• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 21, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Solana Potential to Lead the Bull Market: Analyst’s Insights

Jordan Avery by Jordan Avery
February 18, 2024
in Solana
Reading Time: 3 mins read
0
solana-sol-eth-market-price 1
Share on TwitterShare on Facebook

Renowned technical analyst Alex Kruger said Solana could be the best bet during the next bull market and made a number of compelling arguments for crypto investors. He also suggested that SOL will surpass ETH in terms of performance.

 

Solana Becoming more Attractive than Ethereum

Kruger’s analysis began with a critical look at Ethereum’s position in the market. He noted that the project risks facing serious competition from several new blockchains.

Networks such as Monad, Eclipse, Scroll, Core DAO, and Aztec are already gaining traction. Solana stands out among them, firmly occupying a separate powerful niche.

“Ethereum is a second or third-generation asset that everyone in the West already owns. We have already made our money, so we are attached to it and protect it. But new market participants do not want to bet on old projects, they want to invest somewhere else,” explains Kruger.

According to the analyst, one of SOL’s main advantages is its unrivaled appeal to the retail sector. Kruger noted the success of meme coins such as DogWifHat (WIF), whose trading volumes reach $40-50 million. By comparison, trading volume for meme coins on Ethereum rarely exceeds $3 million. This highlights SOL’s relevance to the decentralized finance (DeFi) market aimed at retail traders.

 

SOL Ecosystem Gaining Momentum

However, the benefits of Solana go far beyond meme coins. The analyst noted the speed and cost-effectiveness of the network infrastructure as key factors in its development. Platforms like Hive Mapper and Parcel, which leverage Solana’s capabilities to provide services not implemented on Ethereum, are prime examples of the disruptions happening in the ecosystem.

“There are a lot of very good applications on Solana that are not on Ethereum. I think there will be a lot more innovation in Solana that can’t be done on Ethereum,” Krueger commented.

The expert also touched on the broader context of his investment philosophy. He revealed that his portfolio is heavily weighted towards cryptocurrencies, but he also has a strong interest in artificial intelligence stocks. Krueger’s approach reflects a deep understanding of the nuances of the cryptocurrency market and the importance of investing in technologies that can change the landscape.

 

Bullish Signals

“If you are truly bullish like I am, then the optimal path is to invest as much as possible rather than trade, especially since crypto prices have not yet corrected from 2023 levels. Additionally, you have a number of very strong developers and teams that have been through the bear market. This is why Solana is very valuable, and this is just the beginning,” he concluded.

What sets Solana apart is its strong community, innovative applications and retail appeal. These elements mark it out as a prime candidate for success during the coming bull market. In his analysis, Kruger sees SOL not as just another cryptocurrency, but as a foundational technology that could drive the next wave of innovation.

Tags: Blockchain Technologycryptocurrency analysisDeFiETHEthereumSOLsolana
Previous Post

Yield Farming on Solana: How To Get Up to 700% APY

Next Post

Touring Fantom Sonic: How Fast is the Layer-1 Blockchain?

Related Posts

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Solana On-Chain Metrics Signal Bearish Turn
News

Solana On-Chain Metrics Signal Bearish Turn

May 7, 2025
Solana Accumulation Phase: $100 Could Be It
News

Solana Accumulation Phase: $100 Could Be It

May 4, 2025
News

Solana First ETF is Here, But?

March 20, 2025
Solana Faces Challenges—Can It Recover
News

Solana 5th Birthday Came With Challenges

March 17, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier