Solana’s surge to $25 sparks Ethereum comparisons; co-founder envisions a stateless, decentralized digital realm.
Solana’s recent rally to $25 has caught the attention of the crypto community, leading to comparisons with Ethereum. As Solana gains prominence and becomes the seventh-largest cryptocurrency by market cap, members of the Ethereum community have started criticizing the Ethereum Layer-1 competitor.
In response to the criticism, Solana co-founder Anatoly Yakovenko swiftly addressed the situation. Yakovenko expressed his view that Ethereum represents a mere spectacle of bourgeois upheaval rather than a true revolution.
He emphasized the importance of a stateless digital realm, where communication and transactions flow freely among people, liberated from the control of middlemen and government surveillance.
With Solana’s price surge, investors have taken notice of the cryptocurrency. Currently trading at $23.61 with a market cap of $9.7 billion, Solana aims to break past the strong resistance at $25 to reach $30. The outcome of this rally will determine whether the bullish momentum can be sustained.