Posted 1/21/2024, 7:49:00 PM
Solana Gains Steam as Cheaper, Faster Ethereum Alternative Despite Temporary Slowdown
- Solana is gaining momentum as a faster, cheaper alternative to Ethereum for things like NFTs and DeFi
- Major institutional investors like Cathie Wood are buying into the "Solana as the next Ethereum" narrative
- Solana's mobile crypto strategy with the Saga smartphone aims to onboard more crypto users
- Competition from Bitcoin spot ETFs has temporarily slowed institutional inflows into Solana
- The author is bullish on Solana vs Ethereum long-term due to Solana's tech and mobile advantage