Thinking of Buying Solana or Ethereum? Understand These 2 Numbers First.
Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are both priced at what might be a hearty discount, with the former falling by 44% during the past 12 months, and the latter falling by 28% in the same period. It's easy to see why potential buyers would be wary.But rather than reading too much into those two percentages, investors should focus on understanding two other numbers that are much more important for the long-term performance potential of both coins.Decentralized finance (DeFi) is a big part of the investment thesis for both Solana and Ethereum. Being a more efficient place to process borrowing and lending, trade on decentralized exchanges, and make stablecoin transactions means that there's a larger incentive for money to settle on their chains.Continue reading
Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are both priced at what might be a hearty discount, with the former falling by 44% during the past 12 months, and the latter falling by 28% in the same period. It's easy to see why potential buyers would be wary.
But rather than reading too much into those two percentages, investors should focus on understanding two other numbers that are much more important for the long-term performance potential of both coins.
Decentralized finance (DeFi) is a big part of the investment thesis for both Solana and Ethereum. Being a more efficient place to process borrowing and lending, trade on decentralized exchanges, and make stablecoin transactions means that there's a larger incentive for money to settle on their chains.
