CandleFocus ETC Group advises holding Ethereum, Solana, and Aptos through market shifts
2024-10-12
Author: Content Editor
In a report by ETC Group, investors were advised to hold Ethereum (ETH), Solana (SOL), and Aptos (APT) due to their strategic importance in the layer-1 blockchain space. The report highlighted Ethereum's underperformance in the third quarter, attributing it to the Dencun update, the market crash in August, and weak spot exchange-traded funds (ETF) flows. Despite these setbacks, Ethereum maintained a performance index of 101 compared to Solana's 128 and Aptos' 78. Ethereum remained the most dominant network with a 45% market share, followed by Solana with 35% and Aptos with 20%. Solana's sustainable growth trajectory and Aptos' high developer activity were noted, though Aptos faces challenges in developer adoption.
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