Hey Guys
The market is heating up so let's see something about Ethereum and Solana that is evident in the past year. Despite Ethereum being the second largest crypto by market capitalization and everything is basically build on top of it or evert project is trying to become better and replace it , it seems that one crypto is closing in and seems doable to actually do it this is Solana.
- The volume market share of SOL continues growing while ETH struggles
- The number of active addresses for SOL is skyrocketing compared to ETH
- SOL managed to attract coins from other chains like AVAX, SUI or OP
- With its huge TPS, Solana has more odds to scale into mass adoption
- Besides the memecoins, the developer ecosystem continues growing. Funds drive interest.
- SOL marketcap is 70B, while ETH sits at 315B. Almost 5 times bigger already.
- Potential ETF on the upcoming months, reaching lots of new markets.
- SOL TVL already sitting at $5,2B while on this same day (25th Sept) of 2023 was just $320M
- Ethereum keeps losing Market Cap to Solana.
Maybe it is time to convert Eth to Solana
Spotify
On the stock market something that caught my eye and I am liking it is Spotify. Spotify is being used by almost 700 million people every day the only problem it had was that the company was not profitable , the past year though this has changed they increased the subscription fees and decreased the operating costs. By doing those two moves the free cash flow has skyrocketed and when there are a lot of cash the investors go crazy and the stock rises.
Should I buy?
Visa
The U.S. Department of Justice (DOJ) intends to proceed with a lawsuit against the company, alleging that Visa engages in illegal actions to maintain its monopoly on credit cards.
Does Visa uses illegal practices or it's product is that much superior that everyone wants to use that network?
Visa has a 65% market share on card payments in the US. After the new the stock dropped more than 5% and this might be a good opportunity to look for and entry.
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