FTX CEO Sam Bankman-Fried Says One of Ethereum’s Leading Competitors Is Under-Appreciated Crypto Asset
The CEO of crypto exchange FTX says he has identified the most underrated cryptocurrency.
In a new interview with Fortune, crypto billionaire Sam Bankman-Fried said that Ethereum (ETH) competitor Solana (SOL) is the most overlooked digital asset despite its recent struggles.
“The token that is undervalued at the moment… I think the answer in a sense is Solana. Mainly because I think it has had a lot of bad PR in a short period of time, I think it kind of deserves it to be fair.”
Technologically, he had a lot…to work through, but I think he really worked through two-thirds of that. I think he’ll skip the other third, and the thing people miss is [Solana] It is that any time you test the limits of what is possible, that’s when you discover what breaks. Any blockchain could have broken if you tried to do what Solana did.
This was a way of knowing what needed to be improved and what needed to be improved. I wish the issues had been fixed earlier, and it could have been a lot better… but the key thing about pushing the boundaries and seeing the flaws is what blockchains should try to do now in order to grow.”
However, the CEO notes that his views on Solana are just his opinion and should not be considered investment advice.
Recently, Solana’s ecosystem was hacked with an amount of $8 million after bad actors exploited mobile crypto wallets linked to the blockchain.
SOL is changing hands for $40.39 at the time of writing, up 2.08% from today.
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