Solana Could Reach $330, Capturing 50% of Ethereum’s Market Cap, Says MarketVector Report
A new report projects that Solana (CRYPTO: SOL) could see its market value surge to $330, capturing 50% of Ethereum‘s (CRYPTO: ETH) market cap.
What Happened: The report by MarketVector, a thematic index provider backed by VanEck, highlights Solana’s superior performance metrics and suggests that the cryptocurrency is significantly undervalued compared to Ethereum, presenting a major investment opportunity.
VanEck’s CEO Jan Van Eck will be one of the headline speakers at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
According to the report, Solana outperforms Ethereum in several key areas, processing 3,000% more transactions, maintaining 1,300% more daily active users, and offering transaction fees that are nearly 5 million percent cheaper.
Despite these advantages, Solana’s market cap remains only 22% of …
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