Solana founder Anatoly Yakovenko envisions a future where Solana and Ethereum (ETH) coexist. In this vein, he called for the entire narrative of one ecosystem killing another to be scrapped. Amid these developments, SOL set its sights on $70.
Solana founder wants the end of the cold war!
Anatoly Yakovenko, founder of Solana (SOL), urges his followers not to bring back the narrative that played out in the past cycle. “This is lame,” he says, pitting SOL against Ethereum (ETH) in this context. The Solana executive says it is possible for the two ecosystems to coexist. It also envisions a future in which it can leverage its overlapping features to compete.
https://twitter.com/aeyakovenko/status/1731025584271274244
The statement comes after MakerDAO co-founder and CEO Rune Christensen announced plans to remove the protocol’s NewChain from Ethereum and fork it on the Solana Blockchain. Christensen’s intentions were harmless. However, the community perceived this as a battle of the best between Solana and Ethereum. However, according to Yakovenko, this war is only harmful to the ecosystem.
Yakovenko wants to refute the perception that “Solana is developing and Ethereum is somehow dying.” It also shows that Danksharding is optimistic that it will have enough bandwidth to contain all of the Solana data. Danksharding, in particular, is a technology that allows Blockchain technology to add cheaper blocks. Increases storage space for rollup operations. Thus, it emerges as an Ethereum rollup scaling method that expands transaction volume.
Solana inventor has made similar calls before
This isn’t the first time Yakovenko has tried to quell the Solana and Ethereum fight. jebus.eth, an Ethereum community member, criticized Solana in a quote from October. ETH community member likened Solana to the Democratic Party of crypto. He described Solana as a “coalition of the poor and the rich” that lacked an understanding of the source of value. jebus.eth added that there is a group of people who prioritize cheapness over value.
Sol is like the dem party of crypto
Coallition of poors and wealthy ppl who don't understand where value actually comes from or how to create it, just that the things I want should be cheap
— Jebus.eth (@jebus911) October 1, 2023
In response, Yakovenko argued, “In the grand theater of economic transformation, Ethereum presents itself not as a harbinger of a real revolution, but merely as a new demonstration of bourgeois uprising.”
LEFT technical view: $70 on target!
Crypto analyst Lockridge Okoth looks at the technical picture of SOL. As you follow from Kriptokoin.com, Solana price continues to remain northbound. The altcoin gained 2% on the day, along with an 11% climb in trading volume. The parity between price and trading volume indicates strong interest in the asset by buyers. It also indicates higher liquidity, better order execution, and a more active market to connect buyers and sellers.
At the time of this writing, the cryptocurrency was trading at $63.58. Additionally, all eyes are on the $70.00 mark amid rising momentum and the presence of bulls in the SOL market. This can be seen in the green histogram bars of the northbound RSI and the Awesome Oscillator (AO) in the positive zone.
SOL 1-day chart
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