Solana does not yet have a quoted background, but one of the largest sponsors in the asset is to bet that the street friendly vehicle could arrive in 2025, and believes that it is well positioned to succeed the various similar products of Ethereum.
Kyle Samani de Multicoin Capital, a large Sun inverter and innumerable subordinate protocols, has publicly pressed the Bag and Securities Commission (SEC) to look favorably in an ETF Sun. Therefore, their upward pronouncements can be a small surprise.
But on Tuesday on the stage at the Digital BlockWorks Assets Summit in New York City, Samani explained his opinion why Solana is better located to attract traditional investors than Ethereum. This is money: rates generated in the chain, compared to the value of the entire asset.
“Much of the reasons why ETH ETF did not have a super strong reception was that many investors looked at ETH and said ‘show me the rates,” Samani said.
Due to their revelation, they did not find many evidence to justify the investment at their high prices.
Shares merchants often look at the price / profits relationship of a company by deciding whether it is finished or undervalued; In other words, when to invest. Crypto does not have such a clean metric, but block chains still have income and tokens that can be united for a similar effect.
Samani believes that Solana’s p/e relationship is much healthier from the point of view of the investment than Ethereum’s. His mathematics on stage placed Solana as operating at 30 to 50 times his P/E, while Ethereum is being negotiated closer to 1,000 times.
Solana’s P/E relationship is “much more in line with high growth technological actions,” Samani said.
If logic develops, then traditional investors are expected to believe that Solana has more rise than Ethereum and invests accordingly.
