# Factors that will make Solana become a strong partner of Ethereum?

In 2024, Ethereum continues to maintain a strong leadership position in the overall blockchain market, although Solana has the potential for rapid growth and unique advantages that make it a compelling competitor.

* Strengths of Ethereum

- Stable Ecosystem: Ethereum has a wide ecosystem of dApps and protocol developers, serving as a popular platform for many decentralized applications.
- Security: Ethereum's past security history and extensive community validation, give it a high level of trust.
- Network effect: The lack of size of the Ethereum network is large enough to attract more developers and users, making Ethereum's reputation stronger.

* Advantages of Solana

- Low fees: The transaction fees in Solana will be lower than Ethereum, helping us to save a lot of capital.
- Efficiency: The advantages of being able to scale to quickly support high volumes of use make Solana an attractive choice for applications that require fast transactions such as games and financial markets.
- Growing Ecosystem: Although smaller than Ethereum, Solana's ecosystem is growing rapidly with new dApps and projects.

Solana's potential to challenge Ethereum in 2024?

Although Solana has the potential to gain a lot of attention and overtake Ethereum in some areas, it is unlikely to completely overtake Ethereum in 2024, a stable position. Ethereum's strong security and extensive ecosystem
Give a significant advantage.
However, Solana's ability to solve Ethereum's expansion problems and attract developers could lead to more fierce competition. Ultimately, the future of these two blockchains will depend on factors such as technological progress, market trends and community acceptance.

2. 5 reasons why the price of Solana can still be adjusted higher?

On August 9, famous crypto analyst "Miles Deutscher" shared his thoughts on why Solana (SOL) may continue to perform well. Despite the apparent price correction, Deutscher believes SOL's upward trajectory may continue. It could reach the $1,000 level and here are the 5 factors he cited to support the positive trend:

- Stable market position: Deutscher stated that SOL has consistently maintained a stable position compared to other cryptocurrencies during periods of market volatility, and he sees this flexibility in part as a result of the coin's origin.
- Increased public interest in the coin: The analyst noted that discussion of SOL remains prevalent even at a time when other coins are gaining attention, but he suggested that this continued interest may fuel further price increases in the next market round. is constantly growing.
- Profitable exchange trading platform: He compared Solana's ecosystem to a bustling casino where memes act as different games and SOL acts as chips. He argued that increased activity in this area could increase the overall value of the Solana network.
- Comparative valuation: The analyst points to the significant difference in market capitalization between Solana and Ethereum, suggesting that this gap leaves room for potential growth and he presents a simulated scenario in which the price of SOL can increase significantly if closing this gap from valuation.
- Technological advancements: Analysts have mentioned an upcoming upgrade called Firedancer that he believes could significantly improve Solana's performance and attract more investors to the institution.