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In the Crypto Assets market, I would like to share an interesting observation and prediction. By analyzing the trading pair ratio of SOL and BTC, I found that it exhibits astonishing similarities and fractal characteristics with the early ETH/BTC trading pair.
Looking back at history, Ethereum played a leading role in the last bull market, but then gradually lost some market advantages. This decline may be attributed to multiple factors: the consensus mechanism shifted from proof of work to proof of stake, layer two network solutions diverted the attention of large funds, and the pace of innovation slowed down.
So the question arises, will SOL repeat the mistakes of ETH? From the perspective of fractal theory in market trends, this possibility indeed exists. The future development trajectory of SOL will largely depend on whether it can avoid the mistakes made by Ethereum and whether it can continue to introduce revolutionary innovations in the next market cycle.
If there are no continuous innovative breakthroughs, the recent market peak may become an important turning point in the development of SOL. The market is never short of cycles, but excellent projects can always find new growth points amidst changes.