Glassnode: Compared to Bitcoin and Ethereum, Solana's "momentum is weakening"
Bitget2024/12/29 09:45
On December 29, analytics firm Glassnode tweeted that based on the monthly percentage change in realized market value (an indicator that can measure the speed and direction of capital inflows or outflows of these assets), Solana (SOL) is losing momentum on a monthly basis compared to Bitcoin and Ethereum. In the recent downward market trend, SOL's monthly change rate in realized market value has fallen below BTC and ETH. This indicates that Solana's momentum is declining faster than the other two assets.
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