Top Analysts Give Reasons That ETH Rival SOL Is Still Active
A prominent crypto strategist asserts that Ethereum (ETH) rival Solana (SOL) is still a viable project despite losing roughly 96% of its value from its all-time high.
In a recent video update, the presenter of InvestAnswers reminds his 444,000 YouTube fans that despite the current price of SOL, the robust fundamentals of Solana are shown by its thriving development activities.
The expert asserts that Solana’s ecosystem continues to outpace many other leading cryptocurrencies despite being one of the most severely impacted projects by the collapse of the crypto exchange FTX.
“Here we are. [Solana] is still ticking. ‘Click clock, every block,’ whatever they say. [SOL] is still out there. People are still developing.
It’s not dead. It got a black eye, a broken ankle from all the exposure to FTX and the scammers associated with that but going by the data, [it] looks like it has a very good chance of surviving, especially when you benchmark it against all the other cryptos out there that literally aren’t very active today.”
According to the expert, crypto is essentially Darwinian, meaning that only the “fittest” digital assets with the finest technology and strongest executives will survive.
“Remember everybody, and crypto is Darwinian. The question is, ‘Who will survive?’ The fittest always survive, and the fittest [are the ones with] lower fees, highest TPS [transactions per second], most decentralised, best leadership, etc.”
At the time of writing, the price of Solana is $13.40, a decrease of 6.63% in the previous 24 hours.
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