{"id":2650,"date":"2023-11-07T21:38:10","date_gmt":"2023-11-07T21:38:10","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/11\/07\/solana-firedancer-update-could-beat-ethereum-for-top-crypto\/"},"modified":"2023-11-07T21:38:10","modified_gmt":"2023-11-07T21:38:10","slug":"solana-firedancer-update-could-beat-ethereum-for-top-crypto","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/11\/07\/solana-firedancer-update-could-beat-ethereum-for-top-crypto\/","title":{"rendered":"Solana &#8220;Firedancer&#8221; Update Could Beat Ethereum for Top Crypto"},"content":{"rendered":"<div data-url=\"https:\/\/banyanhill.com\/solana-firedancer-update-could-beat-ethereum-for-top-crypto\/\" data-title=\"The Solana \u201cFiredancer\u201d Update Could Beat Ethereum for Top Crypto\" data-hashtags=\"\">\n<p>In 2020, I made a big call\u2026<\/p>\n<p>I said that one crypto would come in second place behind <strong>Ethereum (ETH). <\/strong><\/p>\n<p>That\u2019s huge. Ethereum is a Layer 1 crypto \u2014 the building blocks for DeFi and decentralized physical infrastructure.<\/p>\n<p>And today, we\u2019re one step closer to that reality.<\/p>\n<p>Even though it\u2019s less than one-tenth the size of Ethereum\u2019s market cap \u2026 it could be 10 times faster than Ethereum in the next year!<\/p>\n<p>This crypto is <strong>Solana (SOL)<\/strong>.<\/p>\n<p>SOL\u2019s market price hit new lows after <a target=\"_blank\" href=\"https:\/\/www.ibtimes.com\/solana-plummets-then-recovers-amid-ftx-estate-moving-744m-crypto-assets-exchanges-3717752\" rel=\"noopener\">FTX crumbled<\/a>, trading under $20.<\/p>\n<p>But it\u2019s climbed back up <strong>over 90%<\/strong> in the last month alone, trading around $47.<\/p>\n<p>Why?<\/p>\n<p>Well, <a target=\"_blank\" href=\"https:\/\/banyanhill.com\/expert\/andrew-prince\/\" rel=\"noopener\"><strong>Andrew Prince<\/strong><\/a> \u2014 my right-hand crypto analyst \u2014 is joining us to answer that today.<\/p>\n<p>He\u2019ll help explain why SOL\u2019s $16 billion market cap could give ETH\u2019s $228 billion a run for its money\u2026<\/p>\n<p>\u00a0<\/p>\n<p><iframe title=\"Solana\u2019s Firedancer Update Could Rival Ethereum for Top Crypto\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/YQLvJpROr6I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p style=\"text-align: center;\"><strong>(<a target=\"_blank\" href=\"https:\/\/banyanhill.s3.us-east-1.amazonaws.com\/Banyan_Edge\/transcripts\/2023\/11\/110723_TBE_Transcript.pdf?bsft_aaid=6861be0c-8f3e-4d35-8112-646efb160bf2&amp;bsft_eid=b12a7522-17f1-4f92-a8f5-d113919b0d2b&amp;utm_medium=email&amp;bsft_clkid=ad1e8005-5592-485c-9082-4e45e35d57c8&amp;bsft_uid=02f78e7f-fb0d-4ee3-97b6-6071c1f143e9&amp;bsft_mid=f790e3fa-f6fb-45a7-8ba6-bae6027e44a3&amp;bsft_txnid=29ad03e0-581c-47ac-ad2e-4ddc0df48d7b&amp;bsft_utid=02f78e7f-fb0d-4ee3-97b6-6071c1f143e9-BANYBREW&amp;bsft_mime_type=html&amp;bsft_ek=2023-11-07T20%3A10%3A15Z&amp;bsft_lx=21&amp;bsft_tv=2&amp;listCode=BANYBREW&amp;messaging_tags=110723-tbe-free&amp;pk=3d528e129c424ae70e86bcdbcb5f0fef&amp;utm_campaign=110723_TBE_Free&amp;utm_source=BANYBREW&amp;vid2=da8fc2a1888f00e8e15f256bfc6f3413397eb81597969ede45abd4712a899c91cfd6c8aece6b4306a5a5b45bff178f39\" rel=\"noopener\">Or read the transcript here.