the Solana (SOL) price rally
Bitcoin Maxis don’t consider Solana as “ultrasound money”, and thus not a competitor to BTC.
Furthermore, as far as Solana eats into the market share of Ethereum (ETH), they are happy.
One cryptocurrency that is currently on everyone’s radar is Solana (SOL). Over the last two months, this Ethereum-killer has had a stupendous rally emerging to be the top ten cryptocurrencies by market cap.
Solana has been recently on the institutional radar as well thereby attracting more funds in comparison to giants like Bitcoin (BTC) and Ethereum (ETH). While there’s been an ongoing debate whether if Solana will eat into Ethereum’s market share, the Bitcoin community hasn’t reacted much to this new player in the town.
Probably, unlike Ethereum, the Bitcoin maximalists don’t yet see Solana as a probable competitor in the space. Of course, it is too early to say whether if Solana can beat Ethereum, let alone Bitcoin by market cap.
Market analyst Travis Kling, who also runs the crypto asset management firm Ikigai, expresses his thoughts on how Solana (SOL) has been winning over a significant number of Bitcoin Maxis.
Solana vs Bitcoin maxis
In his latest Twitter post, Travis Kling notes that he has been speaking to a large number of people in the crypto space recently. From his assessment
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