After deep research and reflection, I realized I was mistaken. Most traders are waiting for altseason, and I was waiting for it too. You might often see this image: Bitcoin -> ETH -> Other Altcoins.
I thought the same thing: before liquidity flows into altcoins, it needs to pass through ETH, the altcoin with the largest market cap.
But maybe we’re both wrong. ETH might not be the starter of altseason this cycle. Perhaps ETH has already run out of fuel and is now slowly heading toward its decline.
So, will there be an altseason?
I think there will be an altseason, or maybe we’ve already seen the spark of it.
"But ETH isn’t running yet?" Yeah, but how about Solana? Solana has already started moving. It’s the new evolutionary L1 blockchain, younger, cheaper, and faster than Ethereum.
But ETH is the altcoin that already has long-established trust.
Yes, but technology moves fast. If something isn’t useful anymore, we replace it.
Do you know Nokia? People once thought it was too big to fail, but now, who do you hear talking about buying a Nokia phone?
Do you think Facebook was the first social media platform? Nope.
Why can Solana beat ETH? I’ll show you the data, numbers, and facts.
Transaction speed:
Solana handles 1,000 transactions per second.
Ethereum only handles 15 transactions per second.
Fees:
Have you ever made an on-chain transaction? Even without numbers, we know how high Ethereum’s fees can be.