There may never be a cryptocurrency like Bitcoin (CRYPTO: BTC). Since its creation back in 2013, Bitcoin has returned an incredible 22,279.89%. And it may not be done yet, with some analysts predicting Bitcoin could eventually hit $1 million by 2030. That would be a more than 40-fold gain from today's price of $24,000.
That said, Solana (CRYPTO: SOL) has the potential to be the next Bitcoin. Since its public launch in 2020, the token is up an incredible 3,260%. In 2021, Solana was one of the hottest cryptocurrencies of the year. But will it ever become an iconic cryptocurrency that is found within almost every investor's crypto portfolio, just like Bitcoin?
Just like any good investment, Solana needs a clear value proposition to attract as many investors as possible. Right now, the investment thesis around Solana is that it is a cheaper, faster, and better alternative to Ethereum (CRYPTO: ETH), which is the No. 2 crypto in the world by market capitalization. Solana is a pure proof-of-stake blockchain capable of processing over 65,00 transactions per second with near-zero fees, while Ethereum can only process around 15 transactions per second with high transaction fees.
Source Fool.com