Simply because, when ETH/BTC indicates it's time to rotate BTC into ETH I'll do that. But if SOL keeps outperforming ETH then rotating BTC into SOL is the better play. In fact I have recently been cautiously rotating both ETH and BTC into SOL (and some of its tokens like e.g. RAY) and it's really helped my account (which has suffered badly during the brutal bear market.)
It's farther out on the risk curve of course but that's probably exactly the right thing to do for me. It's a general uptrend/bull market after all.
In addition, SOL has proven to have great utility for me. Its ecosystem is mostly a breeze to use. It's super fast and fees are truly negligible. Fees almost never factor into the decision whether to make a transaction or not, even for the very smallest transactions. It feels like that's how Web3 should feel.
So holding SOL also just makes sense. Whereas for me ETH's utility is just as a investment (underperforming so far) and to pay occasional fees on its L2s. Solana manages to create positive emotions for me, I guess. In fact I'm interested in looking into smart contract coding for Solana because I keep hearing good things about that too, EVMs less so.
For me SOL/ETH is one of the most important HTF charts to watch, other than, say, DXY, BTC and TOTAL1/2/3.
Can you expand on why you think that?
Of course.
Simply because, when ETH/BTC indicates it's time to rotate BTC into ETH I'll do that. But if SOL keeps outperforming ETH then rotating BTC into SOL is the better play. In fact I have recently been cautiously rotating both ETH and BTC into SOL (and some of its tokens like e.g. RAY) and it's really helped my account (which has suffered badly during the brutal bear market.)
It's farther out on the risk curve of course but that's probably exactly the right thing to do for me. It's a general uptrend/bull market after all.
In addition, SOL has proven to have great utility for me. Its ecosystem is mostly a breeze to use. It's super fast and fees are truly negligible. Fees almost never factor into the decision whether to make a transaction or not, even for the very smallest transactions. It feels like that's how Web3 should feel.
So holding SOL also just makes sense. Whereas for me ETH's utility is just as a investment (underperforming so far) and to pay occasional fees on its L2s. Solana manages to create positive emotions for me, I guess. In fact I'm interested in looking into smart contract coding for Solana because I keep hearing good things about that too, EVMs less so.