I think I have written at least two articles about Ethereum and SOL. Many people think that Ethereum is not doing well, mainly when compared with BTC and SOL.

To be honest, there is no need to compare it with BTC, they are totally on the same track. Jiushen said in "Hoarding Bitcoin" that for applications like Ethereum, you propose a 2.0 today, and he will come up with a 3.0 tomorrow, and someone will definitely come up with a 4.0 the day after tomorrow, so don't worry.

The original proposal for 2.0 applications was BTS. Where is it now? Applications must be fast, large, and fun. Such demands place endless demands on technology.

To make it easier for everyone to understand, let me give an analogy that might not be entirely appropriate. Apple needs to continuously update and innovate to maintain its leading position, but gold only needs to remain stable to still be gold.

The function of currency is actually better the fewer functions it has. We can imagine, if we added a contract signing function to paper money, opened a blank area for you to leave messages and draw, or included a game for your leisure, would you consider that innovation?

Clearly not; you would think it is flashy but impractical, adding unnecessary features. Ultimately, people will still choose that 'clean' currency, and Bitcoin is that clean currency.

So Bitcoin is the leader, and Ethereum is also a leader, but they are not in the same track and certainly not on the same scale. Their roles and functions are different, so don’t compare them to BTC.

Don't mention 2017 or 2021; back then, Ethereum ICOs issued a bunch of coins. Look at the entire ERC20; hundreds of thousands of ERC20 tokens were born from Ethereum.

Including the explosion of DeFi summer, it is like an operating system; originally just a bare system, then hundreds of applications are queuing to be installed, and the prerequisite for installation is purchasing ETH. Project participants need to interact and require a large amount of ETH, so the price can naturally compete with BTC.

By the time this round ends, what narratives and highlights are left? None. Innovation has fallen behind, so it is natural to fall behind BTC as a trend.

That's naturally compared to SOL, as they are in the same track. From the perspective of price, SOL's increase is almost comparable to Bitcoin. Currently, with BTC reaching a new high, SOL has also reached a new high with a 10% increase.

Does this mean SOL is superior to Ethereum? No, it can only be said that Wall Street is playing hard, which is just a blatant attempt to grab ETH users. Both on-chain and off-chain are competing. Developers and project parties have pulled some users from Ethereum to the SOL chain, as well as some user funds that were planned to buy ETH. Under the FOMO created by price and SOL's market value management, they turned to buy SOL.

But whether the coin price can be sustained in the long run depends on what SOL has actually accomplished that Ethereum could not, what innovations it has that Ethereum does not have. So far, we have seen nothing.

The problems that Ethereum encounters are also the problems SOL faces. If we compare the development of public chains to walking, Ethereum has taken 9 steps in 9 years and then stopped, while SOL has taken 8 steps in 5 years, following Ethereum's footprints. However, upon reaching the 9th step, it too has come to a halt.

However, I know that what everyone cares about most is the coin price. Which is better to buy, Ethereum or SOL?

Warren Buffett once said that there are three primary considerations in investing: the first is to preserve capital, the second is to preserve capital, and the third is still to preserve capital.

This means that the primary consideration when choosing an asset is low odds, but low odds usually come with low returns. However, there are indeed some low-odds, high-benefit assets, such as BTC, which is one of the reasons why large capital favors BTC.

Back to the question itself, which is better to buy, Ethereum or SOL?

Starting from the primary consideration of preserving capital in investment, currently comparing ETH and SOL, ETH is at a low-odds price level. Let’s first look at the exchange rate of ETH to BTC, as follows:

On May 26, Bitcoin 67,000 USD, ETH 3,800 USD

On July 30, Bitcoin 67,000 USD, ETH 3,200 USD

On September 28, Bitcoin 67,000 USD, ETH 2,600 USD

On October 27, Bitcoin 67,000 USD, ETH 2,500 USD

If we look at the monthly chart, it is similarly weak, having fallen for two consecutive years. The ETH to SOL exchange rate is the same.

In fact, my viewpoint is quite clear. In my article on November 6 (The Great Battle, Concerning Coin Price!), I mentioned that during the recent decline, Ethereum whales increased their holdings by 4,000 ETH. Ethereum is currently being criticized across the network, indicating that this is a relative bottom signal. The upgrade in the first quarter of next year is another definite positive for ETH; this is a low-odds, high-reward opportunity.

If you had acted after reading the article on November 6, you should have seen a 15% gain in these past two days. There is also a recent positive news for Ethereum; on November 12, Ethereum will hold its annual developer conference.

In short, don’t rush with Ethereum. Historically, it has always been Bitcoin that surges first, followed by ETH. This round is expected to see ETH begin a considerable chase when Bitcoin approaches around 80,000 USD.

Only when it reaches a new high of around 4800 will BTC accelerate again towards 100,000 USD. If you have ETH, there's no need to switch; just wait.

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