Can SOL reach new highs in this bull market? To put it simply, it depends on whether it has the real substance to support it. People generally mention the relationship between public chain coin market value, security, and asset capacity. This line of thinking is not wrong, but don't over-simplify it. Ultimately, it still depends on whether the influx of funds is strong enough, whether the ecosystem is robust enough, and how hot the market sentiment is.
Now let's talk about the debate between old investors and new investors. The old investors' argument that "ETH's 300 billion market value is too large to grow" sounds somewhat reasonable, as it is indeed difficult to leverage such a large market. As for SOL, wanting to break through the 100 billion dollar mark cannot just be achieved by shouting a few slogans; it lacks a proper catalyst. As for what the new investors say, "ETH is ignored by everyone, and SOL will definitely surpass ETH"? This sounds quite appealing, but the reality might be a bit harsh. The funds, developer resources, and ecological status of ETH are not something SOL can catch up with in the short term.
So, who should we listen to? Don't fully trust anyone; the market will ultimately provide the answer.
