SOL - Is Solana a Better Buy Than Ethereum In 2023?
There are many moving parts in the cryptocurrency industry right now. The entire industry is in a deep bear market, and the recent collapse of FTX is potentially setting back crypto's progress as an asset class and damaging investor confidence.
Ethereum has long been a staple in crypto, while Solana (CRYPTO: SOL) was a high-riser from 2022 until recently. The smoke must clear in the crypto market, but risk-tolerant investors with patience could realize long-term returns by buying cryptos at these depressed levels. Both cryptos could see prices rebound eventually, but only one seems like a clear buy today.
Solana burst onto the scene after its launch in 2020 and quickly became one of the hottest cryptocurrencies around, appreciating nearly 30,000% in less than two years.
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Is Solana a Better Buy Than Ethereum In 2023?