Solana Vs Ethereum: Which Is The Best?

The battle of the decade Solana vs Ethereum has been going on pretty intense. The recent and upcoming Bitcoin halving events have fueled the competition further. In this article, we will focus on Solana price prediction vs. Ethereum price prediction while answering the question of whether Solana is better than Ethereum.

The Growth Of Ethereum’s Market

Ethereum made it first to the public in 2015, the blockchain has been hailed as a platform for creating smart contracts and hosting decentralised Applications (DApps). At the time, the coin operates as the base for multiple leading DeFi protocols and rapidly growing in the NFT market. The ETH’s market capitalisation has crossed well over $250 billion and is the world's second-best crypto.

The Historical Climb Of Solana

Solana was discovered by Anatoly Yakovenko back in 2017, an ex-Qualcomm engineer, building a unique blockchain framework developed on the Proof of History consensus mechanism. The technology was directed towards delivering quick transaction speeds combined with minimum costs. 

Solana's fame lies in the rapid transaction speed of the network. However, the SOL network has its fair share of critics pointing at its centralised operations as compared to competitors like Ethereum. Notably, SOL’s market capitalisation has crossed over $35 billion, making it the fifth most valuable crypto in the globe; fueling the hype of Solana vs Ethereum. 

What Is Ethereum 2.0?

Ethereum has a rich history over the years, as many upgrades and incidents positively changed the network while correcting setbacks. In the mid of September 2022, the coin shifted from the proof-of-work (PoW) to the proof-of-stake (PoS) model. The change was made to increase scalability, decrease the energy footprint, and reduce the network’s transaction times. 

The upgrades hailed with the name of Ethereum 2.0, which was linked to the evolution of Ethereum for better performance and enhanced accessibility. The term is now defunct, as the community takes the updates as an evolution and not something new. 

The term was used informally to cover different aspects of the Ethereum blockchain, meanwhile, it didn't make it to the mainstream and the community preferred to call the upgraded blockchain Ethereum. Two more terms popular with Ethereum are the execution layer called ETh 1.1 and the consensus layer ETH 2. 

Solana vs Ethereum Price Prediction

Crypto analysts have made their calculations for Solana price prediction for this year. Solana will be trading around $63.20 by the end of December 2024, with a possibility to drop to a lowest of $58.11. The average price for Solana will be around $60.66.

Looking at the past performance of SOL coins over the past years, the market experts in 2025, predict the coin to be around $232.91. The maximum value for Solana price prediction is $285.61, meanwhile, the coin might be trading at $239.78 on average.

Ethereum saw a great boost with the Shapella upgrade in April 2023. The coin jumped from $2,100 to $2,801. Looking at the recent Ethereum price prediction made by experts, the coin might hit $2,500 with a chance of hitting a maximum of $3,000 by the end of Q1 in 2024.

Cryptonewz has made some optimistic price predictions for ETH pointing it to $5,000 by the end of 2024. Meanwhile, rolling into the next year 2025, the ETH is expected to reach a peak of $6,500 while falling to a minimum of $4,500. The average trading price for 2025 is expected to be around $5,500. 

How Much Will Ethereum Grow?

In 2024, the Ethereum price prediction will likely be affected by the Dencun upgrade and the upcoming Bitcoin Halving event. According to experts, these two factors combined might push the ETH to surpass its all-time high. Comparing the Solana vs Ethereum price prediction both the coins are expected to break their records in 2025. 

The recent ETH upgrades will push the coin to new heights; meanwhile, SOL is predicted to boost following the Bitcoin Halving event. Where both the coins have potential to grow we can finally tap into the question is Solana better than Ethereum?

Will Solana Beat Ethereum?

Solana quickly progressed to the ranks, stood its ground and landed among the top 5 cryptos. Talking about Ethereum it has been present as the second-best in the market from a long time. The rivalry between the both is fascinating, with Solana being called the Ethereum-Killer.

SOL was launched to fulfil the shortcomings of ETH and quickly popularity with time. Looking at last year's 2023 performance by Solana, the coin climbed to $100 and continued its momentum in the Q1 of 2024. Similarly, ETH has got its boost recently surging above $3,500 with experts predicting the coin to double in value over time. 

Running back to the question, will Solana beat Ethereum? Solana does seem to have the potential in terms of networking, but the same cannot be said for price margins. ETH is well ahead of SOL in terms of value but the growing popularity of Solana is not to be taken lightly. 

The Final Take

In conclusion, where Solana might be seen as a better option for speed, developers trust the stability of Ethereum. The transaction costs might be low for Solana but the overall developer’s market confidence is with the ETH. Looking at the price prediction for both, the Solana vs Ethereum battle is geared to boost in 2024 and further gain in 2025. With the Bitcoin halving event coming up, crypto enthusiasts are eager for the crypto market to boost, with expectations of hiking the price for the overall altcoins market. Amidst all this, BlockDAG has made its presence known in the market by providing huge growth opportunities with a robust ecosystem.