Ethereum Is Pumping, But Solana Will Still Outperform: 21Shares

EthereumThe price has risen by almost twice the percentage of SolanaIt is the past month, but the outperformance is likely to be temporary, according to Adrian Fritz, head of research at the Switzerland asset manager 21Shares.

Although Ethereum is the safest and decentralized Smart contract Platform, Solana is still a smaller project with more top, partly because of the community of developers who are constantly striving for “better execution,” he said Decrypt On Friday.

“Ethereum was almost on a pedestal and looked at other Layer-1 chains and they became a bit lazy,” said Fritz. “Solana, on the other hand, is much more commercial.”

The price of Ethereum has risen by 43% in the past month to $ 3,600 because investors have been less concerned about the observed lack of involvement of the Ethereum Foundation and the potential value of Layer-2 network. The non-profit involved himself to tackle these problems months ago. Nevertheless, ETH 26% act below the highest point of the Pandemic era of $ 4,900 in 2021.

Almost 60% of countless markets users predict that Ethereum will reach a record high this year. (Countless markets is a Dastan product, DecryptThe parent company.)

Fritz believes that the second largest cryptocurrency per market capitalization will determine a new of all time this year, but shoots the $ 10,000 mark that some bulls, including co-founder of Fondstrat and co-founder of Fundstrat Tom Lee Tom Lee, become a blue-chip-altcoin.

Robinhood’s Recently revealed efforts Building an Ethereum Layer-2-scale network was a remarkable catalyst for Ethereum because it emphasized how traditional finances could use the network of Ethereum as a global layer for existing products, Fritz said. At the same time, cracking is pink So-called Xstocks on Solana and other Layer-1 networks.

“Solana is more centralized, but it is much faster and cheaper,” Fritz added. ‘So for everything [involving] Acting, of course, many settings will tend to Solana a bit. “

At the same time, Fritz acknowledged that many regular investors do not fully understand the value of Solana as a faster network that can quickly be grown at low costs.

Many ask Fritz if the chain is “only for meme coins and speculation,” he said.

When activity on solana ran red -hot In January, in addition to the debut of US President Donald Trump’s Meme Coin, Fritz said it was the “perfect battle test” that demonstrates token assets.

Institutional acceptance of both networks is likely to increase with the approval of the Stablecoin legislation. And the same stories that stimulate the price of Solana and the Ethereum prize could play a role in which network companies chose to publish Dollar-Peg Inkens, Fritz said.

“Within the team it is a kind of hot debate,” he said, referring to other 21Shares analysts. “The rivalry between the two chains is certainly on.”