It’s been reported that an important Ethereum competitor will be leading the next bull cycle. Check out the latest reports below.
Solana to lead the next bull cycle
Raoul Pal said not too long ago that there is an important Ethereum (ETH) rival that is likely to outshine the rest of the crypto markets next bull cycle.
In a new ask me anything (AMA) session, the Real Vision founder says that while the Solana (SOL) blockchain has had technical issues as of late. It’s been also revealed that SOL’s sky-high activity on-chain and network growth are still there.
“I like Solana. Yes, I understand it keeps breaking. Yes, I also understand that everybody knows that so there is no informational edge in that whatsoever. Therefore, if it survives breaking and it’s one of the largest crypto protocols, and it has more activity than any other chain outside of Ethereum, then the likelihood that Solana participates well in the next up cycle is very high to me.”
He also said:
“So I like Solana, it’s one for me.”
As the online publication the Daily Hodl notes, Pal says that most asset classes are driven by the growth of central banks’ balance sheets, and when they expand, they tend to debase fiat currencies.
SOL can boost crypto mass adoption
Not too long ago, SOL was featured in the news again. It’s been revealed that a popular crypto analyst said not too long ago that Ethereum (ETH) rival Solana (SOL) could be on its way to bringing a billion more users to the digital asset space.
In a new strategy session, the host of InvestAnswers says that Solana’s history of network outages comes because of the fact that the project continuously tests the limits of blockchain beyond what has been done before.
According to the analyst, Solana is “not just another chain.” More than that, the digital asset has the potential to spark the next big wave of adoption in the industry.