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Sam Bankman-Fried, chief executive officer of crypto derivatives trading platform FTX turns to Solana as one asset holding the most potential.
Speaking with Fortune magazine, the crypto billionaire said that the dubbed Ethereum (ETH) killer Solana (SOL) is possibly the most underrated token being traded right now.
“Most underrated token right now. I think the answer in some sense is Solana. Basically, because I think it had a lot of bad PR over a short period of time, I think it sort of deserved that to be fair.
Technologically, it had a lot to work through, but I think it has already worked through two-thirds of that. I think it will get through the other third, and the thing that people are missing about Solana is that any time you test the limits of what’s possible, that’s when you figure out what breaks. Any blockchain would have broken if it tried to do what Solana has done.
This was a way for it to figure out what needed to be refined and what needed to be improved. I would have wished that issues had been resolved earlier, that would have been much better. But a fundamental thing of pushing the boundaries and seeing what breaks is what blockchains should be trying to do right now in order to grow.”
‘SBF’ made it clear in the interview that his take on Solana is just his opinion and is not investment advice.
At time of writing, SOL is moving hands at $42.65 according to CoinMarketCap data.