Crypto analyst Santiago Santos just lately drew parallels between the Solana and Ethereum networks. As a part of his evaluation, Santos advised that Solana had a bonus over Ethereum, one thing which he believes might trigger the previous to meet up with the latter quickly sufficient. 

Solana’s Latest Run Comparable To Ethereum’s ICO Increase

Santos talked about in an X (previously Twitter) publish that Solana is “going by way of what Ethereum did in the course of the ICO growth.” Nonetheless, not like then, when it was solely whitepapers, Solana has purposes seeing significant utilization and development, the analyst additional claimed. This is among the the reason why Santos believes that Solana will “converge on Ethereum quicker than most imagine.”

The crypto analyst was referring to Solana’s latest run, with the community seeing a variety of exercise. A few of this exercise has been credited to the purposes and protocols being constructed on the Solana community. Significantly, the Decentralized Trade (DEX) Jupiter has been drawing a variety of consideration to Solana and even just lately surpassed Ethereum’s Uniswap in each day buying and selling quantity. 

Alternatively, Ethereum is understood to have generated vital buzz on the top of the ICO (Preliminary Coin Providing) growth, with a variety of initiatives swamping the community on the time. Notably, Ethereum’s Decentralized Finance (DeFi) panorama then occurred to present the community an edge, a contributing issue to ETH’s rise to turn into the second largest crypto token. 

Santos’ latest remark echoes a rising perception within the crypto neighborhood that Solana could certainly be primed sufficient to take Ethereum’s place because the King of DeFi. Narratives which have continued to work in Solana’s favor embrace its velocity and cost-effectiveness. 

Following Santos’ publish, one other X person hinted that Solana’s adoption charge would in all probability be increased than Ethereum’s, contemplating customers don’t have to fret about excessive charges.

SOL worth loses footing above $100 | Supply: SOLUSD on Tradingview.com

Solana To Hit $150 Quickly?

The vital exercise on the Solana community is believed to be one of many catalysts that might drive SOL’s worth to $150. A number of analysts have continued to focus on that worth degree as the following vital cease for the crypto token. Furthermore, Jupiter is set to airdrop its JUP tokens on January 31.

This extremely anticipated occasion will trigger new cash to stream into the Solana ecosystem, with SOL’s worth prone to be positively impacted by this splurge of liquidity. Past Jupiter, different DeFi initiatives on Solana are making waves, and these initiatives might additionally launch their native tokens sooner or later within the yr. 

On the time of writing, SOL is buying and selling at simply over $100, down over 2% within the final 24 hours, in accordance with knowledge from CoinMarketCap.