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Home > News
Published: 22/03/2024
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Author: Leexim
Solana Earns the Title of Ethereum Slayer
Solana demonstrates superior Capital Efficiency compared to Ethereum, yet despite ecosystem expansion, SOL's price remains subject to volatility.
Azcnews
SOL has been on the market for the past few weeks and its price has increased thanks to the growing popularity of the network. One of the factors that sets SOL apart is its capital efficiency.
Solana takes the lead
Solana has demonstrated leadership in capital leveraging, a key factor in the Traditional Finance (TradFi) sector, demonstrating the project’s proficiency in financing and investing. In the DeFi sector, Solana also strengthens the strength and stability of the protocol, promotes maximum profitability, facilitates competitive competition, enhances liquidity, reduces risk and encourages innovation.
Research firm Reflexivity Research compared capital efficiency on Solana with Ethereum in the DeFi sector, pointing to SOL’s superiority. Data shows that Solana’s design has special features that help optimize capital efficiency in the DeFi sector. Faster transaction speeds and lower costs compared to Ethereum, minimizing transaction confirmation wait times.
Additionally, parallel processing allows for efficient DeFi operations. Solana’s architecture also separates data and code storage, helping to reduce costs and increase efficiency.
Screenshot 2024 03 21 at 2.42.36%E2%80%AFPM
Source: Artemis
Positive capital efficiency could be the deciding factor for Solana’s game changer in the competitive DeFi scene. By attracting users through fast transactions, low fees, and the ability to leverage less locked capital, Solana can build a strong DeFi ecosystem.
This positive cycle attracts users and developers, drives innovation, and solidifies the network’s position as a leading DeFi platform. Ultimately, positive capital efficiency helps Solana not only compete with, but also surpass, established DeFi competitors like Ethereum.
Related: Ethereum Fund Under Government and SEC Scrutiny
Analysis of data from Artemis shows that the number of daily active addresses on the Solana network has increased from 870,000 to 1.56 million. The number of transactions on the Solana network also did not change significantly.
SOLUSDT 2024 03 21 15 07 35
Source: Trading View
Despite the positive performance of the network, SOL price has encountered some volatility. Over the past few days, SOL price has dropped 20% after reaching $209.
After that, SOL price recovered and increased 13.42% to $195.69. However, SOL’s OBV has decreased.
OBV fell despite rising SOL prices, suggesting weaker buying pressure, which could lead to a bullish trend reversal or limit future upside.
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22/03/2024 at 3:30 am
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Uzzal Kumar Mohonto
22/03/2024 at 6:57 am
Sir how to earn solana
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Home > News
Published: 22/03/2024
-
Author: Leexim
Bernstein Predicts Bitcoin Price to Reach $90,000 by Year-End
Financial services firm Bernstein has revised its year-end price target for leading cryptocurrency Bitcoin ($BTC), raising it to $90,000 from a previous level of $80,000, highlighting a consolidation of bullish factors.
Azcnews (2)
According to the latest report from analysts Gautam Chhugani and Mahika Sapra, a new Bitcoin bull cycle is underway, fueled by strong capital inflows into newly launched Bitcoin exchange-traded funds (ETFs) eyes, along with a strong expansion in mining capacity and historic mining revenues.
The analysts note that Bitcoin miners remain “attractive buying targets for equity investors looking to participate in the crypto cycle”, and have revised their estimates for the Cryptocurrency mining stocks.
Bitcoin Halving Cycles
Bitcoin Halving Cycles
They noted that they observed a hashrate decrease of 7% following Bitcoin’s upcoming halving, compared to a 15% decrease they had previously predicted. Hashrate is an index of the computing power underpinning the Bitcoin network, as miners compete to find new blocks.
The reward to miners for each block found will be halved next month, from 6.25 to 3,125 BTC in an event known as halving. Halving is part of Bitcoin’s currency supply and occurs every after 210,000 blocks are mined, which equates to approximately every four years. Hashrates often decrease after halvings because some miners become unprofitable from the reduced rewards. However, the revised forecast from Bernstein shows that the halving hashrate decrease will not be as severe as before.
Bitcoin Halving 2024
Bitcoin Halving 2024
Taking a long-term view, Bernstein has revealed predictions for a “monster” crypto market cycle, forecasting total market capitalization to surge to $7.5 trillion by 2025, nearly three times compared to its current value of $2.53 trillion. The report reasoned that this increase would bring significant growth to Robinhood’s crypto revenue, which could increase by a factor of nine.
Bernstein’s bullish outlook includes predictions for each cryptocurrency, including that Bitcoin’s market capitalization is expected to reach $3 trillion by 2025, up from its current market capitalization of $1.31 trillion, which means BTC price will double next year, surpassing the $150,000 mark.
Related: Bitcoin Surges to $67,000, Triggering $300 Million in Liquidations
Ethereum ($ETH), the second largest cryptocurrency by market capitalization, is predicted to reach $1.8 trillion, up from the current level of $422.4 billion, helping the Ethereum price surpass the 10,000 threshold USD to trade near $15,000, up from current levels of $4,000.
The report also predicts a total market capitalization of $1.4 trillion for other top blockchain tokens, with analysts Gautam Chhugani and Mahika Sapra writing that they believe “the crypto market is experiencing level of acceptance from the organization never seen before.”
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Avatar of SaeedurRehman
SaeedurRehman
22/03/2024 at 4:48 am
Yes I m interested
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Real Dan Asiwaju
22/03/2024 at 5:38 am
Masha Allah
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