Why Solana Will Crush Ethereum Despite "Merge" Upgrades

By Travis Hoium – Sep 7, 2022 at 11:35AM

CRYPTO: SOL

Solana

Market Cap

$82B

Today's Change

(7.06%) $9.95

Current Price

$142.21

Price as of April 19, 2024, 9:56 p.m. ET

Solana is faster and cheaper than Ethereum, and that will be its long-term advantage.

Ethereum's (ETH 3.75%) upcoming Merge has gotten a lot of the crypto market's attention over the past month, but it may not be as meaningful as investors think. Speeds aren't expected to increase, and costs are expected to remain high. At the same time, Solana (SOL 7.06%) continues to build a vibrant ecosystem on a fast, low-cost blockchain that I think has more potential than Ethereum in the long term. This video digs into why Solana could have a big advantage.

*Stock prices used were end of day prices of Sept. 2, 2022. The video was published on Sept. 6, 2022.

Travis Hoium has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Ethereum and Solana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he'll earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.