‘Ethereum Killer’ Solana (SOL) Sees Massive 300% Rise Against ETH By U.Today


© Reuters. ‘Ethereum Killer’ Solana (SOL) Sees Massive 300% Growth Against ETH

U.Today – In a remarkable turn of events, , initially hailed as a “killer” more than two years ago, has solidified its reputation by posting an extraordinary 300% surge against Ethereum (ETH) over the past few months.

The crypto market witnessed a paradigm shift as SOL soared a whopping 440% to peak at $118.3 – a milestone not seen since April 2022.

During the same period, the price chart showed an unparalleled rise, reaching 0.051 ETH per token. This increase has not been seen since December 2021 and the trend shows no signs of abating.

Notably, as Solana experienced this meteoric rise, Ethereum remained relatively stagnant, prompting speculation that Ethereum’s era of dominance may be waning.

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Flippening, but Solana is flipping Ethereum

Analysts began to question whether Solana was ready to dethrone permanently. The media landscape is buzzing with discussions of a potential shift in the cryptocurrency hierarchy, with some suggesting it may be consigned to the past while Solana charts the future.

While Ethereum has shown modest growth in response to market momentum, Solana’s remarkable rally has left it 20% away from its all-time high relative to the price of Ethereum.

The lingering question now is whether it can live up to its “Etherea killer” moniker and set a new all-time high. ETH, on the other hand, faces the challenge of recovering from the lags of recent weeks.

With the newfound importance of Solana, market watchers are wondering if the cryptocurrency landscape is witnessing an initial shift towards an innovative blockchain platform.

This article was originally published on U.Today