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Cryptocurrency Price Speculations / Re: Why is Ethereum price action still influenced by BTC even after decoupling?
« on: Today at 03:09:20 PM »
The only time I see BTC not influencing altcoins is when it's the only crypto that's outlawed. Only then can ETH take over as the new King. Chances of that happening is probably 1% or less.
I don't mean to join you in your Ethereum vs. Solana argument but I'm curious about the congestion that was mentioned. Was it really that bad that it cannot be compared to the usual Ethereum network traffic? Or maybe it's the outage that happened three months ago?Depending on what you measure, when you include L2, Solana usually remains behind Ethereum.Bitcoin remains the King, Ethereum still has a lot to prove if it wants to take the crown and the decoupling was always a dream, but It’s never happening.do you believe in your statement, is it true that ETH is inferior to SOL at the moment?
ETH is losing some ground to SOL, and they in time will lose ground to newcomers and every other judgment by people is just a statement about themselves.
Even though ETH is the top altcoin that will not be matched by other altcoins.
But Solana wins in some areas as an L1 to L1 comparison.
And if you're asking about winning or losing in market capitalization and trends, right now, yes, Eth is winning
However, the claim that Ethereum will not be matched by other altcoins is an overly hasty and inaccurate assertion.
A single point in time tells us nothing.