fees per transaction unlike any other blockchain in the world today). The SOL cryptocurrency is now trading below $14, way below its ATH of over $200 per coin. Only a "miracle" would save Solana and make it one of the top 5 cryptocurrencies in market cap. But I doubt there's a chance for Solana to recover, especially when developers haven't fixed the network outages yet (in other words, they don't care about the project at all).

I don't think Solana or any other smart contracts platform will "beat" Ethereum, especially when the latter has first-mover advantage on the market. At least, there will be many platforms to choose from. People will ultimately decide which platform stays and which one goes all the way down the drain. As long as there's healthy competition on the industry, nothing else matters. Just my thoughts

I think that there is pattern for new coins, it's either they are the next hype or will be the next Ethereum killer.

When I was new this was already the trend in 2017, I can't remember how many projects claims to be the Ethereum killer but no one beats Ethereum and on the contrary, those projects suddenly die or maybe still in the cryptospace existing but nowhere near the success that they claim to be in the beginning.

Even BNB was touted to be the next Ethereum, yeah it enjoyed success because of CZ but still though in terms of market cap and volume, no altcoin can match ETH, maybe besides USDT but that is another story.

[Insanity]

Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping.  These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.

Solana was once very popular, now Solana prices are in the middle of dumping due to the deterioration of market conditions. However, everyone is still hoping that if market conditions improve in 2023, Solana prices will increase again.

[LastKiss]

Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping.  These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.

Solana was once very popular, now Solana prices are in the middle of dumping due to the deterioration of market conditions. However, everyone is still hoping that if market conditions improve in 2023, Solana prices will increase again.

Before Solana surpasses Ethereum, it should surpass other projects like Polygon, and BNB. Even if market conditions improve Solana still can't win, it should keep developing or upgrading their product so many people will use it like BSC which is already popular right now because it's easy, fast and BNB has small fees.   

[solehdavid]

One of the most important features of Solana is its limited supply. The limited supply means that its value can rise rapidly. but the fact that solana is run by a team is a disadvantage because in every team there can be disagreements and break-ups. in the long run I am not sure about that. global developments will have the last word.

[Pam beasely]

Solana became popular very quickly and attracted many investors. The main advantage of SOL is it is limited, but recent few days were hard for Solana. Investors are disappointed because of the numerous outages that are happening on the Solana (SOL) blockchain. The outages have resulted in major delays in transactions made on Solana. 

The Solana price prediction made by Coinpedia for 2022's end is $13.6248, now it is to wait and watch whether the Solana be able start or stop the transactions of its members and surge in SOL prices.

[Heulahee]

I had got research about Solana, there are top holders of Solana still exist which it is very difficult to go down in the very near time, but in crypto everything is possible and I must say that it will take some time to reach the position of the Etherium, we had Etherium was not there before at the position, it is now.