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📊 Deep Value Territory? ETH doomer boomers are out in full force after the ETH/BTC ratio took a turn for the worse, breaking below the key support at 0.05 to reach their lowest point since 2021. What happened in markets this week?
Solana is experiencing severe congestion, with ~75% of transactions failing last week. While many culprits exist, one in particular, the new PoW token Ore, is certainly not doing anything to remedy the problem. Solana's founder Anatoly and Helius Labs co-founder Mert acknowledged the issues across the network on Twitter, citing the QUIC feature as a key issue. TL;DR on what's next? Fixes will come, but it will take time.
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