Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

If Cathie Wood Is Bullish on Solana, Should You Be Too?

TheMotleyFool 
0 0 26.11.23
If Cathie Wood Is Bullish on Solana, Should You Be Too?: https://g.foolcdn.com/editorial/images/755944/stock-market-investor-person-looking-at-smartphone-and-laptop.jpg
 

Given the huge price rally for Solana (CRYPTO: SOL) this year, it's no surprise that investors, traders, and analysts are now rushing to put out fantastic new price predictions for Solana. With Solana up nearly 450% for the year and now trading around the $55 mark, many now suggest that Solana could soon break through the $100 level before regaining its all-time high of $260.

Of course, for that to happen, Solana will need to continue to gain ground at the expense of chief rival and market leader Ethereum (CRYPTO: ETH), which is still 10 times more valuable. But just how realistic is that scenario? Let's take a closer look.

The primary investment thesis for Solana overtaking Ethereum can be summarized in just three words: Faster and cheaper. One of the proponents of this investment thesis is high-profile investor Cathie Wood of Ark Invest, who has long been known for her bullish views on Bitcoin (CRYPTO: BTC) and all things crypto. On CNBC, Wood recently suggested that the reason why Solana is so valuable is because it is faster and cheaper than Ethereum.

Continue reading


Source Fool.com

Sol Stock

€34.85
0.730%
Sol gained 0.730% compared to yesterday.

Show more
Like: 0
SOL
Share

Comments

Not a member yet? Sign up for free!