Ethereum

Flow

Cryptocurrency

Solana

Better

Source: AdobeStock 
Cryptocurrency analyst Lark Davis has predicted that Ethereum will reach a price of $15,000 per coin in the upcoming bull cycle of 2024-2025.
Despite the asset’s relatively subdued performance this year, Davis foresees a significant upswing that could potentially yield substantial gains for investors.
In a video published on X on December 25, Davis explained that the anticipated surge would not be triggered through buying, selling, or staking but rather through Ethereum layer-2 assets.
Ethereum Will Make Millionaires In 2024, BUT Not How You Think <a href="https://t.co/00YCLPyGCl" rel="noopener noreferrer nofollow">pic.twitter.com/00YCLPyGCl</a>
— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1739292414781845698?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 25, 2023</a>
The YouTuber also delved into the current and upcoming layer-2 listings, including zkSync, <a href="https://cryptonews.com/news/starknet-foundation-set-to-allocate-1-8b-strk-tokens-for-user-rebates-and-provisons-committee.htm" rel="noopener noreferrer nofollow">Starknet</a>, Linea, Scroll, Blast, Manta, and Celestia. He highlighted the potential for short-term profits associated with these new listings.
While acknowledging the historical pump-and-dump patterns observed in newly launched tokens, Davis pointed out instances where tokens gained significant traction after being listed on major exchanges.
Despite presenting potential opportunities, Davis offered a cautious outlook for Ethereum in 2024. Drawing comparisons with historical gains, he predicted substantial growth if Ethereum replicates or slightly surpasses its previous cycle’s highs, which reached <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">around $4,800 in November 2021</a>. Source: CoinMarketCap 
Following its all-time high, <a href="https://cryptonews.com/news/missed-out-on-ethereum-eth-and-solana-sol-could-it-be-time-to-take-a-look-at-pullix-plx.htm" rel="noopener noreferrer nofollow">ETH</a> experienced a notable 81% decline during the bear cycle, reaching its lowest point at $880 on June 18, 2022.
Subsequently, Ethereum embarked on a recovery trajectory, predominantly exhibiting an upward trend throughout 2023. This culminated in a noteworthy high of $2,400 on December 9 and a press time price of $2,367. Source: CoinMarketCap 
However, Davis cautioned that individuals entering the market at the current Ethereum price may only experience significant gains if they make substantial investments.
<h2 id="sol-poised-to-be-the-better-asset">SOL Poised to Be the Better Asset</h2>
 The price of SOL, the native cryptocurrency of the smart-contract-enabled layer-1 <a href="https://cryptonews.com/news/solana-price-prediction-as-sol-drops-10-time-to-buy-the-dip.htm" rel="noopener noreferrer nofollow">Solana blockchain protocol</a>, has surged significantly, surpassing the $118 mark and reaching its highest value in eighteen months. As of December 27, the asset’s price <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">stood at $108.59</a>. SOL 30-Day Market Data 
This notable uptick coincided with a surge in gas fees within the Ethereum ecosystem, where transaction costs briefly spiked above $10. Some users even reported fees as high as $150 for transactions worth only $50 on the Ethereum blockchain.
$150 in gas fees to bridge $50 worth of ETH. <a href="https://twitter.com/hashtag/newparadigm?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#newparadigm</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://twitter.com/hashtag/thefutureishere?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#thefutureishere</a>
— Matt Trienis (@digimat) <a href="https://twitter.com/digimat/status/1737148170453532833?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 19, 2023</a>
Although Ethereum gas fees have since decreased by 50% from the week’s peak, users have actively explored alternative blockchain platforms with lower transaction costs, leading to increased activity on Solana.
Messari’s <a href="https://messari.io/report/solana-fundamentals-vs-ethereum?utm_medium=organic_social&amp;utm_source=twitter_messari&amp;utm_campaign=solana_fundamentals_vs_ethereum" rel="noopener noreferrer nofollow">December 14 report</a> further highlights a staggering 400% increase in active addresses on Solana in the last three months, compared to Ethereum’s 3%.
In Q4 alone, active addresses on Solana have increased by nearly 400% compared to a mere 3% increase on Ethereum.
Dive into the report <a href="https://t.co/70XuVFgax0" rel="noopener noreferrer nofollow">https://t.co/70XuVFgax0</a>
— Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1736823832433012857?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2023</a>
Solana’s appeal is underscored by its consistently low fees, averaging less than $0.01, according to <a href="https://coincodex.com/article/24933/solana-gas-fees/" rel="noopener noreferrer nofollow">CoinCodex’s recent report</a>.
Furthermore, the platform has recorded a positive trend in fund flows. Solana-based investment funds <a href="https://blog.coinshares.com/volume-162-digital-asset-fund-flows-weekly-report-30bf22a62894" rel="noopener noreferrer nofollow">attracted $10.6 million</a> in the week ending December 16, surpassing inflows into major assets like Bitcoin and Ethereum. Source: CoinShares Funds Flow Data 
In December alone, Solana funds saw inflows of $14.1 million, marking the highest in the cryptocurrency sector. Currently, SOL’s trajectories outpace those of ETH, suggesting its potential as a superior asset for a significant surge in the upcoming bull run next year.
However, this swift ascent prompts a crucial question within the crypto community: Is the remarkable rise in Solana’s value a fleeting occurrence, or does it mark the commencement of a new era in its market dominance?
The answer is entwined in a complex interplay of market trends, investor sentiment, and the evolution of the cryptocurrency landscape.

Crypto Analyst Lark Davis Predicts Ethereum Price to Surge to $15,000 in 2024 — Here’s the Latest

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