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Solana is known as Ethereum's main competitor, but it has failed to overtake the world's second-best cryptocurrency in any aspect despite offering lower fees and faster transaction speeds. However, things are changing slowly but surely, and according to some of the leading crypto analysts, including Jan Happel and Yann Allemann, SOL will outperform ETH by as much as 500% in the next bull run.
Solana's outlook is very optimistic, and despite a positive outlook for Ethereum, SOL has a high chance of securing the top spot for 2024 gains. That said, an emerging crypto platform, Bitcoin Minetrix, is about to enter the race and could leave Solana and Ethereum in the rearview mirror.
Ethereum vs. Solana - An Exciting Race With Huge Potential on Both Sides
As you already know, Ethereum established itself as the go-to platform for DApp development and is the base for thousands of altcoins on the market. On the other hand, Solana offers better transaction speeds and lower fees and is generally more sustainable than Ethereum. It is advertised as a better option to Ethereum, but since it entered the race later, it took time to reach a wider adoption.
Years after going live on CEX/DEX listings and after hundreds of projects in development, Solana is gaining momentum and is slowly chipping away at Ethereum's market dominance. Things will change even more moving forward, and according to dozens of crypto analysts, those who invest in SOL tokens rather than ETH are likely to get away with higher returns.
Solana Gaining Momentum
Solana's performance in the past few months has resulted in significant momentum. SOL tokens have been in an uptrend for months, outperforming ETH in a slow rise to the top. The current SOL/ETH ratio is about 0.14, but most analysts expect to see it increase gradually over the next 12 months. The ratio could rise to 0.76, meaning that SOL will outperform ETH by four or five times in 2024.
Solana's surge in the past month and a half saw the SOL token reaching prices of up to $126, followed by a retracement due to investors selling their tokens for a profit. The introduction of Bitcoin ETFs also had a negative impact on Solana's value, but despite all that, the platform is still showing strong signs of a bull run. The platform is turning things around, and the current uptrend could push the price of SOL tokens from $95, where they are now, all the way to $128.
SOL tokens gained 10% in the past week, while ETH gained less than 3.5% during the same period. Solana's one-year trajectory remains at over 340%, while Ethereum's movements show growth of only 60.75%. Both cryptos are likely to go up, but their potential can't compare to an emerging platform called Bitcoin Minetrix that's likely to become the next 50x and potentially even 100x gainer in the market.
Bitcoin Minetrix - Revolutionary Way of Mining BTC Available to Everyday Users
Bitcoin Minetrix is easily one of the crypto platforms to be the most excited about in 2024. It's a unique cloud-based BTC mining platform designed to make earning Bitcoin more accessible to the average user. Moreover, its timing is perfect as it will go live only months after the next Bitcoin halving event that's historically always followed by significant gains and a year-long bull run.
But that's only the tip of the iceberg. Namely, Bitcoin Minetrix is designed according to the best industry practices. Its goal is to provide users with a safe, risk-free, eco-friendly environment that solves the biggest challenges of mining BTC tokens in a single sweep. Instead of worrying about increasing hardware and electricity costs that come with Bitcoin mining, users can get all the benefits in a fully decentralized and transparent ecosystem.
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Stake-to-Mine Reward System Powered by the Native BTC MTX token
Bitcoin Minetrix offers a risk-free Stake-to-Mine reward system that allows users to earn nonfungible mining credits for renting remote BTC mining rigs. Users must stake their BTC MTX tokens to earn mining credits, and their rewards depend on the amount of staked tokens. In other words - the more tokens you stake, the higher the rewards you get, which means you'll have more time to mine BTC.
The platform is built on the Ethereum blockchain, so BTC MTX tokens are ERC-20 coins compatible with all major crypto wallets. The maximum supply is 4 billion BTC MTX tokens, and 70% of those are available during the ongoing presale. The remaining 30% will be used for marketing, community, and staking rewards, ensuring long-term sustainability.
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Ongoing Bitcoin Minetrix Presale Event Raised Over $10 Million
The interest among investors is growing, as the ongoing presale event raised over $10 million in a couple of months. The event is closing to its soft cap of $15.6 million, but since it's picking up in the past few weeks, it will likely hit the $32 million hard cap around the time of the next Bitcoin halving event.
It's important to know that the price of BTC MTX will slowly increase every week during the event, but the maximum price is set to $0.0148 per token. If you invest today, you can get the tokens for as little as $0.0132.
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Final Words
Crypto markets in 2024 are showing clear signs of explosive growth, and the leading blockchains such as Ethereum and Solana (as well as many others) are likely to repeat the gains they had after the previous Bitcoin halving event in 2020. However, if you want to get the most out of your investment, visit the official Bitcoin Minetrix website today and invest in BTC MTX tokens that have the potential to become the highest gainers of the year.
Moreover, if you invest today, you can enter the $30,000 worth of BTC MTX token giveaway that will reward the luckiest token holders with another $3,000 worth of coins. Good luck!
Dan Burgin
Alex Dovbnya
Vladislav Sopov