So Solana is 20x up but Ethereum is dying, yet for years ppl shill Eth why?

[1000x]

I am trying to understand because I come from a point where I learnt about crypto in 2017. So I did not have a lot of money so I could not just buy 50 Bitcoin (it was $2000 back then). So I keep thinking, what can we do in crypto to not just make the big whales richer?

And I had an idea and I started always looking for small projects that are still new. And I have good success and was able to quit my day job in 2018.

And I never had to work for others anymore in a job I dont like!

But then I visit this forum! And I visit Reddit! And every day people tell me to buy Eth! In 2019 they say buy ETH! In 2020! In 2021! In 2022! In 2023! In 2024. Why? I buy other projects always, small good unique projects and it work out great for me!

I miss out on Solana because I was late but i got into Solana last week and was looking into Memecoins!

But again the same thing! Everyone tell me to buy Bonk and dogwifhat. But why? They are already high. They are not going to go x100. So I look for cheap memecoins and found a few unique, good projects and I already had my first x10 and 2 times x5! Now tell me how can you do this on Ethereum in 2024? Its very high fees. People do not like to use it except maybe if you are trading millions then who cares for fee...

So its making the rich richer. Why people not do it like the first Bitcoin investors? Trust in new projects like Solanaland on Solana. When its still uncertain. When its still early. When it might go 100x or 1000x some day.

Its like people do not get that market cap is important. If you go in projects at $5m you will need to put in thousands so its worth it. While in a $50k market cap project you only need to put in $50 and you will have $5000 when its at $5m. And if it goes to $50m it will be $50k for you.

Is that not better? Trust the early projects that are unique and new, and good instead of going in the projects where the already rich people put in $100k or even $500k or even millions?

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[Bureau]

Solana is doing well but it is foolish to assume that Ethereum is dying. Ethereum is far bigger than Solana and its ecosystem is bigger than Ethereum itself. It is because of its ecosystem that Ethereum will not die. The reason why Solana is not trending in the crypto world is due to the meme coins that are in its ecosystem and the way it is going it might get known only for meme coins.

[Coin_trader]

Your name show that you are a person that only investing on shit projects like Meme as well as Solana that quickly show huge jump on the price but rapidly die the hype too once scam VC already pullout their investment.

Maybe you didn’t know that Ethereum price start at the very bottom for as low as below 1$ a piece while your freakin Solana is just on 200$ mark ATH and you already assume that it’s better than Ethereum? Ethereum starts the smart contract hype while the other blockchain just copy the idea and create their own version for their blockchain. In crypto, nothing beats the first mover same with Bitcoin and Ethereum. Other blockchain will just hype and die in the long run.

[deathcode]

Is that not better? Trust the early projects that are unique and new, and good instead of going in the projects where the already rich people put in $100k or even $500k or even millions?

Some people like something new, but others like assets that are already trusted. Solana is getting tremendous attention right now. Network usage is also increasing. many new tokens are gaining attention because they are so successful.
behind Solana's successful market growth, I think is because of their hard work to provide good solutions that the market needs. Transaction fees are low and it's pretty fast. with the situation of Bitcoin and Ethereum which require expensive transaction fees and are quite busy. The market started to shift due to the need to finally build a trustworthy Solana ecosystem.

[btc78]

Well solana is definitely up there in altcoins but we cannot deny that ethereum is the second biggest cryptocurrency after bitcoin for a reason.

Investing in new projects is not that appealing to others because of the risks. Not all of us are trying to make billions here. Even if you invest a quite popular coin already even with small amount you can make profits and that is huge already. We now have more money than we used to have and we can build our portfolio from there.

[Kelward]

I think that we have two types of crypto investors, the ones that goes for long term projects that the others that goes for short term projects, so the category that an investor belongs goes a long way to determine the types of cryptos that they invest in, and I think that the OP is all for the short term and quick profits. Ethereum, like Bitcoin, are reputable coins that have proven their trust in the crypto market, so I believe that Ethereum, is still in high demand and relevant despite it's high gas fees because investors trust it like Bitcoin, they can invest in it and go to sleep with their eyes closed, so for it's hodled on the long term, it's price will keep appreciating like Bitcoin. You can't say the same thing for new projects, they can pump 10x or 1000x today and vanish tomorrow to, so it takes an investor that's into high risk taking to invest in them. Solana, is an exception, their team's innovations have positioned them as a top altcoin that you can buy and also sleep well at night.

