ethereum has some actual cases and its future upgrades looks promising eth and layer 2 are carrying the web3 space while solana is now only popular for scam meme coins deployment.
koinmilyoner
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Bullish
Solana vs. Ethereum: Altcoin season heats up as Bitcoin goes below $100,000
In protocol fees and DEX volume, Solana and Ethereum are tied this month.
In October and November, Solana outpaced Ethereum in key on-chain metrics.
Altcoin season continues as Bitcoin falls below $100,000.
Technical indications suggest Solana and Ethereum rises
In October and November, Solana (SOL) outperformed Ethereum (ETH) in protocol fees and DEX volumes.
Bitcoin fell below $100,000 on Friday after reaching a record $104,088 on Thursday.
Ethereum and Solana compete in DEX metrics. Recent gains and growing market capitalization prompted the "flippening," when SOL market cap tops ETH. SOL rose as Solana's meme coin ecology developed.
TheBlock metrics suggest the two cryptocurrencies are vying and virtually similar in protocol fees and DEX volume. Solana outperformed Ethereum in October and November, but that might stop this month.
Altcoin season increases as Bitcoin dominance declines. Bitcoin dominance is stabilizing at 55%. Blockchaincenter.net's altcoin season index is 86 out of 100. Top 50 cryptocurrencies outperformed Bitcoin for 90 days.
Most cryptocurrencies soared with Bitcoin to $100,000, but Solana and Ethereum might prolong their gains per technical signs.
The Solana and Ethereum price prediction
Nearly 10% growth are expected for Solana. The cryptocurrency is in the Fair Value Gap (FVG) and crucial support zone between $215.27 and $229.60.
This suggests additional SOL price increases. Altcoin consolidation is underway. When the inefficiency zone is filled, SOL may restart its surge toward $264.39, its all-time high.
SOL's bullish thesis might be dashed with a daily candlestick closing below $229.60.
If it keeps rising, Ethereum (ETH) might hit $4,868, its previous high. Ether is rising according to the MACD and RSI indicators.
A daily candlestick closing beneath the FVG's upper limit between $3,500 and $3,497 might undermine the bullish argument for Ethereum. $3,000 may break the psychological barrier for ETH.
BTC Is almost at 100k and still you will not see any hype in the market or among retailers like literally. All the alts are still performing shit , eth is stuck at 3200 which used to outperform Btc every time now don't talk about the Btc dominance chart I know about that too. But I am not enjoying this market at all.
#MyFirstSquarePost New to Binance Square What to do bros to be honest I am a spot trader entered in this Future's trade in fomo have 150usd to add into margin to further decrease the liquidation cost. should I hold or close please guide me.
Why people are acting like if Trump will lose BTC will come down to 0 he is using crypto community for votes he was against crypto in 2020 and still BTC peaked after his loss. Be patient Kamala win may cause few days of dump but in the bigger picture everything will be okay. Major liquidations are present in the 74-75k range in 1yr time frame. Although I hope Trump should win
#MyFirstSquarePost New to Binance Square What to do bros to be honest I am a spot trader entered in this Future's trade in fomo have 150usd to add into margin to further decrease the liquidation cost. should I hold or close please guide me.