Is Solana the "illegitimate cousin" of Ethereum? Not exactly, according to analyst Peter Brandt.
📈 Strong fundamentals… but undervalued
Renowned analyst Peter Brandt believes that Solana (SOL$SOL ) still has significant room for growth compared to Ethereum (ETH$ETH ). Using a classic technical model known as "cup and handle," Brandt anticipates a potential increase of 90% if current resistance levels are broken.
On the other hand, CryptoSlate data indicates a similar bullish pattern, where SOL could rise from 0.0007 to 0.0013 ETH, a 72% increase.
💼 Wall Street experts are entering the fray. Fred Kruger, a Wall Street expert, confirmed that Solana is the only project capable of truly competing with Ethereum. He highlights the network's ability to process 2600 transactions per second at almost no cost.#BinanceAlphaAlert
Raoul Pal, former director at Goldman Sachs, described Solana as a "10 times faster and more cost-effective version" of Ethereum, with a smoother user experience, especially in gaming and non-fungible tokens (NFTs).
🚀 Increasing recognition from the market
Galaxy Digital has recently invested over $60 million in Solana, reflecting growing confidence in the future of the network.
Currently, SOL is trading around $142, with the potential to reach $262 according to technical models.
