Wall Street intends to replace the Ethereum ecosystem with the Solana chain, but Ethereum's position in the currency circle is second only to Bitcoin. Its ecosystem is participated by many senior people and institutions in the currency circle, and even includes funds with national backgrounds. Therefore, some investors are wavering between ETH and SOL.
Since August, Ethereum has fallen sharply, while Solana has been relatively strong, indicating that mid-term funds are flowing from ETH to other mainstream currencies. This bull market may no longer rely mainly on ETH.
For SOL, despite its sluggish short-term performance, it is still worth observing, especially as a weathervane of Wall Street's capital attitude. However, SOL's upper limit may be only $300, and its future growth space is limited. It is more about tracking its performance as a weighted indicator.
