Will Solana outperform Ethereum and Bitcoin? Zak Killerman outweighs the current cryptocurrency rage and more
It seems like everyone you know owns at least one cryptocurrency coin – whether it’s Dogecoin or Bitcoin, the crypto market has never been hotter as some “smaller coins” really have more precedence. Corresponding Triple A, As of 2021, the estimated global crypto ownership rates average 3.9% with over 300 million crypto users worldwide. And over 18,000 companies are already accepting payments in cryptocurrency, including large companies like Masted Paypal.
Let’s talk about Solana.
It’s the latest in crypto rage. Solanas SOL Token rose to the seventh most valuable cryptocurrency this week, Overtaking Dogecoin on Tuesday and rose 26 percent to a record high of $ 125.98 (106.55) before later slipping back to eighth place.
Last month, Solana is up a whopping 220 percent.
The token only debuted 18 months ago but is now valued at over $ 30 billion.
What is Solana?
Solana is the fastest blockchain in the world and the fastest growing crypto ecosystem with over 400 projects spanning DeFi, NFTs, Web3 and more.
GCT’s lifestyle expert, Despina Karp, met with Zak Killermann, fintech and crypto expert. composed finder talk about Solana and the future of cryptocurrencies.
Thanks for your time Zak! Where do you think crypto will be in 5-10 years?
“Five years ago, the total market capitalization of the entire crypto market was around $ 12 billion – now we’re back to over $ 2 trillion, which is a huge ~18,000% increase in 5 short years. 10 years ago, crypto was relatively non-existent compared to today. In 5 to 10 years I imagine that this trend will continue with many leaps and setbacks. Things that the market could only dream of 5 years ago – DeFi, institutional investments, introduction as national currency – are reality today. “
Now everyone is asking the question: do you think Solana will surpass Ethereum and Bitcoin?
“It depends how you look at it. Many Altcoins outperform BTC and ETH in terms of overall percentage growth, but that’s just a metric to measure the success of a cryptocurrency. The comparison of Solana with ETH and BTC in terms of an apple-to-apple comparison, market capitalization or trading volume shows that Solana still has a long way to go before she is dethroned. “
What is currently the safest coin?
“The safest coin that you can buy right now is the one that you have researched for a long time and that you understand on both a technical and a public level. The technical level is the underlying function of the coin, and the public level is its perceived status in the cryptocurrency world. All cryptos are “safe” to buy if you know when to sell, just as any stock makes the same promises. “
What does the future of Cardano look like?
“Just as Ethereum saw a huge price spike when the network went through an upgrade, Cardano saw similar spikes when it announced its upcoming Alonzo upgrade. In the short term, Cardano’s performance will be based on the success of the Alonzo upgrade, which adds smart contracts to the network. In the longer term, Cardano’s success will depend on its ability to outperform Ethereum – which will become more difficult with the introduction of Ethereum 2.0. “
So there you have it! Don’t buy cryptocurrency unless you’ve studied it thoroughly! Seriously, do your research.
Zak Killermann is an experienced writer at Finder who has been specializing in cryptocurrencies and blockchain technology for five years – from ICO booms to crypto winters to meme coins and more. He mined and minted cryptocurrencies and remembers the days when DOGE was just for fun. Zak’s focus is on breaking down technical concepts (like yellow newspapers) that the average person can digest on their morning commute. Before getting into crypto, Zak contributed to Finder’s vertical money transfer.