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Should You Forget Bitcoin and Buy Solana?
This underdog cryptocurrency could struggle to stay relevant.
Bitcoin's (CRYPTO: BTC) price surged about 60% over the past 12 months and trades about 7% below its all-time high. That rally was driven by an inflow of cash into its spot price ETFs, which started trading last year; more corporate and institutional purchases, and the Trump administration's crypto-friendly stance and establishment of a Strategic Bitcoin Reserve. Bitcoin could also be gaining more traction as a hedge against inflation, geopolitical conflicts, and other macro headwinds, while expectations for lower interest rates are driving investors toward the crypto market again.
Yet many of the smaller cryptocurrencies were left behind and underperformed Bitcoin. One of those tokens was Solana (CRYPTO: SOL), which only rose about 7% over the past 12 months and remains more than 50% below its all-time high. Let's see why Solana slipped -- and if it might be a better long-term investment than Bitcoin at these levels.
Image source: Getty Images.
