Franklin Templeton Experts Recommend Buying Ethereum and Solana
Date: 2024-01-18 Author: Dima Zakharov Categories: BLOCKCHAIN
In a recent development, experts at Franklin Templeton, a firm overseeing assets exceeding $1.4 trillion, have recommended investing in two cryptocurrencies: Ethereum (ETH) and Solana (SOL). This advice comes as a significant endorsement in the ever-evolving world of digital assets.
Ethereum's Potential:
Franklin Templeton's digital asset research division has expressed high regard for Ethereum, and here's why:
1. Lower Data Transfer Costs: The implementation of the EIP 4844 upgrade has reduced data transfer costs from second-layer networks to the mainnet.
2. Restaking Mechanism: Ethereum now offers a restaking mechanism for locked coins, attracting more participation from the crypto community.
3. Revitalized Community: The Ethereum community has experienced a resurgence in activity, contributing to its overall potential.
Solana's Promise:
Solana, too, has caught the eye of experts for various reasons:
1. Decentralized Physical Infrastructure: SOL's blockchain serves as a decentralized network for physical infrastructure development, fostering ecosystem growth.
2. DeFi Popularity: Solana's popularity within the decentralized finance (DeFi) sector has surged.
3. Meme-Based Cryptocurrencies: Several sought-after meme-based cryptocurrencies have been launched on Solana's network.
4. Advanced Validator Client: The creation of the advanced validator client, Firedancer, has enhanced the blockchain's performance.
It's worth noting that in 2023, Solana outpaced Ethereum in terms of price growth, with SOL surging by 337%, compared to ETH's 62% increase. However, this disparity may indicate that Ethereum could experience more substantial price appreciation in the future, making it a potentially more lucrative investment choice for investors seeking substantial profits.
