The people I know who are into crypto all seem to think Ethereum is on the decline and Solana is the next viable competitor in that space. For technological reasons, even. Apparently it's easier or better to work with, in ways that I don't particularly care about digging into very much.
> The price of ETH really took off during the 2021 bull market, when it hit an all-time high near $5,000 – a rally characterized by the rise of decentralized finance, better known as DeFi, and NFTs. But it's struggled to fully come back since the 2022 crash and hasn't yet revisited those highs. This week, it's trading near $4,000 — a psychologically and technically challenging resistance level for ETH investors.
Admittedly, SOL hasn't recovered either. But BTC is at around double its 2021 peak.
The people I know who are into crypto all seem to think Ethereum is on the decline and Solana is the next viable competitor in that space. For technological reasons, even. Apparently it's easier or better to work with, in ways that I don't particularly care about digging into very much.
> The price of ETH really took off during the 2021 bull market, when it hit an all-time high near $5,000 – a rally characterized by the rise of decentralized finance, better known as DeFi, and NFTs. But it's struggled to fully come back since the 2022 crash and hasn't yet revisited those highs. This week, it's trading near $4,000 — a psychologically and technically challenging resistance level for ETH investors.
Admittedly, SOL hasn't recovered either. But BTC is at around double its 2021 peak.