<\/a>)<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>\ud83d\udd25<\/strong> <strong>Hot Topics in Today\u2019s Video:<\/strong><\/h2>\n<ul>\n<li><strong>Market News: <\/strong>The latest jobs report is in! It points to a slowdown for the U.S. economy. Could it also mean the <strong>end<\/strong> of the Federal Reserve\u2019s rate hikes (like I\u2019ve been predicting)? [<a target=\"_blank\" href=\"https:\/\/youtu.be\/YQLvJpROr6I?si=dMPRC39e7MCcgvyR&amp;t=105\" rel=\"noopener\">1:45<\/a>]<\/li>\n<li><strong>Mega Trend:<\/strong> \u201cDigitalization\u201d is affecting the entire energy sector \u2014 especially the U.S. power grid. From solar panels to battery storage, find out more about the \u201cvehicle-to-grid\u201d devices that are supporting power plants. [<a target=\"_blank\" href=\"https:\/\/youtu.be\/YQLvJpROr6I?si=dMPRC39e7MCcgvyR&amp;t=525\" rel=\"noopener\">8:45<\/a>]<\/li>\n<li><strong>Investing Opportunity #1:<\/strong> Want to invest in the tech that\u2019s innovating our power grid? Consider buying shares of this <strong>exchange-traded fund<\/strong>. [<a target=\"_blank\" href=\"https:\/\/youtu.be\/YQLvJpROr6I?si=dMPRC39e7MCcgvyR&amp;t=710\" rel=\"noopener\">11:50<\/a>]<\/li>\n<li><strong>Investing Opportunity #2: <\/strong>Subscribers of <em>Strategic Fortunes <\/em>can buy into <a target=\"_blank\" href=\"https:\/\/pro.banyanhill.com\/m\/2262069\" rel=\"noopener\"><strong>five energy and EV-related stocks<\/strong><\/a> in our model portfolio. [<a target=\"_blank\" href=\"https:\/\/youtu.be\/YQLvJpROr6I?si=dMPRC39e7MCcgvyR&amp;t=755\" rel=\"noopener\">12:35<\/a>]<\/li>\n<li><strong>Crypto Corner: <\/strong>Breaking news on Solana! Andrew joins us to share his insights. [<a target=\"_blank\" href=\"https:\/\/youtu.be\/YQLvJpROr6I?si=dMPRC39e7MCcgvyR&amp;t=1005\" rel=\"noopener\">16:45<\/a>] Looking for ways to invest? <a target=\"_blank\" href=\"https:\/\/pro.banyanhill.com\/m\/2262077\" rel=\"noopener\"><strong>Check out my special presentation here!<\/strong><\/a><\/li>\n<\/ul>\n<p>Until next time,<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/banyanhill.s3.us-east-1.amazonaws.com\/signatures\/king_sig.jpg\" alt=\"Ian King's Signature\" width=\"150\" height=\"64\" data-imagetype=\"External\" data-uw-rm-ima-original=\"ian king's signature\" data-uw-rm-alt-original=\"Ian King's Signature\" data-uw-rm-alt=\"true\"\/><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/banyanhill.com\/expert\/ian-king\/\" rel=\"noopener\" aria-label=\"Ian King - opens in new tab\" data-uw-rm-ext-link=\"na\">Ian King<\/a><br role=\"presentation\"\/>Editor,\u00a0<a target=\"_blank\" href=\"https:\/\/banyanhill.com\/strategic-fortunes\/\" rel=\"noopener\"><em>Strategic Fortunes<\/em><\/a><\/p>\n<\/div>\n<p><script async>\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s)}(window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n  fbq('init', '269110233792003');\n  fbq('track', 'PageView');\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2020, I made a big call\u2026 I said that one crypto would come in second place behind Ethereum (ETH). That\u2019s huge. Ethereum is a Layer 1 crypto \u2014 the building blocks for DeFi and decentralized physical infrastructure. And today, we\u2019re one step closer to that reality. Even though it\u2019s less than one-tenth the size [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=2650"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/2652"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=2650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=2650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=2650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}