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Solana, which is rapidly eroding against Bitcoin and Ethereum, may offer one last opportunity! - Coin Bulletin
The rapidly changing metric specifically for Solana shows that it is experiencing a momentum loss compared to Bitcoin and Ethereum, remaining lower.
According to the data provided by Glassnode, the monthly change rates in the realized capital values of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have been notable during the recent market fluctuations.
These rates are used as an important indicator to determine the capital inflows and outflows and their directions of the relevant assets.
Decreasing Momentum in Solana
In the recent bearish trend of the market, Solana experienced a faster loss of momentum compared to Bitcoin and Ethereum. When the changes in market capitalization are examined, it can be seen that Solana lags behind the other two assets.
Capital change rates on a 30-day period basis were recorded as +10.87% for Bitcoin, +5.43% for Ethereum, and +2.19% for Solana.
Analysts have expressed that this pullback could also be interpreted as one last buying opportunity for Solana, considering a possible bullish scenario.
These data indicate that Bitcoin continues to lead, Ethereum has had a more moderate rise, and Solana has shown relatively weak performance. Especially for Solana, this situation indicates a downward trend that investors need to watch carefully.
It is of great importance for investors who evaluate capital movements in the cryptocurrency markets to shape their strategies by taking into account such indicators.