Bitcoin and DeFi Coins Rally, Ethereum Alternatives Drop as Solana’s Outage Triggers Sector Rotation — CoinDesk

“After the phenomenal rally of solana and being discovered by many people as a strong contender to long-term rival for Ethereum due to its cheap gas fee and smart contracts protocols, it’s time for a reset and bitcoin has regained focus,” Laurent Ksiss, managing director of exchange-traded products at 21Shares, told CoinDesk in a Telegram chat. “It’s clear that Solana’s technical glitches on Monday caught many by surprise, and, as a result, may have tainted its rally and premise.”