#Solana Momentum Wanes#
Hot Topic Overview
Overview
Solana's momentum is waning, with analytics firm Glassnode pointing out that Solana's realized market cap monthly change rate is declining faster than Bitcoin and Ethereum. This means that the speed and direction of capital flowing into or out of Solana is weakening compared to the other two assets, which could be related to the recent market downturn.
Ace Hot Topic Analysis
Analysis
Solana's momentum is waning, particularly when compared to Bitcoin and Ethereum. Data from analytics firm Glassnode shows that Solana's realized market cap monthly percentage change has fallen below Bitcoin and Ethereum during the recent market downturn, meaning Solana's momentum has declined faster than the other two assets. Realized market cap monthly percentage change is a metric that measures the speed and direction of capital flowing into or out of an asset, and its decline suggests that capital may be flowing out of Solana faster than Bitcoin and Ethereum, which could be related to the overall market downturn and the state of Solana's own ecosystem.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Solana's momentum is waning, with its realized market cap monthly change rate falling below Bitcoin and Ethereum.
Solana's momentum is declining faster than Bitcoin and Ethereum, suggesting a change in the speed and direction of capital inflows or outflows.
The weakening momentum of Solana could be related to the recent market downtrend.
Glassnode's analysis suggests that the waning momentum of Solana could be a phenomenon worth watching.