Bank of America Says Solana Could Take Market Share From Ethereum, Become the 'Visa of the Digital Asset Ecosystem' – Altcoins Bitcoin News

“#Solana could become the Visa of the digital asset ecosystem,” taking market share from #Ethereum, said Bank of America. #crypto #cryptocurrency

Solana, Ethereum

1/16/2022 3:33:00 AM

Solana could become the Visa of the digital asset ecosystem,” taking market share from Ethereum , said Bank of America. crypto cryptocurrency

Bank of America's analyst says that Solana could take market share away from Ethereum . Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects ' Solana could become the Visa of the digital asset ecosystem.'

51 seconds agoBank of America Says Solana Could Take Market Share From Ethereum, Become the 'Visa of the Digital Asset Ecosystem'Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.”

Bank of America on Crypto, Ethereum, and SolanaBank of America (BOFA) analyst Alkesh Shah published a research note on cryptocurrency this week arguing that Solana could take market share away from Ethereum.The Bank of America analyst described that Solana “produces a blockchain optimized for consumer use cases by prioritizing scalability, low transaction fees and ease of use,” citing Solana Foundation member Lily Liu.

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Bank of America: Solana Could Become The Visa of Crypto Solana could take away some of Ethereum 's market share and become 'the Visa' of the crypto world, Shah said. Pick your poison: high transaction fees or centralized and repeatedly hacked.

Solana ($SOL) Could ‘Become the Visa’ of Crypto, Bank of America Analyst SaysAlkesh Shah, a digital asset strategist at Bank of America has revealed he believes Solana ($SOL) has the potential to “become the Visa” of the cryptocurrency space as it focuses on scalability, low transaction fees, and ease of use. As reported by Business Insider, Shah has pointed out that... I personally think it will be AMP but to each their own Indeed it will. $sol

Solana Could Become the Visa of Digital-Asset World: Bank of AmericaHow big can Solana get? BankofAmerica says solana and other blockchains could grab market share from Ethereum over time, and will begin to distinguish themselves through user adoption and developer interest. BankofAmerica solana If that is true, how decentralized can solana be? Derrick_Jones39 BankofAmerica solana I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him BankofAmerica solana

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Kevin Helms 51 seconds ago Bank of America Says Solana Could Take Market Share From Ethereum, Become the 'Visa of the Digital Asset Ecosystem' Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published a research note on cryptocurrency this week arguing that Solana could take market share away from Ethereum. The Bank of America analyst described that Solana “produces a blockchain optimized for consumer use cases by prioritizing scalability, low transaction fees and ease of use,” citing Solana Foundation member Lily Liu. Its ease of use and low cost make the crypto optimized for micropayments, gaming, and non-fungible token (NFTs). With more than 50 billion transactions settled since its March 2020 launch, and $10 billion in total value locked, Shah said: Solana could become the Visa of the digital asset ecosystem. Solana is the fifth-largest cryptocurrency with a market capitalization of about $46 billion. Ethereum is the second-largest crypto with a market cap of almost $400 billion at the time of writing based on data from Bitcoin.com Markets. Noting that Solana’s differentiation from Ethereum is “proving successful,” Shah noted that the valuation gap provides an opportunity for Solana. Its Proof of History blockchain helps improve the performance of its Proof of Stake consensus mechanism, the Bank of America analyst opined, noting: These innovations allow for the processing of an industry-leading ~65,000 transactions per second with average transaction fees of $0.00025, while remaining relatively decentralized and secure. Meanwhile, the Ethereum blockchain prioritizes decentralization and security, at the expense of scalability, Shah described, adding that Ethereum’s scalability issue has led to periods of network congestion and ultra-high transaction fees. Emphasizing that other scalable blockchains could chip away at Ethereum’s market share, Shah explained: Ethereum’s prioritization could optimize it for high-value transactions and identity, storage and supply chain use cases. Crypto exchange Coinbase recently