“Solana Generates A Lot More Fees With A Much Smaller Market Cap Than Ethereum, Samani Argued.”, – WRITE: www.coindesk.com
Multicoin Capital’s Kyle Samani – A Major Investor in Sol and Countless Subordinate Protocols – Has Been Publicly Pressing The Securities and Exchange Commission (Sec) To Look Favorably Upon UPON. His Bullish Pronouncements Therefore Might Come As Little Surprise.
But Onstage Tuesday at BlockWorks’ Digital Asset Summit in New York City, Samani Explained His View Wy Solana Is Better Placed to Appeal to Traditional Investory. IT’s All About the Money: The Fees Being Generated on-Chain, Compared to the Value of the Asset’s Totality.
“A LOT OF THE REASON WY The ETH ETF DIDNN’T HAVE A SUPER STRONG RECOPTION WAS A LOT OF INVESTORS LOOKED AT ETH AND SAID ‘SHOW ME The FEES,’ SAMANI SAID.
By his telling, they didn’t find Much Proof to Justify Investing At Its High Prices.
Stock Traders offen Look at A Company’s Price to Earnings Ratio in Deciding Whatling Ist’s Over or Undervalued; In Other Words, WHEN TO INVEST. Crypto Doesn’T have a have a Clean Metric, But Blockchains Still Have Revenue and Tokens That Can Be Musaged Together for Similar Effect.
Samani Believes Solana’s Theoretical P/E Ratio is Much Healthier from An Investing StandPoint than Ethereum’s. His onstage Math Placed Solana As Trading at 30 to 50 Times ITS P/E WHEREAS ETHEREUM IS TRADING CLOSER TO 1,000 TIMES.
Solana’s P/E Ratio is “Much More in Line with High-Growth Tech Stocks,” Samani Said.
If the logic Plays Out Ten Traditional Investors Might Be Expectioned to Belide Solana Has More Upside Than Ethereum, and Invest Accessingly.
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