The cryptocurrency market saw a shift in performance in Q4 2024, with Solana outpacing Ethereum and Bitcoin for most of the quarter. This may have been due to strong investor interest in the Solana meme coin community. However, since early December, Ethereum has taken the lead and outperformed the other two assets. This shift in momentum is reflected in the 30-day price performance, with ETH leading at +26.96%, followed by BTC at +17.49%, and SOL at +1.61%. This suggests a slowdown in Solana's growth and renewed investor confidence in Ethereum. Furthermore, there has been a rechanneling of funds from Solana to Bitcoin and Ethereum, indicating a loss of price dominance for Solana.
- Content Editor ( u.today )
- 2024-12-17
Ethereum vs. Solana: Glassnode Spotlights Unexpected Performance Shift