Coin Edition -
- An analyst shared on X yesterday that SOL is finally back where it was last year after being out-performed by ETH.
- The analyst also stated that it could be more profitable to hold both SOL and ETH, and not just one of the two tokens.
- In the past 24 hours, ETH’s price rose by more than 2% while SOL’s declined by 0.36%.
The cryptocurrency analyst and trader, Pentoshi, shared in an X post yesterday that Solana (SOL) is finally back to where it was a year ago after being greatly out-performed by Ethereum (ETH) during the bear market. In his post, the analyst also shared that it would be illogical for traders to pick either SOL or ETH over the other.
In fact, Pentoshi highlighted the fact that the feud between SOL and ETH traders is unnecessary as, in a bull market, both token’s tend to see their prices rise, while they still have periods where the one outperforms the other. In fact, the analyst believes it could be more profitable for traders to own both altcoins.
$SOL / $ETH Sol greatly out performed in the bull, it was far worse in the bear the entire time. It is now back to where it was a year ago. Holding one or the other for the last 12 months essentially = the same outcomeI like both, so. Own both. The argument of only having one… https://t.co/vt0rvK0cGS pic.twitter.com/4rx5X2e1JS— Pentoshi