not gonna blame this gentleman for his sentiment but this is wrong
and it's why CT is always late to things
this is not what happened in '24 (AI was also a thing on Base and perps were on HL anyway)
the reason SOL does well is because it's the most usable ecosystem and has a ton of talent
it is also easy to hate which makes people sideline themselves
the reason it'll continue to do well is the same — it is polarizing and the most usable/scalable ecosystem
there is a disproportionate amount of successful apps and the most battle tested scalability in crypto combined with a fast shipping core
this has been the case for 4 years now and keeps getting stronger
it also has a very strong startup ecosystem (see axiom, pump etc)
a crystal clear technical roadmap that will improve scale 100x with direct value capture and no supply chain fragmentation or leakage
and a ton of institutional catalysts heading into breakpoint
the current game is to have a rizzed up korean guy on cnbc be maniacally bullish and that's fine (and will also come to solana)
but that doesn't make the sol case weaker lol, they are completely independent things with different time horizons, and both assets can do well
in fact, eth doing well generally helps sol
sol is 1/5th the size and is even 50% less than xrp if we wanna talk about underpricing
People are still trading on Solana hoping for a revival but don't understand what drove the mania in Q4 2024.
1) The Solana wealth effect. This is over. The coin has already repriced, and SolBTC has been flat or down since January 2024.
2) ETH guys/perpetual traders who underperformed and missed the whole Solana move started blasting memes and AI nonsense. There's no need to do that when ETH is moving.
You are still early moving all your $ from Solana to ETH.
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