As we enter 2025, crypto analysts are making predictions concerning the market performance and price action of tokens. Often dubbed the “Ethereum Killer,” Solana has steadily climbed the ranks in the market with its blazing-fast transactions and low fees. Now, analysts predict SOL will likely overtake ETH in 2025 and beyond.
They see the token trading between $148.33 and $386.76, with SOL coin having the potential to improve its position in the market. Analysts have also noted a unique PayFi token, Remittix(RTX), which they predict has the potential to better Solana’s price performance. Here’s why!
Can Solana Flip Ethereum in 2025?
Since October 23, 2024, the SOL/ETH trading pair has hit a record high of 0.0692 ETH, marking a 600% rally. This meteoric rise has increased speculation that SOL could potentially flip Ethereum’s market capitalization in the future. This SOL bullish outlook can be attributed to increased network usage and upgrades that could challenge ETH’s dominance. Notably, Solana’s daily DEX trading volume has steadily risen, sometimes surpassing Ethereum’s DEX volume during peak periods.
The main driver behind SOL’s bullish momentum selling is its lower transaction fees and fast transaction speeds, which have attracted new token launches, especially in the meme coin market. While meme coins have driven Solana’s recent growth, outperforming most crypto giants in the bullish market, these assets are notoriously volatile, suffering steep downturns during bear phases. For the SOL token to overtake Ethereum, it must rally 3.5x its current market capitalization to reach ETH’s $440 billion valuation.
While the move may appear challenging, analysts at VanEck are optimistic about SOL crypto, suggesting that the crypto asset could reach 50% of Ethereum’s value in the coming years. If Solana continues to outperform in terms of its daily active users and transaction volume, it could likely overtake the large-cap altcoin.
Can Ethereum Rise Fuel Bigger Gains?
Ethereum’s price started a fresh recovery wave above the $3,550 zone and aims to increase above the $3,700 resistance level. Notably, the large-cap altcoin i
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Author: Crypto Daily
