been saying this on Twitter since 2018 but everyone disagreed
ETH and SOL are only valuable insofar as they become "Future Money" / receive long-term HODL demand
their initial monetary premium emerged due to them being "gambling chips" in their respective casinos (ICO + DeFi) and (Trenches) respectively, with a bunch remaining/sitting/lost/burnt/locked in people's wallets and various protocols to this day giving them some floor
99% of participants, however, even large ones, incorrectly reason about them as some sort of BTC-beta + Tech Platform hybrids
The Tech is good but the Coins are mid...
Both coins are about 10x overvalued and are being momentum-traded purely on vibes as BTC beta due to 'indexing' / 'diversification' habits acquired from TradFi stock instincts...
no one wants to admit this obvious truth...
They will still go up with the Tide during a Bull Market though, but no one wants to discuss these things from first principles.
In order to be an ETH / SOL megabull, you need to clearly explain why they are a superior Future Neo-Gold than BTC (and Gold) strictly from a monetary perspective... if you can't, then there is no thesis...
This is why competing on Tech is a fool's errand going into AGI...
If you value Tech above all else then you are not going to have a good time in a World with 1 trillion agents (aka algorithmic immigrants) with 275 IQ... (assuming they don't kill us all)
look into spx6900, a movement to flip the stock market. a giant wealth redistribution mechanism cosplaying as a post-ironic memecoin.