The CEO of crypto exchange FTX says he has identified the most underrated crypto asset.
In a new interview with Fortune, crypto billionaire Sam Bankman-Fried says Ethereum (ETH) challenger Solana (SOL) is the most overlooked digital asset despite its recent struggles.
“The most underrated token right now… I think the answer in some sense is Solana. Basically, because I think there’s been a lot of bad PR in a short period of time, I think it kind of deserved to be fair.
Technologically, there was a lot… of work to be done, but I think he’s already been through two-thirds of that. I think he’ll make it through the other third, and the thing that people miss [Solana] is that every time you test the limits of what’s possible, that’s when you find out what’s breaking. Any blockchain would have broken if it tried to do what Solana did.
It was a way for him to determine what needed to be refined and what needed improvement. I wish the problems had been solved sooner, that would have been much better… But a fundamental thing in pushing the boundaries and seeing what breaks is what blockchains should be trying to do right now to grow.
However, the CEO notes that his views on Solana are his opinion only and should not be taken as investment advice.
Recently, the Solana ecosystem was hacked to the tune of $8 million after bad actors exploited blockchain-associated mobile crypto wallets.
SOL is changing hands for $40.39 at the time of writing, a gain of 2.08% on the day.
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