The crypto market underwent a major shift in the first quarter of this year. As regulatory changes are aimed at advancing the cryptocurrency industry, technology gaps will determine who the biggest players could be in the future. This has led to one expert saying Ethereum (ETH) Solana is the new Apple, while Nokia is becoming obsolete.
This comparison captures the boom in mobile phones that occurred at the beginning of the 2000s. Nokia had made technological advances, and then the iPhone came along to change mobile phone standards.
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The digital assets industry is on the rise despite prices that have stagnated so far in this year. The increase in the number of participants and market growth has led to the emergence of new market leaders. It also has a negative impact on the early players.
This has prompted many to investigate which assets and network could be the faces of this new wave. One analyst in particular. took to X (formerly Twitter) Solana could be the Apple, and Ethereum the Nokia.
Nokia = Ethereum pic.twitter.com/zLJDq7OlXc
— curb (@CryptoCurb) April 10, 2025
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In the second chart, we show Nokia’s fall in stock since 2007. Ethereum’s Market Cap was shown to be declining since its peak in 2021. Subsequently, Statista Nokia’s share of the mobile market dropped from 49 % in 2007 to only 3% in 2013 according to data.
Apple iPhone and iOS devices eventually drove it to the ground. Solana could do the same to ETH. This incredible rise is a staple of the cryptocurrency industry. SOL’s price increased between 2023 and 2024 from $23 to $264. The market for SOL has grown to almost one third that of Ethereum.
The rise of Bitcoin is due to the fact that it’s faster, cheaper and more efficient. This distinction will be a major factor in why not only the gap closes, but also the position is likely to change over the next few years.
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Source: watcher.guru
