One thing is clear that fees rule the valuations game in the long run(except Bitcoin as it is like the pet rock Gold)


Ethereum had much higher valuation compared to other alt1’s due to generation of high fees. Scaling Ethereum has reduced its fees as demand has not increased as much as scaling has been done via multiple L2’s and DA layers.

Solana rose to higher valuation due to memecoin bubble and the major activity of it being on Solana, now when memecoin activity has decreased the price of $SOL also decreased.

Next parabolic run will with the new hot use-case like ICO’s, Defi & NFTs.