$ETH The collapse of the Ethereum market reflects the fall of Nokia, says analyst

An analyst has made a provocative comparison between Ethereum and Nokia, a technology platform that was once dominant but did not adapt quickly enough to the changing competitive market.

The comparison arises amid the ongoing debate between Ethereum and Solana. It dates back years and reflects a deeper tension between legacy dominance and the performance of the next generation. It is about which platform is better positioned to become the backbone of Web3, DeFi, NFT, and the crypto economy in general.

The analyst warns that, like Nokia, Ethereum could be on a slow decline, similar to the mobile phone manufacturer that Apple surpassed in the late 2000s.