Who is stronger, SOL or ETH?

1. SOL is strong, not because the SOL chain itself is good, but because the backers behind SOL are quite powerful. This round, SOL focuses on being user-friendly, supported by meme coins to maintain on-chain activity. It's not very high-end or mainstream, but it attracts users through price increases.

2. ETH experienced a massive surge in the last bull market, relying on decentralized finance (DeFi, staking, lending), and on-chain leverage. However, this round has been hampered by regulations, leading to desperate measures. While high leverage on-chain generates profits, it also creates significant bubbles, making recovery difficult. ETH has continually innovated before, but this round, aside from transitioning to POS, lacks innovation.

3. After the approval of ETFs, the potential sell-off from Grayscale means that if I were a backer, I wouldn't drive up the price at this stage.

4. In the long run, choosing ETH may not necessarily be a bad decision. In the short term, selling coins by Grayscale after ETF approval makes it hard to push prices up.

5. During the market crash, Ethereum and SOL had similar overall declines, but prior to this, SOL had a larger increase while Ethereum almost did not rise. During the downturn, Ethereum showed weak short-term rebounds, while SOL rebounded stronger.