Solana takes over Ethereum, what's next for investors? Anush Jafer explain

economictimes.indiatimes.com:

Solana's (SOL) impressive performance, Anush Jafer, a Mudrex Research Expert, shared his perspective on the ETMarkets live stream, weighing in on the potential shift in the crypto hierarchy. With SOL now posing a serious challenge to Ethereum (ETH), Jafer discussed the strategic moves investors should consider.

Jafer began by acknowledging the buzz around Solana’s recent surge, surpassing Ethereum in certain metrics, particularly in terms of transaction speed and cost efficiency. «Solana has made significant strides, particularly with its scalability and low transaction fees, which are attracting a lot of developers and users,» Jafer noted. This development, he explained, has prompted many to question whether SOL is poised to challenge ETH's dominance in the long run.

Despite Solana’s rising popularity, Jafer emphasized that Ethereum's established ecosystem, particularly its smart contract capabilities and extensive developer community, still gives it a competitive edge. «Ethereum has been the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs). It's not just about the technology; it's about the network effect,» he said, highlighting the importance of Ethereum's large and active user base.

For investors, Jafer