After the multi-month cup & handle (inherited from btcusd), upside breakout. A bull flag over the last 6 months had formed, and finally broken out this week. Expect continuation of this bullish pattern throughout 2024 leading into the 2025 bull run.
Despite the lack of decentralization & costs for running a node, solana is the #1 blockchain by many metrics. Users will continue to be onboarded via meme coins and become solana defi advocates, leading to more adoption.
BTC will become prohibitively expensive for the masses, leading to financial security decisions made to hodl the base layer token.