Advertisement
AD

Main navigation

Legendary Trader Raoul Pal Makes Rare Ethereum vs. Solana Comparison

Advertisement
Thu, 30/11/2023 - 10:07
Legendary Trader Raoul Pal Makes Rare Ethereum vs. Solana Comparison
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Legendary crypto trader and investor Raoul Pal has waded into the supremacy debate between the two prominent proof-of-stake (PoS) Layer-1 networks Ethereum (ETH) and Solana (SOL). According to Pal, the use of Solana comes with a whole different feel that makes it a top contender as a relatively more user-friendly option.

Advertisement

Related
Top Investor Raoul Pal on Solana (SOL): I Have Been Extremely Bullish All Year

He said once someone starts using Solana, it "feels super fast, slick, inviting and easy for the user." The accolade on Solana underscores the general perception most industry leaders have of the top coin, especially as it has been able to pull off a major comeback in its price action post-FTX implosion.

Raoul Pal is known for his commentary in the industry with a basis rooted deep in on-chain analytics; however, choosing to comment on the combat between Ethereum and Solana on pure fundamentals is considered a rare move.

In his analysis, Pal compares Ethereum to the Apple of the blockchain world while he considers Ethereum to be the Android. The connotations are clear as Solana wins the fight for performance based on its speed, while Ethereum's massive hoard of hosted decentralized applications (dApps) makes its Android comparison a well-suited description.

Related
Whale Makes Big Moves on Solana (SOL) — Is Trend Reversal on Horizon?

Solana and Ethereum have thriving ecosystems

Almost everything Ethereum can do, Solana can do as well. It appears that Raoul Pal has broad use of some of Solana's applications, as he attested to the ingenious designs of Phantom Wallet, the most popular unhosted Solana wallet. This he confirmed when an X user asked to know what his feedback is for Phantom Wallet and in his response, he said:

Absolutely love it. Super easy.

Solana has impressed its holders in a remarkable way, with Raoul Pal confirming he has been bullish all year. The coin soared to its 2023 high earlier this month as it wiggles away from the impacts of the continuous sell-off from FTX, the bankrupt exchange that sought ways to free up funds to pay its investors and creditors.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles