Ethereum has been in a downward spiral since it was converted into a mintable coin. And no one knows how far it will go. SOLANA has become a very strong coin and there is a possibility that it will do much better in the future. And because of the low price of SOLANA, it is in the eyes of investors. I myself am also waiting to invest in SOLANA. And when I see SOL below $100, I will start buying SOL and my target will be to hold at least 50 SOL. Where the amount of Ethereum holding will be 0 in my holding assets
I don't think ethereum is the only coin guilty of this dump, there are some other like Solana itself that has been dumping for some months now, even faster than ethereum we are comparing it with but the reason why ethereum is bad is that it never pump when Bitcoin was puking, there shouldn't be a reason to be dumping now.
I think that meme coins contributed to why sol price was highly move and there has been a lot of political interest in Solana than in ethereum, they didn't make noise like the way sol did last year but Solana made many promises and none seems to be fulfill yet.
Over the years, ETH has made its name to the masses and public, and has gained mass adoption, SOL is working on gaining that mass adoption and popularity as well, in a matter of time though, if ETH doesn't work on their transaction fee issues, that might be a chance for SOL to come drag for some space that is already occupied.
This is a down trend in the crypto market for the past three months of the year, and this has affected not only ETH or SOL, but the entire crypto industry. So, let's wait and see how the market will be after this continuous down trend. Both coins have good networks in the community, the only difference is their price and ranking in CMC.
- I think the situation of SOL now is like the situation of ETH during 2016-2017, now let's assume that if it is 100% sure that it will surpass the price of Ethereum in these times, maybe I will convert my other assets immediately to SOL then hold immediately always.
But since ethereum is volatile, it is difficult to determine and so is Solana at this time. Therefore, in my conclusion I am not sure if in this season of bull run Solana will overtake ethereum, maybe it can happen but not at this time.
even though ethereum seems to be struggling this year, ethereum is still widely owned by large investors. so I think this year solana can't overtake ethereum,
Maybe in the next few years, that could happen.
because it seems that solana is showing good movement and is in great demand by investors, especially for coins.
ETH is anchor by the early OG's that got in at 25 cents a coin.
it is in there best interest to stake and sell the interest coins.
if they stake at 2 % 10000 coins get 200 a year interest that is 200x1800=360,000 a year.
This is over 20% of the staked coins. It make eth stable to a huge drop .
And it make it hard to go way way up to 5k
Eth should stay in a 1200-2500 slot for a while.
Solana is not going to get to 1200-2500 for at least 5 years.
So if and when Eth falls to Solana it will likely be after 2030 not before