Analysts speculate on what Solana (SOL) has in store for 2024. Notably, one of the analysts believes that Solana will follow in Ethereum’s (ETH) footsteps and give around 50X returns.

Since the 2021 bull cycle, many have given the tag of Ethereum killer to Solana. Will the crypto give spectacular returns similar to ETH?

Will Solana Continue to Outperform Ethereum This Year?

Following the impressive rise of Solana since its bottom, many experts announced that the altcoin would overtake Ethereum.

If analyst Raoul Pal is to be believed, SOL could not only surpass Vitalik Buterin’s creation this year but also experience a spectacular rise. Pal compared the chart of ETH during its bull run in 2018 to the current price of Solana and pointed out similar elements.

He said:

So I just flip up the chart of ETH in 2018 and then put it against the chart of Solana, they are pretty much identical. ETH did 47X from that low.

Read more: Solana vs. Ethereum: An Ultimate Comparison

Thus, some believe that the altcoin can surge up to 50X, as ETH did post-2018 lows. A hypothesis that is also taken up by other traders who foresee an unprecedented influx of capital into the project.

To justify their opinion, the experts all agree on the same thing: if Ethereum offers many options for creating a project, Solana shines with its closed system, which knows how to build loyalty in its community. Moreover, it has Go to Source to See Full Article
Author: Harsh Notariya

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