Bank of America analyst Alkesh Shah predicts that Ethereum (ETH) will continue to lose market share against Solana (SOL).
Ethereum (ETH) performed quite well in 2021, but this performance seems to be overshadowed by Solana.
Solana is about 2% against Ethereum last year. increased by 200%. However, the SOL/ETH pair has slumped 8% this year and the entire market has undergone a major correction.
By turning into something like Solana’s Visa, Shah could become the crypto industry’s payment protocol.
Although Ethereum is ahead of Solana in terms of decentralization, Shah stated that the blockchain is not scalable enough, which increases transaction costs. Although Solana is more centralized compared to Ethereum, it is ahead in terms of scalability.
Solana’s own problems still continue. As will be remembered, the Solana network collapsed on September 14. Then on December 4, it stopped for 5 hours.
Solana is trading at $152.14 at the time of writing, according to CoinMarketCap data.
