Because many positive things have happened in the last months that needed to be digested by the market. Now the sentiment has changed about Solana. I have seen at least 3 prominent crypto figures that have changed their tune about Solana in the last months and I’m sure they are not the only one.
First, it became clear that Solana wasn’t involved in the FTX collapse during the SBF trial. It also became a blessing in disguise, there isn’t anymore an agent with too much influence in Solana and it’s ecosystem. 40% of Alameda/FTX holdings were sold in the open market during the collapse. The other 60% will be sold very slowly because they are unlocked monthly during several years. The impact is similar to bitcoin mining rewards sold annually, about 1,5% annually.
But there is much more, firedancer is huge and it’s already in beta. Agreements with visa, google and Shopify. Render and helium migration. New dapps, like Drip, that would be impossible in almost any other chain.
Ethereum fees are so high and stupid, glad I sold a bunch of eth for sol around $18. Eth is going to still pump but no where near what solana is about to keep doing.
Because many positive things have happened in the last months that needed to be digested by the market. Now the sentiment has changed about Solana. I have seen at least 3 prominent crypto figures that have changed their tune about Solana in the last months and I’m sure they are not the only one.
First, it became clear that Solana wasn’t involved in the FTX collapse during the SBF trial. It also became a blessing in disguise, there isn’t anymore an agent with too much influence in Solana and it’s ecosystem. 40% of Alameda/FTX holdings were sold in the open market during the collapse. The other 60% will be sold very slowly because they are unlocked monthly during several years. The impact is similar to bitcoin mining rewards sold annually, about 1,5% annually.
But there is much more, firedancer is huge and it’s already in beta. Agreements with visa, google and Shopify. Render and helium migration. New dapps, like Drip, that would be impossible in almost any other chain.
Solana is delivering.
Ethereum fees are so high and stupid, glad I sold a bunch of eth for sol around $18. Eth is going to still pump but no where near what solana is about to keep doing.