Solana failure 2024: Ethereum price rally to $3,000? Crypto expert analyzes effects on ETH and introduces new altcoin.

Solana failure 2024: Ethereum price rally to $3,000? Crypto expert analyzes effects on ETH and introduces new altcoin.

According to a report from www.finanzen.net,
It happened again. Network stability in the Solana ecosystem failed again, resulting in an hour-long shutdown. This development could have an impact on the market, especially on the Ethereum price. Solana has been considered a possible threat to Ethereum in the past, but the recent outages show that Ethereum remains the more reliable choice. The outage caused the SOL price to fall by more than 3%, while Ethereum posted gains. Although the SOL price has recovered after the failure, it appears that the failures at Solana appear to have been priced in.

The question now is whether this is a one-time thing or whether Solana's network outages will continue to occur. If this is the case, Ethereum could be one of the beneficiaries of this situation. In addition, Ethereum is also introducing innovations that will increase scalability and ensure lower transaction fees. There is also speculation as to whether there could be Ethereum ETFs in the future, which could also have a positive impact on the price.

Even without problems with Solana, it shows that Ethereum is bullish and is looking forward to golden times. The crypto community is eagerly awaiting developments and speculating about price explosions.

However, this could also apply to other cryptocurrencies in the market, such as Bitcoin Minetrix. Bitcoin Minetrix allows investors to earn credits that can be used for Bitcoin cloud mining by staking the native $BTCMTX token. The concept is well received and forecasts are even well above 10 times the current pre-sale price. Since the Bitcoin price is also expected to continue to rise, investors could benefit twice here. However, it should always be noted that investments are speculative and the individual risk must be taken into account.