A veteran dealer is warning that Ethereum’s (ETH) place because the dominant good contract platform is just not as set in stone as many imagine.
Pseudonymous dealer The Stream Horse tells his 210,000 followers that there’s a risk that Ethereum is like Compaq Laptop Company, which was the highest canine in its area earlier than finally petering out and being acquired by HP in 2002.
He says the situation of Ethereum succumbing to Solana (SOL) has “positively grown.”
“The potential of Solana overtaking Ethereum has positively grown. Present traits and sentiments amongst ETH’s staunchest supporters recommend an expectation for a pure imply reversion in ETH’s favor.
Nonetheless, given how nascent the crypto market is, it’s untimely to declare any platform the definitive chief. Very similar to Compaq within the early days of private computing, ETH may at the moment get pleasure from prominence, however this doesn’t assure its everlasting dominance.”
Talking of Solana, The Stream Horse can be watching the explosive memecoin ecosystem on the Ethereum rival’s community, which has pushed a large surge in quantity on Solana-based decentralized exchanges (DEXes).
The dealer warns to not low cost cat in a canine’s world (MEW), a brand new memecoin which he says may go mainstream on Coinbase earlier than Dogwifhat (WIF) – the most important memecoin on Solana.
“At this price, MEW seems like it can get a Coinbase itemizing earlier than WIF
All joking apart, don’t fade the mission that comes out of nowhere with a stacked guide and an oddly excessive market cap.“
At time of writing, Solana is buying and selling at $197.71 whereas MEW is price $0.00519.
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