🔹 Is Solana killing Ethereum?
Friends, after Solana's recent new all-time high of $295, caused by a number of major meme token launches on this blockchain, many people started claiming that it's time to move money from ETH to SOL.
🔤 This was also driven by negativity towards Ethereum, as it now looks an order of magnitude weaker than bitcoin. But what is this - a local FUD or a really alarming signal?
To better understand the situation, it's worth going back to the origins of the launch of Ethereum and how the crowd treated it.
🪙 In 2019, Ethereum was heavily criticized. At the time, the price of ETH was moving between $100-300, and Twitter was actively discussing that the era of ICOs was over and no one needed ether anymore.
It seemed to be one of the underdogs, as it did not react in any way to the growth of bitcoin.
In addition, at the end of 2020, when ETH was trading at $500-600 after the ATH of $1400 at that time, many people were sure that altcoins would never be on par with bitcoin.
The main reason: institutional investors had already arrived, and altcoins weren't taking off.
📥 In 2022, when Ethereum was again at a crossroads, a new wave of skepticism erupted on social media, «Ethereum has lost its leadership.» This was amidst the launch of major projects and new initiatives in the blockchain industry.
— At that moment, the price of ETH was around $1,700, but there were still claims that Ethereum was on the verge of decline. But despite this skepticism, it was back on top again.
Moreover, instead of the usual horizontal accumulation, we witnessed a sharp «vertical» growth.
🔎 Today we see the familiar doubts again, «Alts will not be able to catch up with bitcoin». These fears are repeated year after year, but the market continues to grow despite pessimistic forecasts.
It is definitely not worth burying ETH. It still has a huge potential, which can be realized thanks to the interest of large capitals.
Trump is actively accumulating ether through his fund Trump's World Liberty.
❕ Fear of certain assets is as cyclical as the market itself. While some flip from unprofitable assets to more «promising» ones, others keep their cool - and win in the long run 🔥
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