Data: SOL/BTC ratio has grown 290% since October 2023

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Cointime2024/01/28 08:19

By:Cointime

Data disclosed by Glassnode shows that since October 2023, the SOL/BTC ratio has increased by 290%, fluctuating between 0.0011 and 0.0005 SOL/BTC. During this period, its performance has been significantly better than ETH, but unlike ETH, the price of SOL did not show any significant increase after the approval of Bitcoin spot ETF. In addition, the performance of altcoins in recent weeks has been disappointing, with ETH performing better than most altcoins and dominating the entire cryptocurrency market with a rise of 4.2%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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