The story of Melania Trump’s NFT hat sale. Because SOL headed south last week she did not meet her reserve. She pulled the auction for a blip of time and then resumed her auction. SOL had dropped 40% during that. SOL is trying to complete with Eth which was down 30%. SOL’s MC is much smaller. But SOL is proof of stake. Eth is proof of work. Eth 2.0 due in June will be proof of stake. If Eth is rising some of that is signaling that Eth 2.0 technically will work.
The reason the crypto was off last week, the markets are looking down. Since crypto is the most risky of assets investors pulled out quickly. That does not mean for a moment crypto is over or will disappear. If anything the smart money in this space will be buying.
https://www.yahoo.com/news/melania-trump-auctions-off-her-19…