Solana Price to Lag Ethereum’s While Network Addresses Scaling Issues: Standard Chartered

SaltworksPrice is likely to be a rival rival EthereumDuring the next “two to three years” because of the scaling problem, which currently prevent Blockchain is wider use of its current focus on meme coins, said the International Banking Group of Standard Chartred in launching a cryptocurrency covering on Tuesday.

Solana-Eethereum price ratio is likely to rise from the current level from 14 to 5pm to 2028, before it has been drew again in 2029, the standard Chartred Digital assets of Geoffrey Kendrick wrote, which means that one salt will trade on a much lower amount of its layer-1 blockchain competitor.

Salt has recently traded at around $ 180, which is about 2% in the last 24 hours and more than 19% over the past month, while ETH has changed his hands of almost $ 2700, 4.5% gain and almost 50% increase in the last 30 days, according to Coingecko data.

Solana reached a record record level of just over $ 293 in January. In his note, Kendrick predicted cryptocurrencies, which reached $ 275 until the end of the year and $ 500 by the end of 2029. He expects ETH, who reached his $ 4,878, set in 2021, to reach $ 4,000 and $ 7,500 in 2029 this year.

“In addition to coin trading, Solana should be dominated by future sectors with large quantities of transactions, low transaction costs and rapid times of transactions while developing-financial applications with high permits and traditional consumer applications such as social media,” Kendrick wrote. “However, achieving a scale in these areas may be several years.”

The note comes because Solana was unable to keep up with Ethereum, which has increased in the last month. These trends revealed those from earlier in the year when salt increased due to intense interest in meme coins that favored the net over Ethereum because of its speed and efficiency.

Meanwhile, Meme Frenzy disappeared, and Ethereum increased its prospects by an upgrade of Pectra, which increased safety and efficiency and increased the number of tokens that could be put from the account, helped encourage the rally Ethereum.

“Solana … is optimized to produce fast, cheap and reliable confirmation of transactions,” Kendrick wrote. “As a result, it dominates the areas that require solutions of high number, low-transaction costs. For now, this is mostly in the meme coin trade, which is most of the salt activities.”

He added, “Solana trades” cheap “in GDP reached [application revenue]… Like strongly reduced, the activity of meme coin -related meme coin seems to have passed its peak. The decline in use and trading ‘cheap’ are not a good mix. “

Edited by James Rubin