After playing with SOL for a year, I discovered a phenomenon: if the number of holders of a coin continues to increase, but the market value has been suppressed and does not rise, then the coin is likely to fall sharply. This is the experience I have summed up after being cut by leeks again and again.
This situation is called chip distribution in the traditional market, which simply means shipping at a high level. A steady stream of MEME coins have emerged on SOL. This is not because the SOL chain is much better than other chains. Many of them are the result of human operation. It only takes one or two hundred million US dollars to create a few seemingly powerful "dog coins" (referring to cottage coins with no actual value). As soon as people see the wealth-making effect, they all flock to it.
This may be the reason why the SOL Foundation is better than the ETH Foundation. They don't use the money to innovate, but to understand the operation of the chain (such as artificial Pnut). This wave also has SUI, which has a false market value, spends little money, and ships a large amount of goods. When it comes to playing this kind of pattern-based means, the Americans with hundreds of years of financial history are better.
Let's look at the ETH Foundation. They only know how to sell goods and spend money on scientific research every day. They seem to be oblivious to the market. This is also the main reason why the price of ETH has been relatively weak.
So from an operational perspective, the two are one in the sky and the other in the ground. But from a traditional valuation perspective, the bubble of coins such as SOL and SUI is obviously larger than that of ETH. The bubble is mainly evaluated based on innovation capabilities and the current on-chain ecology.
If you are a long-term investor like me and don't have the mentality of wanting to get rich in the short term, maybe holding ETH now is more cost-effective than holding SOL.
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