Between ETH and SOL, Which Crypto Will Perform Better in 2024?

• Guy Turner analyzed Ethereum and Solana to enable users to decide on their most suitable option.
• Ethereum and Solana compared on the basis of founders and funding, technology, tokenomics, and adoption.
• Ethereum’s first-mover advantage means that most of the value in the crypto ecosystem comes from the blockchain.

Guy Turner, the host of the Coin Bureau crypto YouTube channel, has analyzed the two competing blockchains, Ethereum and Solana, to enable users to decide on their most suitable option. In a recently uploaded video, Turner compared both blockchains in terms of the founders and funding, technology, tokenomics, and adoption.

The crypto analyst thinks that Ethereum’s early foundation is superior to that of Solana, despite the latter attracting significantly more funds in the early stages. According to Turner, if both projects were set up in the same season, Ethereum would undoubtedly attract more funds than Solana. His reason for that is that Ethereum is the crypto project that introduced Smart Contracts, while Solana can be considered a solution aiming to become a faster version of Bitcoin.

Turner favors Ethereum’s security and decentralization ahead of Solana’s focus on scalability. He believes Solana’s model leans towards centralization and could mean a “race to the bottom,” ending with all of crypto being run on a centralized server controlled by the Fed. Nonetheless, the renowned analyst believes Solana has much more room to grow as an ecosystem compared to Ethereum.

Solana appears to have the same number of monthly active users as Ethereum, despite being a fraction of its size, according to Turner. He considers that an impressive metric that foreshadows Solana becoming the most active blockchain of all. However, he noted that Solana’s adoption is coming mostly from the United States, where it, and the use cases it focused on, like crypto payments, face significant regulatory hurdles.

While Turner considers Ethereum a more ideal crypto solution, noting its decentralized properties, he believes Solana has more room for growth. Hence, any user’s choice at the moment would depend on their preference in what they want to achieve.