Is ETH really going to fail? Will it be crushed by SOL?
The performance of the Ethereum system in this round of market is not good, or not good enough, although there are many big narratives this year:
For example, the Cancun upgrade in March, the end of the Ethereum 2.0 investigation in June, and the approval of the ETF in July. It is said that each of them is strong enough to pull up a wave, but everyone has seen the price performance. From the beginning of the year to now, the increase is only 15%+, far less than BTC and SOL.
So is ETH really going to fail?
The main reason for ETH's weak performance is that the demand for ETH has decreased, and too much liquidity has been diverted by L2, which also gives Solana network hype opportunities.
In the long run, the future network will probably be a pattern of one super and many strong. Who can survive depends on user choices.
For example, the mobile phone systems IOS and Android occupy most of the market. We don’t need so many systems at all. Too many systems will only affect the user experience.
The biggest advantage of ETH ecosystem is that it is more stable than other ecosystems, so it has a greater chance of survival.
If you don’t consider short-term fluctuations, you will prefer ETH. If you are really struggling to decide whether to buy ETH or SOL, then buy both.
As the saying goes, “The two coin killers are always changing”, which one do you prefer?
