The cryptocurrency market has undergone a major shift throughout the first three months of the year. With regulatory changes that try to drive the industry, the tech gap is beginning to establish who could become a major player in the coming years. In fact, it said that Solana (SOL) has emerged as Apple while one expert said Ethereum (ETH) is on the Nokia path.
The comparison is interesting. This is to encapsulate the mobile phone boom that took place in the early 2000s. Specifically, the shift that emerged from Nokia’s technological advancements was wrapped before it was wrapped by iPhone products that ultimately change mobile phone standards.
Is Ethereum a blockchain Nokia? Here’s why it tracks
The digital asset industry is rising despite prices stagnating so far this year. Furthermore, increasing market participation and increase are beginning to develop potential market leaders. Additionally, it has pushed down some statuses on the early key players.
It has led many to explore which assets and networks could become the face of a new wave of participants. Specifically, one analyst takes him to X (formerly Twitter) and calls Ethereum the blockchain Nokia, and Solana could be an apple of technology.
ethereum = nokia pic.twitter.com/zljdq7olxc
– Curb (@cryptocurb) April 10, 2025
The analysis shares two charts. First Nokia stock has fallen since 2007. Second, it features Ethereum’s market capitalization declined from the 2021 high mark. Statista data then shows that Nokia’s mobile market share has grown from 49% in 2007 to just 3% in 2013.
Ultimately, it was driven by the arrival of Apple’s iOS and iPhone products. It could be happening in ETH in the form of Solana. Its incredible rise is one of the industry’s staples. Between 2023 and fall 2024, SOL increased from just $23 to $264 prices. Furthermore, its market has grown to almost a third of Ethereum.
That rise is related to its speed and cost being much faster and more efficient than Ethereum. That distinction is an important reason not only will the gap close, but there is a high chance that positions will likely be reversed over the next few years.
