Ethereum vs. Solana: Social buzz can result in a bull run for one token

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Solana and Ethereum recently went neck to neck in social media buzz as their prices attempted to break into new zones.

There has been a significant change in their Total Value Locked over the last month, adding to the excitement surrounding these assets.SOL garnered 42.4 million social interactions, whereas ETH recorded 45.18 million. Both assets also boasted positive sentiments, with an 85% positivity rate.

However, an analysis of social dominance on Santiment revealed a shift. Solana’s social dominance decreased to around 4.7%, while Ethereum’s declined to 7% at the time of this writing.showed that it recently re-entered the $3,000 price range. On the 18th of May, ETH added less than 1%, pushing its price into the $3,100 zone for the first time in weeks.

At the time of this writing, ETH was trading at around $3,107, though it had declined by approximately 0.5%.has been experiencing consecutive uptrends over the past few days. The chart revealed that SOL’s price increased by about 20% from the 15th of May to press time. At the time of this writing, SOL was trading at around $172 with a less than 1% increase. The RSI showed that SOL remained in a strong bull trend.Analysis of the Total Value Locked for Ethereum and Solana indicated that both have increased over the past seven days and one month. However, Solana has experienced a more significant rise.Ethereum’s TVL rose by around 4.6% over the past seven days and 6.2% in the last month. At the time of this writing, SOL’s TVL was $4.

 

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