⚠️ THIS IS EXACTLY WHAT I WAS TALKING ABOUT $SOL .
Every time $BTC dumps, SOL seems to take a harder hit than many other major coins.
Yes, Solana is one of the most actively used blockchains. Its ecosystem and adoption are hard to ignore.
But look at its market cap compared with its biggest competitors:
$SOL = roughly 20% of $ETH’s market cap
$SOL = roughly 60% of $BNB’s market cap
SOL = roughly 70% of $XRP’s market cap 💀
That gap raises a serious question:
Is the market undervaluing Solana, or is its adoption not translating into the value investors expect?
I don't think SOL should be judged only by how much it moves when BTC moves.
It deserves a closer look on its own fundamentals not just as a high-beta BTC trade.
Every time $BTC dumps, SOL seems to take a harder hit than many other major coins.
Yes, Solana is one of the most actively used blockchains. Its ecosystem and adoption are hard to ignore.
But look at its market cap compared with its biggest competitors:
$SOL = roughly 20% of $ETH’s market cap
$SOL = roughly 60% of $BNB’s market cap
SOL = roughly 70% of $XRP’s market cap 💀
That gap raises a serious question:
Is the market undervaluing Solana, or is its adoption not translating into the value investors expect?
I don't think SOL should be judged only by how much it moves when BTC moves.
It deserves a closer look on its own fundamentals not just as a high-beta BTC trade.
