Fascinating to see Eth slowly collapse, with only the truest of believers remaining faithful, and the rest of those chasing the "next hot thing" moving from Eth to Sol / BTC.
As a BTC maxi, (other than some really minor alt dabbling), I have seen shxxtcoiners come and go, and each cycle lessons are learned. And still each cycles, new shxxtcoiners emerge.
To me it sees clear, that BTC has won the global store of wealth / defence against declining fiat narrative. So, that leaves ETH (once touted as an "alt" to BTC's core function, with that battle totally lost, and battling and infinite number of "better than ETH-alts". BTC is finite, yet these "better than ETH-alts" are infinite. And reality is, very few of those types of "investors" really care about technical aspects. They simply are chasing a quick gain.
Who wins most out of this? BTC.
I have challenged shxxtcoiners in the past to prove that they can outperform BTC. They all claim they can. But very few actually do in the long run.
United with BTC we succeed. And divided with (infinite) shxxtcoins the shxxtcoiners fail.
Solana was once a top performing altcoin but lost it's charm in the bear market.
It is making a good progress now and made a pretty good comeback but I am not sure if it will be able to sustain the growth.
ETH on the other hand is losing it's potential growth. I must say that ETH should have been around $4k right now but isn't.
If it keeps losing it's growth like this then other altcoins will soon take it's place and it won't remain the next best crypto after bitcoin.
Although it is still on the 2nd rank, it needs to show a steady growth to remain on that position.
