SOL is currently beta, but it is definitely not alpha.
In the future, holding SOL may make you feel the psychological pressure of holding ETH-related projects.
When I look at crypto projects, I first find three "baselines": narrative ceiling, fundamentals, and price;
Then evaluate the difference between these three lines, which includes cost-effectiveness and value difference.
Many people forget that the huge returns of the SOL ecosystem come from FUD, which brings cost-effectiveness and value difference. But now, SOL is surrounded by extremely positive consensus.
At present, SOL may be in the late CD segment, the price is out of fundamentals, and the narrative is gradually questioned by the market. At the same time, SOL is also promoting the re/stake narrative, the active liquidity on the chain is turning to inactive liquidity, and funds tend to be quiet.
However, as a beta asset, it is not suitable for short-term valuation reshaping, but for holders who pursue certainty investment.
