SOL price prediction as Solana surpasses Ethereum in ‘real economic value’
Solana (SOL) surpassed Ethereum (ETH) in Real Economic Value (REV) as both chains achieved new revenue all-time highs this Monday. With that, market participants speculate and predict SOL’s price potential for what could be “the biggest crypto bull run ever.” Real Economic Value is an important fundamental Analysis metric that gives insights into a blockchain’s demand and use. It is arguably a better metric than active addresses, as it is more expensive to manipulate but still requires caution. On November 11, Solana and Ethereum reached a daily revenue ATH of $12.1 million and $11.2 million, respectively. Weekly, the networks made a total of $48.7 million and $39.0 million, respectively, consolidating the third consecutive week of Solana generating more revenue than Ethereum – as Dan Smith, Blockworks Research analyst, reported. Picks for you ...