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Solana CEO: The digital currency market is not a bubble!


As digital currency prices rise, Anatoly Yakovenko, CEO and founder of Solana, says the current market situation is not a bubble.

to the Report Decrypt, many digital currencies such as Bitcoin, Binance Coin and Ethereum have managed to record significant growth. These growths have pushed the market value from $ 1.2 trillion to $ 2.4 trillion in the last two months or so.

Meanwhile, the share of Solana, one of Ethereum’s rivals, is more significant than other currencies. The price of Solana (SOL) has risen dramatically over the past month, reaching a market value of $ 40 billion. Solana’s network offers fast and cheap transactions.

“Yakonko says in a recent interview:

This time is different from all the previous ones we saw in the market. It really can’t be compared to other bubbles. The bubble of 2017 came and went, and three years later, different people were making different things. We have now reached a point where we can build infrastructure that enables new developments and new engineering, and they are multiplying very fast.

In another part of his speech, he states that we have now passed the phase of talks and are no longer aware of the allegations. [دروغ] Not in white papers. He continued:

People are now sending everything to each other. The financial dimension of these things is being realized in real products and real societies.

Yakunko also mentioned the sale of unique tokens. According to him, the sale of these tokens helped attract more people to the Solana network; Because they were looking for cheaper networks than Ethereum to buy and sell their art and collectibles. He believes that the main problem is no longer the high price of Solana or other digital currencies. According to him, products such as Solana networks are becoming more and more efficient. He added:

The sustainable part is where you have creative people who have new ideas that look back and are looking to build new things.

He further added:

Projects like Cryptopunx may come and go, but these people [حاضر در پروژه] There are those who stay. People who are not speculators, but developers and creators, and we are seeing more and more people entering this field. On the plus side, it eliminates unhealthy digital currencies when it comes to digital currencies.

Asked if prices were in the bubble, he said:

The .com bubble burst in 2000 as the value of websites such as Pets increased exponentially; But you know that this crash did not destroy the Internet, it only destroyed the magnifications and speculations around it.

According to him, the acceptance curve of digital currencies follows a similar path, which, with speculation, paves the way for actions in this area. He said at the end of his speech:

Maybe we are in the part where email started on the internet.

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