You shouldnt be comparing SOL to BTC, instead you should compare it to its main competitor ETH.
They’re both smart contract platforms but Solana is faster, cheaper and more scalable.
Solana has been slowly eating up the market share of ETH over the past few years. 3-4 years ago it was around 3% of ETH market cap, now it’s 8-12 depending on daily fluctuations.
Solana also recently started getting more daily active users than ETH.
Its number of developers are going up, number of new validators is going up, and the number of projects/companies being built on it is also going up. These are all healthy signs of growth.
I watch a great youtuber called InvestAnswers that talks a lot about solana and other cryptos. He judges them based on loads of data related metrics/charts to find what’s worth investing in. Would defs recommend you watch a few of his videos.
You shouldnt be comparing SOL to BTC, instead you should compare it to its main competitor ETH.
They’re both smart contract platforms but Solana is faster, cheaper and more scalable.
Solana has been slowly eating up the market share of ETH over the past few years. 3-4 years ago it was around 3% of ETH market cap, now it’s 8-12 depending on daily fluctuations.
Solana also recently started getting more daily active users than ETH.
Its number of developers are going up, number of new validators is going up, and the number of projects/companies being built on it is also going up. These are all healthy signs of growth.
I watch a great youtuber called InvestAnswers that talks a lot about solana and other cryptos. He judges them based on loads of data related metrics/charts to find what’s worth investing in. Would defs recommend you watch a few of his videos.