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With the approach of the halving event in the cryptocurrency world, especially voluminous altcoins are carefully followed. According to The Flow Horse, which compares Solana (SOL) and Ethereum (ETH), two of the popular cryptocurrencies of the past year, Ethereum's dominance in the market is not as solid as it used to be.
Is Ethereum's Future in Jeopardy?
The Flow Horse warned that Ethereum, like Compaq, which was acquired by HP in the past, may lag behind over time, despite being a leader in the technology sector. He stated that Ethereum may succumb to Solana and that this scenario is getting stronger.
Assessing the competition between Ethereum and Solana, The Flow Horse pointed to Solana's meme coin ecosystem. He noted that meme coins have contributed to the increase in volume on Solana-based DEXs, which has increased Solana's popularity.
Solana and Meme Coins
He stated that meme coins belonging to the Solana ecosystem have shown a remarkable performance in the market, and new projects, especially with Dogwifhat (WIF), have also expanded their market volumes. At the same time, The Flow Horse warned about the launch of another meme coin, Cat in a Dog's World (MEW), and advised investors to be wary of such projects. #ContentStar# #HotTopicDiscussion#