Journalist
- SOL ($218.08) underperformed ETH ($3,163.97) by 25% towards the end of January
- However, the SOL/ETH ratio may be heading towards key inflection points
Solana [SOL] lost ground against Ethereum [ETH] in the last week of January. The altcoin retraced most of its gains post-TRUMP ($19.93) memecoin’s launch, dropping from $295 to nearly $220 on the charts.
The SOL/ETH ratio revealed that over the same period, SOL’s decline was over 25% relative to ETH. For the unfamiliar, the SOL/ETH ratio tracks SOL’s relative performance to ETH and by extension, the likely capital rotation between the two smart contract platforms.
SOL/ETH ratio eyes key inflection area
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