The co-founders of the crypto analytics agency Glassnode assume Solana (SOL) might outperform Ethereum (ETH) by as much as 5x within the present bull run.
Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic deal with on the social media platform X, say the SOL/ETH chart suggests the SOL/ETH ratio might surge.
“In different phrases, SOL might outperform ETH by 4-5X into the crypto high. And Ethereum goes to rally by itself additionally.”
The chart appears to be like on the Relative Power Index (RSI), a extensively used momentum indicator that goals to find out if an asset is overbought or oversold. The RSI signifies SOL has sturdy momentum, in line with the Glassnode founders.
The chart additionally examines the shifting common convergence divergence (MACD) indicator, a momentum metric that merchants use to look at potential pattern reversals. Happel and Allemann say SOL’s MACD appears to be like bullish.
SOL is priced at $100 at time of writing. ETH is buying and selling at $2,539.
Happel and Allemann additionally say that altcoins generally are “able to fly.”
“We’ve had a interval of CONSOLIDATION after the break-up of the rounding backside formation. The following section is ACCELERATION!
That is the place the Altcoin Season sends crypto flying. The market will double and triple [in] a matter of few weeks to months.”
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