Ethereum Outpaces Solana: Is The Great Capital Rotation On?
Summary
Ethereum has surpassed Solana in the last 24 hours, with experts suggesting a "great capital rotation." Lumida's CEO is optimistic about Ethereum's prospects, expecting it to reach new all-time highs above $5,000. Ethereum's recent price action and surge in trading volume indicate potential for further gains, with expectations of new highs in 2024. Factors contributing to this bullish momentum include network enhancements and hopes for SEC approval of a spot Ethereum ETF. The upcoming Dencun Upgrade in mid-January 2024 is also expected to improve scalability, performance, and security for Ethereum.
