First of all, congratulations to everyone for enduring a six-month washout, welcoming a brand new major bull wave 🎉 In my posts from September and July, I mentioned ETH, boosting ETH's morale and recharging faith (perhaps recharging faith for myself). I also allocated $BTC and ETH; during the decline of 8.5, my funds were largely used to bottom fish ETH due to the steep drop of $ETH , resulting in the allocation weight of BTC passively dropping to 40%.

During this round of decline to 85, ETH fell back to pre-liberation levels, while BTC surged to 90,000, and ETH didn't even break 3,500. This round has really disappointed me with ETH; even though I rarely waver, this time I really want to change. $SOL indeed crashed several times, but after subsequent upgrades, despite the recent prosperity of various MEME tokens (like the recently popular squirrel PUNT) and shitcoins on the SOL chain, it hasn't crashed again, perhaps indicating that SOL is becoming increasingly reliable. Moreover, SOL has future upgrade plans to further improve TPS and enhance user experience.

Some critics say that transactions on the SOL chain are all MEME and shitcoins, with hype that comes quickly and goes just as fast. But isn't this the script of ETH in 2021: the carrier of the Defi phenomenon narrative (of course, this round hasn't yet exploded into a phenomenal narrative), various MEME tokens (like SHIB) actively trading on the chain, and shitcoins in Ponzi schemes with groups of friends cutting each other's losses. Why can't SOL, having taken hold of such a script, have a bright future?

After ETH switched to POS, it lost one of its most active on-chain activities—miners minting coins. The major L2 in 2021 should be POL, which complements the congested and expensive ETH mainnet. However, now there are a bunch of L2s, aptly named 'value' and 'narrative', like OP, ARB, MANTA, etc. If you peel back these layers, you can find a common point: these coins are all high market value and low circulation, after a brief enticing rally, they start to dump using unlocked zero-cost chips, making you doubt your life choices, halving again and again, endlessly draining resources. SOL, on the other hand, does not rely on L2—this is what the founder said, and SOL's mainnet is excellent enough, and it will further upgrade to accommodate greater trading demands in the future.

ETH itself hasn't innovated much; it has turned POS staking into something fancy. Staking for a liquidity certificate is very normal; you can stake a staking certificate again, that's fine. What's wrong with staking again and again, infinite nesting dolls? Dubbed the 'ETH ecosystem', a bunch of bloodsuckers like maggots, and fundamentally these are all high market value low circulation coins, getting halved and then halved again.

The market's enthusiasm for ETH is also not high anymore; this is reflected not only in the coin price but also in ETFs—BTC gained a lot from ETFs, while ETH did not. The holdings of ETH ETFs are not small, and it is completely unable to be saved by ETFs. Many people, including myself, were still fantasizing about how broad the future of ETH L2 expansion could be in 2023 or even early 2024, and now such dreamers are basically nowhere to be seen. Currently, SOL does not have a spot ETF; if SOL can take advantage of a crazy bull market through a spot ETF, it will undoubtedly raise the coin price to new heights.

These are all the drawbacks of ETH, which SOL does not have. Some people criticize that 'ETH transaction fees are too high, the ecosystem is migrating to SOL'; I feel that's not the main reason. Because when L2 fees were low, they would still say 'fees are too low, insufficient burn, ETH is re-inflating', but currently SOL's inflation rate is actually higher than ETH's. However, SOL has a fixed total supply, and also has a fee-burning mechanism, so in the long run, its economic model has advantages over ETH.

Veteran traders from 2021 often say that BTC leads the charge, ETH follows, and altcoins explode. Isn't this wave quite clearly: BTC leads, SOL follows, and altcoins explode? ETH is an application chain, lacking the amount of faith storage as BTC, and projects like SOL that clearly hold advantages can easily seize ETH's consensus. Currently, SOL is ETH in my heart, and thus I have completely defected, transferring my faith in ETH to SOL. This bull market for SOL will definitely floor at 500 dollars!

The altcoin season will certainly accompany BTC breaking through 120k, but I still maintain the previous viewpoint: there won't be a simultaneous rise of ten thousand coins! Find a track to gamble, or simply hold BTC, SOL, and BNB!