3 months ago 2 min read

Top Analysts Still Support Solana (SOL) Despite Meltdown; Why?

solana-ftx-blockchain-chris burniske-vitalik buterin-alameda-ethereum-ATOM-cosmos

Burniske shared his vision for the Solana (SOL) blockchain, its initiatives, and its possibilities on Twitter in 2022. Since the FTX/Alameda collapse has had a particularly negative impact on the Solana (SOL) ecosystem.

Continue to be long $SOL as detractors pointlessly add to the downward momentum. It won't be me who will be troubled by the notion, "Instead of jeering, I could have been purchasing $SOL $10," when @solana recovers.

30.12.2022, Chris Burniske (@cburniske)

He recently discussed Solana with Ethereum's inventor Vitalik Buterin (SOL). Burniske loves how Solana (SOL) approaches blockchain issues because it differs significantly from how Ethereum (ETH) and Cosmos approach similar issues (ATOM).

What I enjoy best about Solana is that it has its own own taste of fervent supporters and nerds, thus the innovation is distinct from what I find in Ethereum and Cosmos.

He also acknowledged the Solana (SOL) community's wealth of hardware and network optimization experts and the enthusiasm and dedication of its validator ecosystem.

Burniske believes that Anatoly Yakovenko, the main representative of Solana, is more realistic than Ethereum's Vitalik Buterin and Cosmos' Ethan Buchman. It should not be attributed to his willingness to "betray" the decentralized ethos, but rather to his initial vision of blockchain advancement.

Solana (SOL) is a ghost chain, right?

When it comes to introducing Web3 products to the Web2 market, Solana (SOL) has achieved a number of significant firsts: its developers have suitable backgrounds.

Additionally, Solana's virtual machine can scale more quickly than its top rivals. Chris Burniske and his group are optimistic about Solana (SOL) and Cosmos because of this (ATOM).

Shiv Sakhuja, one of the co-founders of Magik Labs, commented on his post and acknowledged that the network activity on Solana (SOL) is too outstanding for a "ghost chain" or a "dead chain":

Although Solana's situation appears dire, 10 million active addresses confirmed 500 million transactions this month on the network. That sounds more like a bot-chain than a ghost-chain, though.

The price of a Solana (SOL) token fell from $171 to $9.88 in the previous year, losing 95% of its worth.

Disclaimer: The author's personal view may be included in the information, which is subject to market conditions. Before making a cryptocurrency investment, do some market research. Your individual financial loss is not the responsibility of the author or the publisher.

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