Solana
Crypto Influencer Explains Why “$ETH to $SOL is the Exchange”
On June 29, crypto influencer “MartyParty” took to social media platform X to explain why Ethereum (ETH) holders should consider swapping their holdings for Solana (SOL).
MartyParty’s personal experience
Marty started by sharing his personal experience. He held Ethereum since the beginning and found it difficult and scary to swap it to Solana in August 2023. Despite his initial nervousness and pride challenge, since he made the switch, Solana has outperformed Ethereum by 8.9x. He urged his followers not to make the same mistake and swap at least 50% of their ETH to SOL before Solana breaks out of the $200-$400 range.
Practical tips for HODLers
Marty indicated that exchanging cryptocurrencies is easy and should not be feared. He suggested starting small by exchanging 1 ETH for SOL on any service and then doing the reverse exchange, noting that the only cost would be Ethereum gas fees, which he highlighted as an issue to avoid.
Market comparisons
Marty pointed out that Ethereum, with a total value locked (TVL) of $400 billion, is “doing nothing,” while Solana, with a TVL of $65 billion, is doing $2.5 billion in volume per year. day and “reinvents the Internet”. He predicted that Solana would reach a market cap of $250 billion, which equates to a 3-8x increase depending on its largest market maker, while doubting that Ethereum would reach a market cap of $1 trillion due to its user experience and utility issues.
Final thoughts and urgency
Marty concluded by emphasizing the urgency of moving from Ethereum to Solana while Solana is still below $150. He framed this advice as both financial and mental health guidance, encouraging his followers to be brave and proactive in their investment decisions. He emphasized that Ethereum’s EVM is not an execution layer but a store of value that is no better than Bitcoin. suggested hold Bitcoin if the goal is to store value without using it for passive income or participation in DeFi.
Featured image via Pixabay