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Is SOL Undervalued? 83% Discount to ETH? | Michael Nadeau
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Manage episode 429309035 series 2630986
SOL is currently trading at an 83% discount to ETH - should it be?
Michael Nadeau is a crypto analyst who can help us answer this question. His approach isn’t technical, he isn’t a decentralization-maximalist, and he doesn’t represent any specific tribe. Instead, he focuses on current on-chain fundamentals like daily active users, fee revenue, and Total Value Locked to provide insights.
In our discussion, we explore why fundamentals matter when analyzing crypto assets like ETH and SOL. We review the data for 2024 to see who’s winning and examine the catalysts for both ETH and SOL. Additionally, Michael shares his price predictions for ETH and SOL this cycle and offers insights on which asset will outperform the other in the second half of the bear market.
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✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/32?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
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🐡 PUFFER | CHECK OUT PUFFER UNIFI
https://bankless.cc/PufferUnifi
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BANKLESS SPONSOR TOOLS:
🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🛞 MANTLE | MODULAR LAYER 2 NETWORK
🦄 UNISWAP | BROWSER EXTENSION
⚡️ FUEL | EARN FUEL POINTS
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION
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TIMESTAMPS
00:00:00 Start
00:02:59 Are Fundamentals Having a Moment?
00:08:59 Solana's 83% Discount
00:12:11 Fundamentals Data
00:17:09 Fees, SOL vs ETH
00:19:52 Fee Generation & MEV
00:22:36 DEX Volume
00:25:31 Stablecoin Volume
00:28:08 Total Value Locked
00:31:49 Core Devs
00:34:50 Value Accrual
00:41:45 The Bull Case For Ether
00:49:22 Upcoming Catalysts
00:57:09 Qualitative Differences
00:59:40 Price: SOL vs ETH
01:04:10 Price Targets
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RESOURCES
Michael's Report: https://thedefireport.io/research/sol-discount-eth
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Not financial or tax advice. See our investment disclosures here:
930 afleveringen
Gearchiveerde serie ("Inactieve feed" status)
When? This feed was archived on September 13, 2024 01:47 (). Last successful fetch was on August 13, 2024 10:41 ()
Why? Inactieve feed status. Onze servers konden geen geldige podcast feed ononderbroken ophalen.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 429309035 series 2630986
SOL is currently trading at an 83% discount to ETH - should it be?
Michael Nadeau is a crypto analyst who can help us answer this question. His approach isn’t technical, he isn’t a decentralization-maximalist, and he doesn’t represent any specific tribe. Instead, he focuses on current on-chain fundamentals like daily active users, fee revenue, and Total Value Locked to provide insights.
In our discussion, we explore why fundamentals matter when analyzing crypto assets like ETH and SOL. We review the data for 2024 to see who’s winning and examine the catalysts for both ETH and SOL. Additionally, Michael shares his price predictions for ETH and SOL this cycle and offers insights on which asset will outperform the other in the second half of the bear market.
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/32?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
🐡 PUFFER | CHECK OUT PUFFER UNIFI
https://bankless.cc/PufferUnifi
------
BANKLESS SPONSOR TOOLS:
🐙 KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🛞 MANTLE | MODULAR LAYER 2 NETWORK
🦄 UNISWAP | BROWSER EXTENSION
⚡️ FUEL | EARN FUEL POINTS
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🗣️ TOKU | CRYPTO EMPLOYMENT SOLUTION
------
TIMESTAMPS
00:00:00 Start
00:02:59 Are Fundamentals Having a Moment?
00:08:59 Solana's 83% Discount
00:12:11 Fundamentals Data
00:17:09 Fees, SOL vs ETH
00:19:52 Fee Generation & MEV
00:22:36 DEX Volume
00:25:31 Stablecoin Volume
00:28:08 Total Value Locked
00:31:49 Core Devs
00:34:50 Value Accrual
00:41:45 The Bull Case For Ether
00:49:22 Upcoming Catalysts
00:57:09 Qualitative Differences
00:59:40 Price: SOL vs ETH
01:04:10 Price Targets
------
RESOURCES
Michael's Report: https://thedefireport.io/research/sol-discount-eth
------
Not financial or tax advice. See our investment disclosures here:
930 afleveringen
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