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International Business Times
International Business Times
Business
Nica Osorio

Crunching Numbers: Solana Poised to Outshine Ethereum By 5x, Say Glassnode Co-Founders

Solana SOL Glassnode Ethereum FTX Crypto Franklin Templeton Bitcoin Chainwire
Paris, France, May 3rd, 2023, Chainwire (Credit: Chainwire)

KEY POINTS

  • Glassnode co-founders: "the SOL-ETH ratio could rise to ~0.76 from the current level of ~0.14"
  • Happel and Allemann that while Ethereum will also rally, Solana "may outperform" ETH "by 4-5X into the Crypto top"
  • As of 5:31 a.m. ET on Friday, SOL was trading at $94.69

Solana, the intrinsic digital asset of its eponymous blockchain platform, employing a proof-of-stake consensus mechanism, is poised for an unprecedented surge, with projections suggesting it could outperform Ethereum by a factor of five.

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