Ethereum and Solana have plotted drastically divergent trajectories over the past week or so, causing investors eager to shift capital away from Bitcoin (CRYPTO: BTC) to sit up and take notice.
What happened: Solana, often touted as the “Ethereum Killer,” spiked over 13% in the last seven days, faring among the top weekly gainers. In contrast, Ethereum, with a much bigger market capitalization, slipped 4.63% in the said period.
In fact, in ETH’s terms, SOL was currently sitting at an all-time high, according to data from CoinMarketCap, reflecting a gain of 57% year-to-date. Over the last week, SOL was up over 19% against ETH.
Cryptocurrency
7-Day Gains +/-
Price (Recorded at 12:30 p.m. EDT)
Solana (CRYPTO: SOL)
+13.65%
$173.33
Ethereum (CRYPTO: ETH)
-4.63%
$2,497.52
The divergence comes at a time when Bitcoin, the market bellwether, was flirting with the …
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