Is Solana (SOL) Emerging from Ethereum (ETH)’s Shadow?

The Flow Horse, a well-known crypto analyst, said that Solana will repeat the performance of Ethereum's previous bull cycles.

The cryptocurrency market had a strong start in 2025, with major coin prices rising rapidly. However, the competition between Ethereum and Solana seems to be heating up. While Ethereum is still the second-largest cryptocurrency by market capitalization, Solana has been quickly gaining ground and is now closing in on the top 10.

Several analysts believe that Solana could even overtake Ethereum this cycle, thanks to its faster transaction speeds, lower fees, and rapidly growing ecosystem. However, Ethereum also has its advantages, including its first-mover status, larger community, and more established DeFi ecosystem.

As a result, it is likely that these two cryptocurrencies will continue to compete fiercely for market share in 2025. This competition could benefit both projects by pushing them to innovate and improve their offerings. Ultimately, it will be up to investors to decide which cryptocurrency they believe is the better long-term investment.

Solana (SOL) price had a strong start in 2025, outperforming other major cryptocurrencies like Bitcoin and Ethereum in the past week. SOL price surged by 4% against Bitcoin (SOL/BTC) and 20% against Ethereum (SOL/ETH), outpacing the gains made by BTC and ETH, which were 2.44% and 10%, respectively, over the same period.

This outperformance by Solana is largely attributed to the resilience of SOL price despite the recent market downturn and the continued interest in Solana from users and developers. Solana’s user base has remained engaged with the network throughout 2024, despite the bear market, which has contributed to the sustained demand for SOL tokens.

Cryptocurrency analyst The Flow Horse highlighted the strong performance by Solana in the past week, suggesting that SOL price could continue to rally against Bitcoin and Ethereum in the upcoming bull cycle, echoing the performance of ETH against BTC in the previous bull cycles.

“Solana is likely to follow Ethereum’s rally against Bitcoin in past cycles.”

Solana (SOL) price soared by 4% against Bitcoin (SOL/BTC) on Monday, outpacing the gains made by BTC and ETH, which were 2.44% and 10%, respectively, over the same period.

However, Solana (SOL) price later corrected and decreased by 2.18% on Tuesday morning, underperforming Bitcoin and Ethereum, which both posted gains of 0.24% and 1.03%, respectively, in the past 24 hours.

Despite the recent correction, SOL price remained in the green for the past seven days, posting a gain of 4.17%, outpacing the gains made by BTC and ETH, which were 2.44% and 10%, respectively.

Solana (SOL) price performed poorly in 2024, decreasing by 94% from its all-time high and underperforming Bitcoin and Ethereum, which both posted losses of 77% and 88%, respectively, over the same period. However, SOL price recovered strongly in early 2025, outpacing the gains made by BTC and ETH, which were 100% and 150%, respectively, in the past 90 days.

Solana (SOL) price is currently trading at $28.98, down by 0.00% in the past 24 hours and up by 4.17% in the past seven days. SOL price has a total market cap of $10.49 billion, ranking it 11th place on the latest cryptocurrency rankings.