Ethereum (ETH) Expected to Outperform Solana (SOL) During the Upcoming Altcoin Season

Altcoin season is expected to return this summer, with Ethereum (ETH) predicted to outperform Solana (SOL) during the upcoming rally.

Good news, comrades! Old Ben is back from his sunny travels, and he's in the mood to discuss a pressing matter:

Is altcoin season upon us once more?

Well, according to the brilliant mind of Arthur Hayes, former BitMEX CEO and now head of Maelstrom, we should be seeing some serious action in the altcoin market later this year. But get this—he predicts that Ethereum will outpace Solana during this upcoming rally.

Now, hold up. Isn't that a bold statement? We're used to seeing Solana steal the show with its mind-boggling price moves, like the recent triple digit performance in the previous cycle. But according to Arthur, we might be seeing more selective gains due to the current market structure.

And what's the verdict on those coins that still don't have a clear use case, even after all this time? Well, they'll likely be lagging behind, especially if they come with a high fully diluted valuation and a low circulating supply.

Despite the huge interest in altcoins, capital is more likely to concentrate on established ecosystems.

Is Bitcoin Dominance About to Decline?

It seems like we're in for a period of consolidation in the broader crypto market, but the momentum for altcoin season continues to build.

Recently, we've been seeing weakness in Bitcoin dominance, and some analysts, like Captain Faibik, have already spotted signs of this downturn.

If Bitcoin's dominance declines further, it could pave the way for a strong altcoin cycle. As Bitcoin's momentum slows, capital may shift towards other coins, especially those with strong fundamentals and active development.

This capital rotation could support sharp price movements in leading altcoins, setting the stage for a vibrant altcoin season with large gains in specific tokens.

The post Arthur Hayes Weighs In: Ethereum to Outperform Solana in Anticipated Altcoin Season appeared first on Tokenist.

The post Arthur Hayes Weighs In: Ethereum to Outperform Solana in Anticipated Altcoin Season appeared first on Tokenist.