A popular crypto strategist says Ethereum (ETH) rival Solana (SOL) remains a viable project despite dropping nearly 96% from its all-time high.
new video updatethe host of InvestAnswers, tells his 444,000 YouTube subscribers that Solana’s vigorous development activity indicates that its fundamentals are still strong, regardless of SOL’s current price.
Despite being one of the hardest-hit projects by the collapse of crypto exchange FTX, Solana’s ecosystem still outperforms many other major cryptocurrencies, according to analysts.
“I’m here. [Solana] It’s still ticking. “Click clock, all blocks” or whatever they say. [SOL] still there. Humans are still developing.
not dead He had a black eye, a broken ankle from all his exposure to FTX and its associated scammers, but the data says: [it] It looks like it has a very good chance of survival. Especially when benchmarking against literally all other cryptos that are less active today. “
Analysts say they believe cryptocurrencies are Darwinian in nature, or that the best fit digital assets with the best technology and the best leaders will survive.
Remember everyone, the cipher is Darwinian. The question is, Who will survive?The fittest always survives The fittest always survives [are the ones with] Low Fee, Best TPS [transactions per second]the most decentralized, the best leadership, etc.
Solana is trading at $13.40 at the time of writing, down 6.63% over the past 24 hours.
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