I Was Worried About Crypto Until I Saw These 3 Charts
I was writing about Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) the other day, and I said, "Blood is in the water and Solana is a great white shark." Solana came out of nowhere last year and had shocking returns for early investors. Its coin ran up almost 11,000%. And it's not the only one. Avalanche (CRYPTO: AVAX) jumped 3,000%. Fantom (CRYPTO: FTM) -- which is so new Coinbase doesn't offer the coin yet -- ran up 14,000% for the year.
It's my belief that the massive run-up for these new crypto names suggests that the old guard might be in trouble. And yet Ethereum's coin had a great year for a megacap, jumping over 400% in 2021. Ethereum might be a big orca, but it doesn't seem to be bleeding much. And what's fascinating is that when we compare Ethereum to Bitcoin (CRYPTO: BTC), we see the exact same phenomenon. Ethereum has been killing Bitcoin for years! I thought it would be close. Not close at all. So let's look at some crypto charts.
image source: Getty Images.
Source Fool.com
