Top Ethereum Rival Solana Primed for a Breakout, According to Real Vision Analyst Jamie Coutts – Here’s Why
Real Vision’s chief crypto analyst Jamie Coutts is saying that a top Ethereum (ETH) competitor may be on the verge of a massive breakout. Coutts says that the number of active Solana (SOL) addresses has soared by triple digits in percentage terms in the last three months, far more than other smart contract platforms. He believes that SOL’s recent price correction combined with the network’s metrics make it poised for a big move to the upside. “Solana: active addresses exploded by 276%, yet fees dropped 11.3%. Price looks like a coiled spring, primed for a breakout.” He also shares metrics on other smart contract platforms (SCPs) from the same time period: “On-chain activity update for major SCP networks: Ethereum: fees have likely hit a cycle low, surging 77%, while price momentum remains weak -21.9%. TON: active addresses +208%, fees +103%, but price growth (+26.1%) feels muted due to Telegram’s CEO fallout – likel...