Solana started out as a decentralized network with multiple faults. But constant innovation has kept its errors to a minimum and even gotten SOL gunning for Ethereum’s spot as the go-to platform for smart contracts and the launching of decentralized applications.
If SOL hits $1,200 by 2027 like several Solana price prediction models have said, will it be enough to flip Ethereum? Does this make Solana the best investment option as a result? Or is Remittix (RTX), an upcoming crypto payments gem, a much better alternative? Let’s find out.
Solana vs Ethereum: The story so far
Solana is already regarded as a better dApps launcher than Ethereum in several aspects. It processes transactions faster, is cheaper and also provides sufficient support to help people launch their dApps effectively.
In addition to that, Solana is a busier network. It surpassed Ethereum in terms of daily active addresses back in 2023 and hasn’t looked back since. However, Ethereum is the dominant layer 1 blockchain for DeFi, NFTs and institutional-grade smart contracts due to its robust security, decentralization and liquidity.
In terms of valuation, Ethereum is also ahead of Solana. ETH is priced around $2,500 while SOL sits just below $200. Ethereum also has a market cap of $321 billion, which is almost quadruple Solana’s $91 billion. Competition between both proof-of-stake blockchains remains tight, with each appealing to different classes of crypto enthusiasts.
Is $1,200 SOL enough to overtake Ethereum?
Ethereum currently has a circulating supply of 120 million, while Solana’s supply sits around 600 million. If Solana hits $1,200, this would take its market cap to $720 billion, which is significantly higher than Ethereum’s current $300 billion.
Therefore, Solana, due to its larger supply, would definitely overtake Ethereum if its price hits $1,200. Both coins have unlimited maximum supply, but Solana’s faster block times mean it will always outpace ETH in this regard.
Solana price prediction: Is a rally to $1,200 possible by 2027?
Solana’s performance over the last year dims its prospects of hitting $1,200 in the next two years. The coin has been mostly volatile, breaking $250 in March only to drop to $100 the next month.
But fundamental signals, like Solana’s Firedancer upgrade, could ignite a bull run. Metamask adding Solana support to its browser extension is also a big plus. If similar events keep unfolding, Solana could possibly rally to $1,200 by 2027.
Remittix is a superior investment option to Solana or Ethereum Here’s why
Despite Remittix being a relatively new crypto project, it has secured significant attention over the last few months. Its main offer is the sending of crypto-fiat transactions in a way previously unseen before. Specifically, Remittix allows its users to send crypto from their wallets to bank accounts in fiat, without barriers and as cheaply as possible.
This use case disrupts the $800 billion global remittances market and sets the coin on a unique pedestal. The fact that it is a new token bodes well, as it gives RTX a massive room for growth. Solana and Ethereum are already established projects with a much smaller avenue for price appreciation.
In addition, SOL and ETH have expensive entry points with limited upsides. ETH hitting a new ATH of $10K would only result in a 5x gain. SOL surpassing it at $1,200 is less than a 10x gain for investors.
Remittix, on the other hand, is currently priced at $0.0781, a very affordable entry level for investors. Should the price hit a mere $1, current holders will realize more than a 12x profit. Given its huge prospects, RTX has ambitions to clock $5, fetching a handsome 60x profit for anyone who chooses to invest in this promising project early.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
