Solana' increasing asset value could jeopardize ETH’s dominance, positioning it as the go-to high-cap asset for investors.
This shift in market dynamics could lead to a reevaluation of ETH’s value proposition, especially if Solana continues to gain traction.may not be experiencing a fleeting surge, but rather the beginning of a larger trend that could shape future market cycles.may become a more persistent feature, rather than a short-term anomaly, threatening Ethereum’s longstanding dominance in the blockchain ecosystem.In August, the Solana to Ethereum ratio reached an unprecedented high of 0.
In contrast, SOL has held steady, breaking through the key psychological barrier at $160 to trade at $174 at press time, bolstered by a bullish MACD crossover. If this trend continues – which appears likely – SOL’s rising value could threaten ETH’s dominance, making it the preferred high-cap asset for those looking to mitigate risks wheneverEarlier, critics claimed Solana’s low fees made the chain economically unsustainable. Fast forward less than 12 months, and Solana has not only flipped Ethereum in transaction fees but also in miner extractable value tips.
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