Solana 'No Longer In Ethereum's Shadow, SOL Could Outperform ETH,' Says Expert
Portfolio Pulse from Khyathi Dalal
Solana (SOL) is outperforming Ethereum (ETH) in terms of token listings, daily active addresses, and NFT transactions. Experts predict bullish short-term price action for SOL, with potential to surge towards $174. SOL has seen a 10.7% gain over the past week.
July 16, 2024 | 1:04 pm
News sentiment analysis
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NEGATIVE IMPACT
Ethereum is being outperformed by Solana in terms of token listings and daily active addresses. This could lead to a relative underperformance in the short term.
Ethereum's lower performance in token listings and daily active addresses compared to Solana may lead to a relative underperformance in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Solana is outperforming Ethereum in token listings, daily active addresses, and NFT transactions. Experts predict a bullish short-term price action for SOL, with potential to surge towards $174.
Solana's ecosystem growth, higher daily active addresses, and leading position in NFTs are driving positive sentiment. The formation of a bullish 'W pattern' and expert predictions further support a potential price surge.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100