The public chain dispute in the currency circle has a long history and has never stopped in recent years. Many public chains have just come out and are ready to kill Bitcoin, Ethereum and the like. What is the final result?
The strong rise of SOL this time has given retail investors hope again. In fact, ordinary people are not very interested in who can kill Ethereum, but if there is no such gimmick, would you foolishly enter the market to take over?
The logic behind all this is due to human greed and speculative gambling psychology. The price increase adds more speculative opportunities.
It doesn’t matter whether it can surpass Ethereum. What’s important is the currency I buy. It’s most important for you to have the same increase as Ethereum before. This is what retail investors care about. Whether you can be lucky enough to surpass Ethereum’s increase in the future is the decision made by everyone’s investment. Just look at the price and what others are promoting there.
Back to the dispute between ETH and SOL, I believe everyone knows what the passage of ETH and BTC spot ETFs means in the currency circle. SOL Although there are rumors of ETF approval, I personally think it is unlikely due to its fundamental problems.
If you have enough knowledge of the past and present of SOL's fundamentals, I believe your understanding will not be the same as the current one where you want to chase the rise. There was an article about SOL's investment risk-return ratio before. If you are interested, you can take a look. It is based on technical analysis.
The currency circle has passed the wild growth stage, and the era when a few PPTs and a bunch of incomprehensible codes can be used to issue coins. Now investors are selecting the best projects in the currency circle. The currency circle has truly entered the stage of landing applications and realizing commercial value.
Behind each currency is equivalent to a company, and blockchain decentralization is the core. The core of decentralization is security.
SOL is not comparable in this respect. The security of Ethereum and the second-layer network based on the Ethereum network, transaction fees and speed are the gaps that SOL cannot cross.
SOL's hype is just a covert operation by Wall Street. There is no way to go into it in the article. If you are interested, you can look for May.
I personally suggest that SOL's current risk-reward ratio is no longer appropriate, even if it continues to rise in the future, because its fundamentals determine its ultimate value, and value will determine its final price. This is the essence.