Driven by the meme coin craze, the veteran public chain Solana is undoubtedly one of the most closely watched L1 blockchains in this bull market, and the SOL token has continued to rise in price this year. This morning at 8:00 AM, SOL made another push, and as of the time of writing, it has reached $238, with a 24-hour gain of as high as 11%, just 9% away from its all-time high of $259 during the 2021 bull market.
Ethereum Showing Weakness
It is worth noting that Ethereum, which has been performing poorly in this bull market, failed to break through further after reaching $3,444 on November 12, and has now fallen back to $3,116, down 2.2% in the past week.
Additionally, according to Trading View data, the current ETH/BTC exchange rate has also fallen to 0.03432, showing a downward trend over the past year, with a 15.77% drop in the past week; while the SOL/BTC exchange rate has risen by 38% in the past month.
