Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry.
High Hopes for Solana
Solana has been one of the top-performing cryptocurrency projects in the past 12 months. Its native token has increased its USD value by nearly 4,300% in one year and is currently sitting as the fifth-largest digital asset with a market capitalization of roughly $50 billion.
Despite this significant advancement, the protocol could reach new heights soon, Alkesh Shah from Bank of America opined. He argued that Solana is superior to some of its rivals as it offers low transaction costs and enhanced scalability relative. Moreover, it utilizes both proof-of-stake and proof-of-history technology, granting it further advantages.
Thanks to its differentiated…