Ethereum has risen to the top in the fourth quarter of 2024, leaving Bitcoin and Solana behind.
According to data shared by Glassnode, Solana (SOL) attracted attention by outperforming Ethereum (ETH) and Bitcoin (BTC) throughout the fourth quarter of 2024. However, as of early December, Ethereum took the lead, leaving the other two assets behind.
As of today, Ethereum is ranked first with a 26% increase in price performance over the last 30 days, Bitcoin is ranked second with 17%, and Solana is ranked third with 1.6%.
Many experts believe that for a strong altcoin bull run, Ethereum would first need to break its previous high, and then altcoins would follow. At this point, a shift in power from Solana to Ethereum could serve as a positive signal for the entire market.
This data clearly illustrated Ethereum’s recent strong rise and the fact that Bitcoin and Solana have fallen behind.
While Ethereum’s recent superior performance has increased investors’ confidence in Ethereum, Solana’s decline in performance has revealed the need for careful monitoring in the crypto market.
These changes are likely to continue to influence the direction of investments and investor psychology in the cryptocurrency market.
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