There are all kinds of talks about Ethereum rivals and now, an important analyst talks about these issues. Check out the latest reports below.
It’s been just revealed that the YouTube channel Coin Bureau compares Ethereum challengers Solana and Near Protocol amidst massive fear and uncertainty sentiments in the crypto space.
ETH rivals are analyzedThe analyst known as Guy said on YouTube that SOL sees preferable tokenomics to NEAR.
“Tokenomics is where Solana shines. I don’t know what they did behind the scenes, but the early investors managed to find a way to both have their cake and eat it and by that, I mean get access to all of their SOL and be able to sell some or even lots of it without crashing SOL’s price.”
He continued and said the following:
“As novel as Near Protocol’s transaction fee mechanism is, Solana seems to have a better grasp of the long-term implications of things like fee burns, inflation and staking rewards. There’s also nothing stopping Solana from implementing the same transaction fee mechanism.”
On the other hand, as per the online publication the Daily Hodl, the analyst says that Solana faces more technical hurdles compared to Near. He explained that how the two platforms address their respective challenges will dictate which will win investors.
“If you ask me, the challenges both of these crypto projects face are the real deal-breaker and which one comes out on top ultimately depends on how easy it is to solve these challenges.”
The crypto market todayIt’s been just reported that one of the factors that are driving the fall of the crypto market these days is revolving around the crypto lender Celsius.
Celsius, a controversial crypto lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market, according to the latest reports coming from CNBC.
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