Serious Question: What the Heck Is Going On With Solana?

TL;DR

There havn’t been any enormous shifts in Solana’s fundamentals, or any loopy bulletins that will juice its narrative up to now few weeks, but SOL goes up and up.

Solana had a whooole lot extra floor to get better than Ethereum. Even now, after SOL has exploded – it is nonetheless down 68% from its earlier highs, whereas ETH is just down 53%.

If Ethereum had been to go up 15%, it might add the equal of Solana’s whole market cap, to its personal.

Full Story

What the heck is occurring with Solana?

It simply…it simply retains on climbing.

However there hasn’t been any enormous shifts in its fundamentals, or any loopy bulletins that will juice its narrative up to now few weeks…

So what provides?

(And why is not Ethereum transferring alongside it?)

Once we discover ourselves asking these sorts of questions, we divert to podcasts and articles, the place individuals a lot smarter than us give their two cents.

Right here’re three causes that made us go ‘oh, yep – that is sensible’:

Solana has 10x’d from its bear market lows (going from ~$8 in Jan, to ~$80 at this time) whereas Ethereum has solely 2x’d. How does that work?

Effectively, Solana completely TANKED (shedding 96.8% of its worth, going from $250, to $8) because of its affiliation with FTX. Whereas Ethereum solely dropped 77.65% within the bear market, from ~$4.7k to ~$1.05k.

Level is: Solana had a whooole lot extra floor to get better. Even now, after SOL has exploded – it is nonetheless down 68% from its earlier highs, whereas ETH is just down 53%.

Ethereum’s whole market worth is WAY greater than Solana’s ($257B vs. $34B), which implies it takes much less funding to push SOL’s worth up.

For context: if Ethereum had been to go up 15%, it might add the equal of Solana’s whole market cap, to its personal.

To that time….there’s extra money to be made in Solana proper now.

If ETH good points $34B in whole market worth, you make 15% in your funding.

If SOL good points $34B in whole market worth, you actually double your cash.

So whereas Solana continues to be seen because the riskier guess, the prospect of a bigger repay is attractive a higher share of investor cash in the meanwhile.

Very cool!