[Obim34]

Well solana is definitely up there in altcoins but we cannot deny that ethereum is the second biggest cryptocurrency after bitcoin for a reason.

Investing in new projects is not that appealing to others because of the risks. Not all of us are trying to make billions here. Even if you invest a quite popular coin already even with small amount you can make profits and that is huge already. We now have more money than we used to have and we can build our portfolio from there.

We don't have to compare Ethereum and Solana, don't you think why Ethereum is ranked top out of all Altcoins is due to the fact it's intrinsic value is worthy to investors to make investment and earn good profit.  Most investors are scared of investing on any new Altcoins due to some security reasons, what's the authenticity of such Altcoins not crashing someday, not neglecting the fact that Ethereum is nearest to Bitcoin very unrealistic to assume Ethereum crashes. And people also prefer Ethereum due to how correlated it is to Bitcoin, as long Bitcoin increases same is applicable to Ethereum.

[BuyingBitcoin]

The weakness to Solana are DDOS attacks. Michael Saylor likes to call it "cyber hornets". Solana network has gone down for at least 6 hours. Even though it's transaction speed is the best in the world, it's still vulnerable to DDOS attacks.

[tsaroz]

There are several reasons. Ethereum has pioneer bias. Ethereum is one of the most decentralized coin with it's long POW period. There are more programmers knowledgeable about coding smart contracts for Ethereum. Being older and most frequently used, ethereum has lesser chances of encountering new bugs or loopholes. The fee difference between Ethereum and Solana is not as huge as last year. Similarly there are some pushing factors in Solana like decentralization, there had been issues of network shutting down several times in the past. Yet, the pace at which solana is catching up is fast. But as newer L1 competitors come, they are likely to take more of solana's market than that of Ethereum.

[husencoe]

I believe that you are able to see opportunities in new projects and get them at a low price. But of course that doesn't apply to all ordinary people. Investing in a new project carries huge risks. If you carry out the analysis incorrectly, all the money invested will be lost. Especially if you invest in a scam project, of course it will make you discouraged.

I think Bitcoin and Ethereum are still the best. Investing at a high price does not mean they make small profits and do not grow. For some people, investing with small returns on small risks is better than the risk of losing their assets.

Solana is really popular right now. This is due to its incredible fees and transaction speed. However, that doesn't mean that BTC and ETH are dying because Solana is here. Moreover, the hype that occurred in memes, that also made Solana even more popular. Many people are taking advantage of the hype to profit while they can. In other way, this also happens because people save costs from BTC dan ETH and use Solana as an alternative. And this is on thing that make lift Solana is. But that doesn't mean there won't be improvements to the ETH network. Currently the development of layer 2 token is increasing, and it will become an alternative settlement for ETH problems.

[TastyChillySauce00]

Ehh dying? Are you joking? i don't even see ethereum was dying. It's also very close to the new ATH and how can you call it as dying? Solana gone 10x caused by it was also dumped for almost 100% when SBF's case was happening. It's a common thing to see that when market trust it back again then solana was increasing from $10 to the $100.
I think that you are wrong here by calling etehreum is dying right now. The fact that if's different case as ethereum never dumped below 2000, right since the last bullrun? It has proven that how ethereum can maintain the performance from its price since last bullrun.

[batang_bitcoin]

Is that not better? Trust the early projects that are unique and new, and good instead of going in the projects where the already rich people put in $100k or even $500k or even millions?

Do what seems to be working and better for you. If you are with those projects that are new and you think that you're one of the earliest investors of it then go for it. And let alone those investors that are into the old ones that has already a lot in terms of market cap. We've got different ways of investing in the market and what seems to be working with them, they're just following the technique that they've been used to and that's because there won't be problems with liquidity and such with the existing ones.

[fapar]

Solana is doing well but it is foolish to assume that Ethereum is dying. Ethereum is far bigger than Solana and its ecosystem is bigger than Ethereum itself. It is because of its ecosystem that Ethereum will not die. The reason why Solana is not trending in the crypto world is due to the meme coins that are in its ecosystem and the way it is going it might get known only for meme coins.

I completely agree. We heard a similar bullshit in relation to BTC, now apparently the time has come for FUD for ETH. But time will put everything in its place.
In addition to memcoins, Solana, like EVM-compatible chains, can also boast of successful liquid staking and swaps projects, i.e. doesn't offer anything brilliantly new. Although some projects have recently been launched or relaunched on Solana.

