Solana has not yet been negotiated on the stock market, but one of the largest fundraisers in the Asset is to bet that the vehicle adapted to Wall Street could come in 2025 – and think that it is well positioned to trummate the various similar products from Ethereum.
Kyle Samani, of Multicoin Capital – A major investor in soil and countless subordinate protocols – has publicly put pressure on the Securities and Exchange Commission (SEC) to examine favorably an ETF soil. His bullish statements could therefore surprise little surprise.
But on stage Tuesday at the Digital Asset Summit in Blockworks in New York, Samani explained his point of view why Solana is better placed to please traditional investors than Ethereum. This is money: the costs generated to the chain, compared to the value of the entire asset.
“A large part of the reason why the ETH ETF had no super strong reception was that many investors looked at ETH and said” show me the costs, “said Samani.
By his story, they did not find much evidence to justify the investment at its high prices.
Actions merchants often look at the price of the price and the profits of a company to decide whether it is exceeded or undervalued; In other words, when investing. The crypto does not have such a clean metric, but blockchains always have income and tokens that can be completed together for a similar effect.
Samani thinks that the theoretical ratio P / E of Solana is much healthier from the point of view of investment than that of Ethereum. His mathematics on stage placed Solana as exchanging 30 to 50 times her p / e while Ethereum is negotiated closer to 1,000 times.
Solana’s P / E ratio is “much more in line with strong growth technological actions,” said Samani.
If the logic takes place, traditional investors can believe that Solana has more upwards than Ethereum and investing accordingly.
