SOL ETF

Solana

<ul class="wp-block-list news-points">
 <li>Ethereum has been outperformed by Solana and Bitcoin in the current cycle.</li>
 <li>An analyst predicted that the “extreme negative sentiment” around ETH might lead to a rally.</li>
 <li>The rejection of spot SOL ETF by the US SEC will benefit Ethereum, predicted an analyst.</li>
</ul>
Ether (ETH), the second-largest cryptocurrency, is facing a wave of negativity. Even long-time supporters are expressing disappointment with its performance and the blockchain’s growing complexity compared to networks like Solana (SOL) and Tron (TRX).
Top trader and crypto analyst on social media platform X (formerly Twitter) Eugene Ng Ah Sio <a href="https://x.com/0xENAS/status/1826817854307795243" target="_blank" rel="noopener noreferrer nofollow">pointed out</a> that Ether has been outperformed by Solana (SOL) and Bitcoin (BTC) throughout this cycle. As per CoinMarketCap, BTC is up 134.47% and SOL is up 601.96% since August 2023 while ETH is up only 62.17% in the same period.&nbsp;
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 The curious case for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> – maybe the beginning of a hated rally?<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> has underperformed SOL and BTC throughout this entire cycle, with pessimists citing a lack of retail friendly architecture and convoluted selling points as key reasons. Whilst they have largely been true,… <a href="https://t.co/BHfKO9oqng" target="_blank" rel="noopener noreferrer nofollow">https://t.co/BHfKO9oqng</a> <a href="https://t.co/1RhXbaXEs1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1RhXbaXEs1</a>— Eugene…
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The post <a href="https://coinedition.com/analyst-eths-hate-rally-could-spark-a-rebound/" rel="noopener noreferrer nofollow">Analyst: ETH’s “Hate Rally” Could Spark a Rebound</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst: ETH’s “Hate Rally” Could Spark a Rebound

Coin Edition

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