[Text]

Ethereum has been a foundational platform in the crypto space, with many dApps and smart contracts built upon its blockchain. This established network effect and developer ecosystem have contributed to its enduring popularity despite its scalability challenges and high gas fees. While projects like Solana offer solutions to some of Ethereum's limitations, its longevity, brand recognition, and developer community still make it an attractive investment for many. The upgrades aim to address its scalability issues and reduce transaction costs.

[kentrolla]

You got it all wrong mate and to be honest I don't even feel like explaining you the difference between SOLand ETH ecosystem, ETH ecosystem is much bigger than SOL and as far as i remember my first entry into ETC was when it was trending at $2 and now look how far it has come? I don't think SOL can ever be as large as ETH and hey ETH has managed so many bear market and during 2018 when there was bloodbath in market including the Bitcoin it was ETH which managed to sustain three more month before getting bearish. ETH is not dying rather it's in accumulation zone.

[Bushdark]

There is nothing wrong with Ethereum all we just have to finish to look at it from the normal perspective.
For the fact that a crypto project is trending do not mean that others are less competitive when compared to it. I think we need to know what we are writing and from what angle we are drawing the table. The table is not supposed to be wise compared to the capacity and trust which Ethereum has built in the time past. We don't just have to keep comparing because a project is trending than others.

[Sophokles]

This won't be Justice to make comparison between the price action of eth and solana. Its easy to move the price of a small marketcap coin than a larger one. Solana is still one of the biggest marketcap in the crypto industry but look at the marketcap of solana when it was 10$ and look at the marketcap of eth when it was 2k.

[nelson4lov]

So Solana was down almost 99% and only went back to almost ATH. In comparison to Solana, Ethereum has grown as well. It didn't dump as hard as Solana did ($260 to $8) so I think it has done relatively well compared to solana. Even we want to talk about the biggest innovations in crypto, only Ethereum is pushing the bounds. Other protocols are only replicating token standards on Ethereum to their own chain (ERC20s, NFTs, vaults, etc).

Let's talk TVL:
Solana — https://defillama.com/chain/Solana
Ethereum — https://defillama.com/chain/Ethereum

Ethereum's TVL is 10x bigger than that of Solana. The only insight that Solana fares better than Ethereum in, is the fact that gas fees are almost negligible and for that, users have to thank the solana foundation because I heard fees are heavily subsidized thus, fees might go up if subsidy is removed which would happen on some point.

Let's not forget solana is the de facto chainbfor shitcoins and memecoins gambling.

[pawanjain]

Solana is doing well but it is foolish to assume that Ethereum is dying. Ethereum is far bigger than Solana and its ecosystem is bigger than Ethereum itself. It is because of its ecosystem that Ethereum will not die. The reason why Solana is not trending in the crypto world is due to the meme coins that are in its ecosystem and the way it is going it might get known only for meme coins.

I am an Ethereum fan myself but the fact that Solana has made far more returns in this bull cycle than Ethereum bugs me.
In fact I had a decent amount invested in Solana but since it's blockchain started getting outages I became skeptical about it/
Then in the bear cycle the price of Solana dumped to $8 and I sold all of it. Now I see it near to it's previous high.
Although I lose a huge amount of profits but I still feel the value it brings to the table is not as good as Ethereum.
That's the reason why I am still holding Ethereum although it's providing less returns.

[1000x]

Your name show that you are a person that only investing on shit projects like Meme as well as Solana

Everything was a shit coin once. Do you think people who found out about Bitcoin for the first time many years
ago believed it would get as big as now?
 
No they did not. They trusted an early project. Most who used Bitcoin over those years even did not value
it at all, it was just a tool for some darknet tranactions.

I rather trust innovation and new projects but I know the majority always hates that. The  majority of
crypto people now would have NEVER went into Bitcoin. They would have hated it. They would have ignored
it.

They hate innovation like Solanaland:
 

Everybody will have a big plot of land and can live there in harmony with others. Everyone can fence in their plot if they want to. Together with a common goal and like minded people to grow together and to prosper on SolanaLand
 
https://www.dextools.io/app/en/solana/pair-explorer/RohmJxZsz3776rnrZkeGS1J3Zv6AmerGkALwZ2ch7dR?t=1711273688022
 
https://www.permaland.org

People just want fake safety, people want to be LIED TO with big projects as Ethereum that only make a few billionaires richer who got it early for $0.25.

Why do people never understand they are just exit liquidity for billionaires with Ethereum?