SOL more bullish than ETH?

Is Solana (SOL) More Bullish Than Ethereum (ETH)?

By Bfab | Good vibes | 24 Sep 2022


According to the latest Nansen report:

Solana had significantly more daily transactions compared to Ethereum

This is illustrated by the graph below:

ad87867157dd66d2b2f47b979e05f919abc1012a71e50f56741370114fa66009.png

Does it mean SOL is more bullish than ETH?

It cannot be warranted:

  • On one hand, the upcoming Neon mainnet launch is bullish for SOL.
  • On the other hand, Ethereum 2.0 deflationary scheme makes it bullish.

Conclusion?

There is a good activity level on both coins, with a leader and a challenger. Therefore, it makes sense to HODL both of them, while being aware it can be bearish in short term due to external factors like the geopolitics.

Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.

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