Solana is predicted to surpass Ethereum in growth

Asset management company VanEck has shared its forecast of the value of the digital asset of Ukrainian developer Anatoliy Yakovenko. According to experts, Solana has every chance to grow significantly in the future, surpassing Ethereum.

Despite its previous ties to the scandalous crypto mogul Sam Bankman-Fried, SOL $241.39 Solana -1.07% Market capitalization $114.59 billion VOL. 24 hours $0.93 billion has managed to thrive, reaching its highest level since May last year. At the time of writing, Solana’s value has dropped by 5% per day, following the market leader and major altcoins that have shown significant declines.

The Solana blockchain is positioning itself as a faster and more cost-effective option to Ethereum. However, ETH remains the leading choice for NFT markets and decentralized financial applications. This may change significantly next year, as asset management company VanEck has predicted that Solana will be among the top three blockchain networks by market capitalization.

Analysts expect several asset managers to apply for a Solana ETF by next year. The current Solana ecosystem confirms this forecast. The token’s developers have established key cooperation with traditional global financial institutions. Solana has partnered with industry giants such as Visa and Shopify, which use its technology to speed up their payment processes.