As the cryptocurrency market rallies, 21Shares has presented an analysis of two key assets: Ethereum (ETH) and Solana (SOL). The financial institution suggests that Ethereum has significant growth potential.
Ethereum as a Growth Foundation
According to 21Shares, Ethereum is poised for a significant comeback due to recent tech upgrades and increased institutional support. The financial institution believes that Ethereum's improved utility will bolster its position in the crypto market.
Comparison with Solana
21Shares notes that while Solana's growth may attract attention, Ethereum holds stronger long-term prospects. Solana remains a popular choice among investors due to its speed and high throughput. However, 21Shares believes that in the long run, Solana may not compete effectively with Ethereum.
Ethereum's Price Outlook
In the past 24 hours, Ethereum's price peaked at $3,010.35 but subsequently declined to $2,937.22, representing a 1.39% drop. Investors are cashing in on profits after the price surged over 17% in the past week, which has also affected trading volume.
Thus, 21Shares emphasizes that while Solana shows impressive results, Ethereum stands a strong chance of leading the market due to its technological upgrades and demand from institutional investors.
