Solana ($SOL )
has shown signs of declining momentum compared to Bitcoin (BTC) and Ethereum (ETH) in recent months, according to Glassnode analysis.
The research firm analyzed these cryptocurrencies' monthly percentage change in realized market capitalization. This metric provides insights into the speed and direction of capital flows.
During the recent market downturn, Solana's realized market cap exhibited a faster decline compared to Bitcoin and Ethereum, indicating a potential loss of momentum for the Solana ecosystem.
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Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual thorough research.