Based on the above chart, Grayscale\u2019s total holdings have increased in a phased manner. Currently, the holdings have plateaued with the price hitting the peak. Once Grayscale increases ETC holdings, the current price rally is expected to get a boost. Retail traders HODLing ETC for the past 90 days have an ROI of over 150% and this may hit 200% post increase in demand from Grayscale.<\/p>
In the case of ETC, external factors have an impact on the ROI post 30, 60 or 90 days; however, when it comes to SOL, on-chain metrics are key indicators.<\/p>
SOL\u2019s price has been up over 12% in the past 24 hours; the asset\u2019s trade volume is rising, just as the case with ETC. SOL has scaled up consistently since the beginning of 2021 due to faster processing speeds and lower fees when compared to other alternatives. What SOL has got over Ethereum is that POH (proof of histroy) is faster and cheaper when compared to POW (proof of work).<\/p>
Until Ethereum\u2019s network fees drop and remain consistently low, projects like SOL have a higher chance of capturing market share and rallying on top spot exchanges. Besides, partnerships play a key role as well, and recently FTX\u2019s new derivatives exchange Serum has adopted SOL. This may have given the altcoin much-needed boost and the price has hit a new ATH hours ago. It may kick into price discovery mode if trade volume continues increasing.<\/p>