Solana Soars Past Ethereum With Speed and Airdrops, But Correction May Follow Rally
• Solana (SOL) has massively outperformed Ethereum (ETH) in 2023, fueled by fast, cheap transactions and airdrops drawing liquidity.
• SOL's growth is not just hype - it's a formidable Ethereum competitor with potential for more builders and liquidity.
• Technical analysis shows SOL/ETH approaching historical highs, but a 35% correction may follow as the rally becomes overextended.
• Flipping Ethereum's market cap in the near future is unlikely as Ethereum's is still over 5 times larger than Solana's.
• Increased usage and engagement with Elusiv and other Solana projects have benefited from the SOL price surge.