Ethereum

Rally

Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereums-rally-and-the-competition-with-solana/" data-wpel-link="internal">Ethereum’s Rally and the Competition with Solana</a><br></p>
<p class="p1" style="text-align: justify">Over the past three months, during the upward trend in the cryptocurrency market, Solana managed to outperform <a href="https://en.coin-turk.com/celo-finds-refuge-in-ethereum-solana-and-others-face-challenges/" data-wpel-link="internal">Ethereum</a> in gains. However, a 8.9% increase in Ethereum’s price in the last 24 hours has led to signals of investors returning to Ethereum. At the time of writing, Ethereum is trading at $2378, and we are examining what is expected in the coming days.</p> 
<h2 class="p1" style="text-align: justify" id="noteworthy-target-for-ethereum">Noteworthy Target for Ethereum</h2> 
<p class="p1" style="text-align: justify">Jordi Alexander, the chief investment officer of Selini Capital, stated on December 27th via X that “Ethereum’s revenge is starting,” a post that managed to catch the crypto community’s attention.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-295045" src="https://coin-turk.com/wp-content/uploads/2023/12/jordi-tweet.png" alt="" width="550" height="668"></p> 
<p class="p1" style="text-align: justify">Alexander referred to several altcoin rallies and Michael Saylor’s purchase of $615 million worth of <a href="https://en.coin-turk.com/bitcoins-delta-risk-reversal-indicates-continued-rise/" data-wpel-link="internal">Bitcoin</a> on December 26th as solid foundations for an upward move in Ethereum’s price in the coming weeks:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“The risk/reward in Ethereum here is so compelling that I see a liquidity black hole forming in January.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify">Popular investor and analyst Pentoshi added to the bullish target for Ethereum, making a notable post via X with a price target of approximately $3,485.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-295047" src="https://coin-turk.com/wp-content/uploads/2023/12/pentoshi-tweet.png" alt="" width="550" height="499"></p> 
<h2 class="p1" style="text-align: justify" id="solana-and-ethereum-advocates-face-off">Solana and Ethereum Advocates Face Off</h2> 
<p class="p1" style="text-align: justify">The tension between community members advocating for the Solana and Ethereum ecosystems has reached a notable point in the last few weeks. According to TradingView data, while Ethereum has gained 102% in value since the beginning of the year, its price performance has been overshadowed by Solana, which has seen a significant gain of 951% since the start of the year.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-295049 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/eth-kazanc.webp" alt="" width="1260" height="760"></p> 
<p class="p1" style="text-align: justify">This significant price performance and the number of transactions in the ecosystem have led many to claim that Solana’s lower fees and faster payment times make it a superior blockchain compared to Ethereum. Recent airdrop events and the memecoin hype in the Solana ecosystem have helped spread these types of thoughts more widely.</p> 
<p class="p1" style="text-align: justify">However, Ethereum supporters argue that the architecture of the networks is more suitable for larger organizations operating in the ecosystem and point to Layer-2 scaling solutions like Optimism and Arbitrum as examples of cheaper fees on the Ethereum network.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-295051" src="https://coin-turk.com/wp-content/uploads/2023/12/jesse-tweet.png" alt="" width="550" height="608"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereums-rally-and-the-competition-with-solana/" data-wpel-link="internal">Ethereum’s Rally and the Competition with Solana</a></h5>

Ethereum’s Rally and the Competition with Solana

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