I've been thinking lately: Is ETH a deterministic gray rhino, or a mirage for the minority?
Because, unknowingly, especially during this wave of decline from 3000 to 1500, many retail investors have given up their faith in Ethereum. A significant portion of them have switched to BTC or SOL, or even cut their losses and exited the market.
This wave of Ethereum's victory is actually another win for the minority amidst the oversold FUD—an eternal truth of the financial market.
So the question is, what comes next: is Ethereum really going to rise strongly? Will the altcoin version of MicroStrategy take Ethereum's old investors to new heights?
First of all, the bull market for Bitcoin wasn't solely driven by MicroStrategy's purchases.
Secondly, the fundamental aspects and expectations of Ethereum's ecosystem haven't changed much.
Moreover, the altcoin version of MicroStrategy doesn't just have ETH; there are also competitors like SOL, BNB, and others that dilute the energy.
Thinking it over, it seems that SOL has greater potential: RWA and stablecoins are more inclined towards SOL, and the SOL version of MicroStrategy isn't bad either.
Yes, that's right, I've swapped my ETH for SOL!
4.5K
1
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.