Solana (SOL) Emerges as Top Choice for Investors, Toppling BNB and Ethereum

Solana (SOL) Emerges as Top Choice for Investors, Toppling BNB and Ethereum
фото показано с : zycrypto.com

2024-3-22 17:22

Solana has emerged as the top choice for investors, surpassing top assets like BNB and Ethereum in terms of global investor interest.

According to a Wednesday report by Coingecko, Solana, currently the fifth largest cryptocurrency by market capitalization accounted for 49.3% of global investor interest in blockchain ecosystems, while Ethereum followed closely behind with 12.7%.

The growth of Solana’s popularity can be attributed to several factors, including the development of ecosystem projects like Pyth Network (PYTH) and the popularity of meme tokens such as SLERF and ‘Dogwifhat’ (WIF). Additionally, Solana’s high trading volumes and low transaction fees have made it an attractive option for investors.

On the other hand, Ethereum maintained its position as a leader in the L2 protocols segment, with second-layer networks built on Ethereum gaining increasing popularity among investors.

“This is likely because Ethereum is already well-established as an ecosystem and familiar to investors, such that it is no longer considered a new, trending crypto narrative. At the same time, attention towards the Ethereum ecosystem is increasingly dispersed across the layer 2 ecosystems building on top of it,” Coingecko wrote.

Arbitrum and Base emerged as the most popular second-layer network ecosystems, with 3.3% and 3.2% of investor interest, respectively.

Other L1 ecosystems, such as Cosmos, Avalanche, and Sui, also gained traction among investors. According to Coingecko, Cosmos’ success can be attributed to successful airdrops like Celestia and Dymension, while Avalanche’s meme tokens like Coq Inu have contributed to its popularity. Sui, on the other hand, lept ahead of TON in terms of investor interest despite TON’s connection with the Telegram messenger.

The report also highlighted the growing interest in L2 networks, with Arbitrum, Polygon, zkSync, and Metis attracting notable attention. Optimism, Blast, and StarkNet are among the top 20 L2 networks.

Notably, Ethereum’s recent Dencun hard fork, which activated on the mainnet on March 13, significantly impacted L2 networks. The update reduced commissions in L2 networks based on Ethereum, leading to a significant increase in the daily volume of transactions on Base, one of the projects that benefited the most from Dencun.

That said, Solana’s emergence as the top choice for investors comes amidst a notable price surge for the crypto asset. Notably, the asset recently tapped $200 and is up over 100% year to date, making it one of the best-performing cryptocurrencies in recent months.

Despite witnessing a brief pullback that saw it plunge to $164 earlier this week, Solana bulls managed to push the price back up, with optimism of a further price surge growing.

At press time, SOL traded at $170.92, reflecting a 9.40% drop in the past 24 hours.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2905.14 (+0.07%)
Объем 24H $11.497b
Изменеия 24h: -0.17 %, 7d: -3.65 %
Cегодня L: $2865.93 - H: $2906.69
Капитализация $348.956b Rank 2
Цена в час новости $ 3340.77 (-13.04%)

investors bnb solana ethereum choice terms global

investors bnb → Результатов: 126


The DeeStream (DST) Presale and Dogecoin (DOGE) Investors Set Records: Anticipated 100X Excitement Grips Platform Enthusiasts Amid Binance Coin (BNB) All-Time High

Last week was a historical week in the crypto community as Bitcoin (BTC) hit an insane value of $70k. But this new week has even more gains waiting for coin holders. As we enter the second week of March, the effects of this bull run are spreading across the crypto market in significant ripples.

2024-3-14 01:59


Kelexo (KLXO) Presale in the Crosshairs: Big Money Moves from Ethereum (ETH) and Binance Coin (BNB) into the New Lending Gamechanger

In this article, we are interested in the wild happenings of the cryptocurrency market. Our focus is on two established projects in the blockchain space: Ethereum (ETH) and Binance Coin (BNB). Specifically, we investigate the reasons behind the big money moves of Ethereum (ETH) and Binance (BNB) investors into the Kelexo (KLXO) presale and why […] The post Kelexo (KLXO) Presale in the Crosshairs: Big Money Moves from Ethereum (ETH) and Binance Coin (BNB) into the New Lending Gamechanger appeared first on CaptainAltcoin.

2024-3-10 19:00


DeeStream (DST) Triumphs with Binance Coin (BNB) & Dogecoin (DOGE) Interest: Ethereum (ETH) $3,775, Shiba Inu (SHIB) 127% Surge

The surging crypto market is currently giving investors and projects many happy moments as the prices and respective returns of said projects have started to rise. But at the same time, it means that new projects must communicate their value propositions better to get investors to look their way.

2024-3-8 00:00


Binance Coin (BNB) Panic Sells, Investors Shift Focus to Pushd (PUSHD) Amid Cardano (ADA) and Ripple (XRP) Discord

Amidst panic selling of Binance Coin (BNB) and ongoing discord between Cardano (ADA) and Ripple (XRP) communities, investors are increasingly shifting their focus to Pushd (PUSHD). This strategic reallocation of funds underscores Pushd’s (PUSHD) growing reputation as a stable and promising investment avenue in the volatile crypto market.

2024-3-5 01:00


Binance Coin (BNB) & Litecoin (LTC) Rally into DeeStream (DST) Presale Amidst Market Buzz as Holders Eyeing Up 30X Gains

In this article, we delve into the markets of Binance Coin (BNB) and Litecoin (LTC) examining the behavior of their investors amidst shifting market dynamics. We investigate the factors influencing investors’ movements, particularly their increasing interest in the presale of DeeStream (DST), an innovative decentralized streaming platform.

2024-3-2 23:30


MANTA soars amid BNB Chain integration; Avalanche’s foot on the gas as investors swarm InQubeta presale

As February unfolds, it has been an exciting ride with an endless stream of surprises, from GoDaddy’s integration with ENS to Manta Network’s (MANTA) integration with BNB Chain. On February 15, the blockchain project Manta Network announced interoperability with BNB Chain, stirring up much buzz and propelling its price upwards.

2024-2-21 20:12


Early Investors in Bitcoin and BNB Now Shifting Focus to an Emerging Cryptocurrency

Bitcoin (BTC) transaction fees soar. BNB Chain releases the roadmap for its upcoming upgrade. Meanwhile, a new project is taking the shine off the established cryptos. How does this fee hike affect the Bitcoin price prediction? What do these upgrades mean for BNB coin price? And why do investors see this new crypto as a […] The post Early Investors in Bitcoin and BNB Now Shifting Focus to an Emerging Cryptocurrency appeared first on CaptainAltcoin.

2024-1-12 23:00


Binance Coin Shows Signs of Bullish Stance, Analyst Recommends Vigilance on Key Resistance for BNB

Amidst ongoing legal uncertainties surrounding Binance, a leading crypto exchange, there are signs of resilience that could impact its native token, Binance Coin (BNB). Despite regulatory challenges, a keen observation of BNB’s weekly chart reveals the formation of a descending triangle, signaling a critical juncture for traders and investors, according to crypto trader Ali.

2023-12-11 09:43


Exploring The Resurgence Of BNB: Unveiling The Force Behind Renewed Interest

Binance Coin (BNB) has experienced a notable resurgence in the last few weeks, sparking a renewed interest in the cryptocurrency market. With its versatile applications and growing popularity, BNB has captured the attention of influential investors, leading to a surge in on-chain activities that have stirred the digital asset community.

2023-11-8 14:00