The cryptocurrency market has undergone a large shift all through the primary three months of the 12 months. With regulatory modifications trying to propel the business, technological gaps are starting to ascertain who might be the foremost gamers within the coming years. Certainly, that has led one professional to say Ethereum (ETH) goes the best way of Nokia whereas Solana (SOL) is rising as Apple.
The comparability is an attention-grabbing one, because it encapsulates the cellphone growth that occurred within the early 2000s. Particularly, the shift that occurred from Nokia’s technological development earlier than it was ultimately lapped by the iPhone product that modified cell phone requirements.
Is Ethereum the Nokia of Blockchain? Right here’s Why It Tracks
The digital asset business has been on the up-and-up regardless of stagnating costs to date this 12 months. Furthermore, that improve in market participation and improve has begun to formulate potential market leaders. Moreover, it has pushed down the standing of a few of its earliest key gamers.
That has led many to discover which belongings and networks might be the face of the brand new wave of members. Particularly, one analyst took to X (previously Twitter) to name Ethereum the Nokia of blockchain, whereas Solana stands out as the Apple of the know-how.
ethereum = nokia pic.twitter.com/zLJDq7OlXc
— curb (@CryptoCurb) April 10, 2025
The evaluation shares two charts; the primary showcases Nokia’s inventory fall from 2007. The second featured Ethereum’s market cap declining from its excessive marks in 2021. Subsequently, Statista knowledge exhibits that Nokia’s cellular market share went from 49% in 2007 to only 3% in 2013.
It was ultimately pushed down by the arrival of Apple’s iOS and iPhone merchandise. That might be taking place to ETH within the type of Solana. Its unbelievable rise has been one of many business’s staples. Between the autumn of 2023 and 2024, SOL elevated from simply $23 to a worth of $264. Furthermore, its market elevated to almost one-third of Ethereum.
Its rise is related to its pace and price being a lot sooner and extra environment friendly than Ethereum. That distinction is a key motive why the hole won’t solely shut, however the positions are more likely to reverse within the coming years.
