In the early days of Solana, it was dubbed “Ethereum Killer.” Fast forward to today, and a lot of things have changed. But the battle for supremacy is still going on.
Which of these two cryptocurrencies fares well when it comes to investing for the long-term? Well, let’s dive right in.
Ethereum (ETH)
As you know, Ethereum is going through a series of upgrades in order to make the blockchain more secure, scalable, and sustainable. Ethereum’s upgrade roadmap includes 5 stages: the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge.
As the Ethereum ecosystem matures with time, ETH is going to be a fundamentally strong token, powering a host of crypto projects.Although the FTX-Alameda crisis, coupled with crypto winter, has significantly brought down the price of ETH, its future prospects remain on the brighter side of the spectrum.
According to available data, combined with the AI price forecast, the price of ETH may increase by +117.93% in the next 5-years. According to Wallet Investor’s AI analyst, ETH has a positive outlookand there will be a positive trend in the future. If you can hold ETH for the long term, it is very likely that you will make money.
Solana (SOL)
Solana is currently going through difficult times. SOL’s price has been hit hard due to its ties with now bankrupt FTX-Alameda Research.
According to reports, Alameda has over 50.5 million SOL from the Foundation and 7.56 million SOL from Solana Labs, the company that represents the founders and core contributors to the Solana network. A large portion of that SOL is locked up in monthly unlock schedules that will unclock in 2028 and 2025, respectively.
However, no one knows how it’s going to play out in the future. Amid the crisis, Alameda can dump millions of solana tokens if needed. This will further strain the already poor public sentiment around this token and may lead to a crash in the price of SOL.
Until all these uncertainties are cleared, SOL is a very high-risk asset to invest in. According to Wallet Investor’s AI analyst, SOL has a negative outlook, and you should refrain from investing in this token.
Source : Coingape
