As Bitcoin (BTC) rises out of its recent dip and paves the way, the altcoins are following, and not many more so than Solana. Already up 17% so far on the week, $SOL is powering its way back to the all-time highs
Solana is the Ethereum of this bull market
Could Solana (SOL) be the Ethereum (ETH) of this bull market? Many investors seem to think so, as flows from the Ethereum network are making their way to the Solana network. Could this be something to do with a perception that the Spot Ethereum ETFs will not be granted? Or is it that getting transactions done on Ethereum is so much more time-consuming and costly than on Solana?
650% gains for $SOL over $ETH
Source: Coingecko/TradingView
On the SOL/ETH chart, the strength in favour of $SOL is readily apparent. The uptrend has so far amassed a 650% gain for $SOL over $ETH since June 2023. As can be seen, $SOL is encountering resistance again at the 0.055 level. That said, the uptrend line and the resistance level are formin
We współpracy z: https://cryptodaily.co.uk/2024/05/solana-sol-powers-back
