Solana / EthereumShort
Token not needed
Solana attempted to be a layer 2 to ETH in the interim while ETH was building out proto danksharding.
Narratives -
1. Base on ETH has began to garner a significant amount of capital. Solana's only value prop is memecoins. If a chain secured by Ethereum's base layer can do the same, what's the point of launching on Solana unless you're trying to run a pump and dump.
2. We're getting late in the cycle, especially if this cycle in the case of a left translated cycle. Majors topping and starting a bear market does not typically bode well for Solana.
Narratives -
1. Base on ETH has began to garner a significant amount of capital. Solana's only value prop is memecoins. If a chain secured by Ethereum's base layer can do the same, what's the point of launching on Solana unless you're trying to run a pump and dump.
2. We're getting late in the cycle, especially if this cycle in the case of a left translated cycle. Majors topping and starting a bear market does not typically bode well for Solana.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.