ARK Invest Ex Crypto Head Goes ‘LONG’ On Solana; Here’s Why
Solana News: As the year 2022 comes to an end, Solana (SOL) has made it to the list of biggest losers. SOL has shed around 95% of its price value recorded on the year to date (YTD) basis. However, the Former Crypto head at ARK Investment Management is still going long on the Solana prices despite the mega fall.
Will Solana price surge or dump ahead?
Chris Burniske in a Tweet stated that he is still longing for SOL while haters spinelessly pile onto the downside momentum. He added that Solana price will recover ahead and people will be haunted by the thought that they should have bought the SOL at $10.
Coingape reported that Solana price dropped to the single digits. SOL price collapsed to trade under the crucial $10 price level. It’s trading at an average price of $9.11, at the press time. However, Solana 24 hour trading volume is up by 189% to stand at $1.8 billion.
The Former Crypto head at ARK Invest mentioned that Ethereum co founder Vitalik Buterin asked him about the recent crisis hovering around Solana Blockchain.
Vitalik to help SOL?
Chris Burniske highlighted that the most likable thing about Solana is their unique flavor of hardcore devotees who believe in innovation independence. These people are hardware junkies while the validators’ community is crazy committed. This is similar to Ethereum and Cosmos.
He stated that the Dapp builders are a blend of Web2 and Web3 which directs that they know the crypto backend. Meanwhile, the skills to produce the front ends which go mainstream needs more work to be done.
Coingape reported that Vitalik Buterin backed SOL amid the recent crisis. He stated that the Solana Blockchain has a bright future. He added that it is hard for him to tell from the outside but he hopes the community gets its fair chance to thrive.
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