My take as to why SOL is underperforming:
- SOL outperformance is driven by onchain attention
- When onchain is thriving $SOL pumps
Right now most coins are moving less than $BTC with exception of things like SUI and TAO
Eventually, people will move further down risk and start betting onchain
The majority of flows and attention will flow into SOL, there's no reason to think onchain season won't be happening here
Once that happens SOL will outperform.
This is all assuming that we're not in a dead cat bounce (I have no idea)
Show original
22.95K
162
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.