I've always wondered who Satoshi Nakamoto is and why he made bitcoin and has not touched his 55b fortune yet. I've read a lot about it and I'm fairly sure it isn't Craig Wright, who claims to be Satoshi Nakamoto and sued bitcoin.org (and won) for copyright infringements for sharing the bitcoin whitepaper (lol). But…
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Sam Bankman-Fried, the founder of the crypto exchange FTX, is optimistic about Solana (SOL). He believes that Solana has the potential to scale to Bitcoin’s (BTC) mass adoption level. Bankman-Fried added that Avalanche (AVAX) also has the potential to climb to the top. He also believes Solana is better than ethereum as it’s one of the few blockchains with a plan to accommodate mass adoption. Related Reading | Solana Hits New All-Time High, Surpasses Cardano And Tether To Fourth Place The 29-year old crypto founder has a net worth of $22.5 billion, making him the youngest person to enter the Forbes rich list after Mark Zuckerberg. Cryptos With The Potential For Real Adoption In an interview with Kitco News on Thursday, Bankman-Fried talked about bull and bear runs. And which projects would see mass institutional adoption. When asked if he thinks Bitcoin would see its last Bull run in December before eventually crashing, Bankman-Fried responded that he could not predict the future. However, there will always be more crashes as well as more bull runs. And in the next few years, he expects to see “see substantial institutional adoption of cryptocurrencies.” In the event of a crash, however, he says that projects with loyal followers and important use-cases are more likely to survive. Hype-driven projects, like meme coins, often crash the hardest. “Projects that have real adoption, or potential for real adoption are the ones that loyalists will be backing, even during bear markets.” Bankman-Fried also believes that Solana could be the next Bitcoin. And that there is a possibility that it could see mass adoption very soon. As he has previously said, Solana has a plausible roadmap to scale millions of transactions per second. And that is the most important indicator. SOL trading at $196.5 | Source: SOLUSD on TradingView.com “I think Solana has a shot at doing so, which is really exciting. I think that there are other tokens out there as well that are aiming to scale a bit, and Avalanche is one of them.” He emphasized that the core technology of every blockchain is something that is hard to overhaul. Furthermore, he says that Solana could potentially be the base for more DeFi applications in the future. Bankman-Fried adds that Solana’s market cap could exceed Ethereum’s market. However, it is hard to make a concrete prediction. But one thing that cannot be disputed is that Solana fixes a lot of problems with Ethereum. These include high gas fees and low transaction rates. Subsequently, many have dubbed the network “ethereum killer.” Solana Is Better Than Ethereum Bankman-Fried believes that in terms of scale, not many blockchains could compare to Solana. Earlier this month, he spoke at Yahoo Finance and Decrypts’s “Crypto Goes Mainstream” conference. Related Reading | Why Billionaire Chamath Palihapitiya Invested In The Solana Ecosystem “Solana is one of the few currently existing public blockchains that has a really plausible roadmap to scale millions of transactions per second at you know, fractions of a penny per transaction, which is a scale that you need for this,” Bankman-Fried said. “That is not where a lot of other blockchains have been focusing, including ethereum.” Featured image by Forbes, Chart from TradingView.com
The more I think about it, the more amazed I am by what Crypto.com has done and is doing. The crazy good marketing and ideal domain name are obviously huge things, but they receive almost all of the attention. The product itself is where CDC truly excels and why it will become the biggest exchange.…
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30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. Cross-Chain […]
Of course who doesn’t like money? We all do. But for me crypto is not just about the money. It’s about doing something good, making the world a better place for our children. Giving power to the people and not to corrupt governments. Making managing money simpler and easier. Making transactions smarter and faster. DeFi,…
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So back in May I invested $10 in a shit coin that happened to pump and I sold in the right time. And its funny how this $10 progressed so far • $10 in shitcoin made $1200 • I reinvested $1200 in CAKE and sold it and converted my investment to $2200 after 4 months.…
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The Crypto fear and greed index is now at 21 points signaling "Extreme Fear." Every time the market entered "Extreme Fear" in the past, it had turned out to be an excellent buying opportunity to buy at lower prices. I think this time is no different as Crypto is perhaps one of the only assets…
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