"Solana's momentum slows as Bitcoin and Ethereum maintain stronger market positions, signaling a shift in investor sentiment."
Solana's Momentum Declines Compared to Bitcoin and Ethereum
Recent analysis from Glassnode, shared by PANews, reveals that Solana (SOL) is experiencing a notable decline in momentum when compared to Bitcoin (BTC) and Ethereum (ETH) over the past month. The decline is evident in the monthly percentage change in realized market capitalization, a key metric that tracks capital inflows and outflows. During the recent market downturn, Solana's realized market cap change rate fell below that of both Bitcoin and Ethereum, signaling a faster loss of momentum for Solana in comparison. This shift raises questions about Solana's performance as investor interest seems to wane relative to the leading cryptocurrencies.
