The Battle of the Blockchains: Solana vs Ethereum – Who's Winning Now?

Guess what? SOL lost the race to ETH by 25% right at the end of January! 😱
But wait, the SOL/ETH ratio is gearing up for some dramatic plot twists! Stay tuned! 🎬

Oh boy, Solana [SOL] took a dive against Ethereum [ETH] in the last week of January, and it wasn’t pretty. After the wild ride of the TRUMP memecoin launch (we all thought we were on a rocket, right?), SOL took a nosedive from $295 to nearly $220. 🛬

And the drama doesn’t end there! The SOL/ETH ratio during this time showed a drop of over 25% for SOL compared to ETH. If you’re scratching your head wondering what that means—don’t worry, it’s just the ratio showing how SOL is performing *compared* to ETH, and it’s basically a giant red flag about where the capital is flowing. 📉

Is the SOL/ETH ratio about to flip the script? 🍿

Now let’s talk about the wild ride that was the TRUMP craze. For like… two days, SOL was outpacing ETH by almost 50%. But then, like all good things, the Trump hype fizzled out, and guess what happened? SOL took the plunge with the rest of crypto. And let’s not forget the lovely AI fear from China and tech firm overvaluations in the U.S., which sent the whole market into a spiral. 🙃

Interestingly, ETH was the better “calm in the storm” performer. While everyone was running for the hills, ETH stayed a bit steadier, and SOL underperformed by a solid 25%. Solid moves, ETH, solid moves. 🏆

But hold your horses! While the drop looked bad, the SOL/ETH ratio also hit a key point at the upper channel, which, in crypto terms, means this could be where things flip around. If the channel holds, we could see a bounce back. If the lower support levels stand strong, Solana might regain some of its lost glory. 🦸‍♂️

Also, fun fact—Solana’s been holding its own on some fronts, especially in terms of revenue! In January, Solana managed to rake in $119M, while Ethereum was trailing at $107.6M. So who says Solana’s a slouch? 💸

But here’s the twist in the story: remember when Solana’s DEX volume was going crazy at $35.9 billion after the TRUMP memecoin explosion? Well, now it’s plummeted to a jaw-dropping $4.5 billion—an 87% drop. Ouch. 😬

//ambcrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-01-130127.png”/>

As for the price charts, $220 is the magic number right now. It’s like a key checkpoint in Solana’s future. If it dips below that? Well, buckle up—it might slide all the way down to $200. Don’t say we didn’t warn you. 🏁

2025-02-02 00:10

The Battle of the Blockchains: Solana vs Ethereum – Who’s Winning Now?

Is the SOL/ETH ratio about to flip the script? 🍿

Read More