Glassnode data reveals that Solana (SOL) outperformed both Ethereum (ETH) and Bitcoin (BTC) for most of Q4 2024, likely driven by strong investor interest in the Solana meme coin community. However, since early December, Ethereum has surged ahead, leading in price performance. The shift is attributed to a significant increase in capital inflows into Ethereum.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin's (BTC) performance, which is also driving altcoin resilience. A closer analysis of market performance in the fourth quarter (Q4) of 2024 reveals interesting details of the dynamics characterizing assets like Ethereum (ETH) and Solana (SOL). On X, Glassnode, a leading on-chain analytics platform, revealed an interesting performance shift between Ethereum and Solana. The figures show that for most of Q4, 2024, Solana outpaced Ethereum and Bitcoin in price performance. This edge recorded by Solana might have been due to strong investor interest and momentum in the Solana meme coin community within that period. Up until early December, Solana witnessed faster expansion in its Realized Cap. Unlike Bitcoin and Ethereum, SOL reflected a strong weekly capital inflow of over 5%. Looking at price performance, SOL outpaced both ETH and BTC for most of Q4 2024. However, since early December, ETH has taken the lead, outperforming the other two assets. For clarification, Realized Cap measures the value of assets based on their last moved price. This serves as an indicator of the capital inflow into the blockchain network. The Realized Cap gives insight into areas where investors deploy funds. However, a significant shift in early December saw the trend reverse and Ethereum jump in the lead. The 30-day price performance indicates ETH leading with 26.96%, followed by BTC at 17.49% and SOL at 1.61%. Ethereum and Solana have experienced rapid growth, with BTC outpacing Solana
Solana Ethereum Bitcoin Q4 2024 Realized Cap
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