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Should SOL be Trading at a 70% Discount to ETH?
Should SOL be Trading at a 70% Discount to ETH? Solana was trading at 97% discount to ether’s market cap in January of 2023 – a clear market dislocation that has closed significantly over the last two years.
Today the gap has closed to a 70% discount.
However, solana is starting to challenge ether in terms of on-chain activity and important network usage KPIs.
Which begs the question: Is the ...
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