Did you hear that asset management group VanEck has estimated that Solana could reach $3,211? While these predictions may make crypto users’ heads spin, blockchain co-founder Anatoly Yakovenko has not forgotten the recent past. In a message published on Twitter, he throws flowers to Vitalik Buterin. The co-founder of Ethereum was the only one who, braving the rivalry between Ethereum and Solana, had supported Solana when the storm triggered by FTX threatened its survival.
Ethereum co-founder predicted Solana’s growth when it was sinking
The story begins in late 2022. Solana was deeply affected by the collapse of the crypto exchange FTX to which she was closely linked. The cryptocurrency for which VanEck now predicted growth to $3,211 had fallen to $7.78, its lowest level in three years.
Solana (SOL) had moved to the 17th largest crypto asset by market capitalization. Abandoned by several of its developers, the protocol saw a big cloud of doubt hovering over its future viability. THE thanks expressed by Anatoly Yakovenko against Vitalik Buterin relate to a publication made by Buterin during this period.
Indeed, on December 29, Vitalik Buterin made an unexpected publication on Twitter to improve the image of Solana who was squarely at rock bottom. Buterin had announced to the world that the Solana protocol now had a greater chance of thriving because it had intrinsic value.
Buterin had argued that this was the best time for Solana’s growth because the fall of FTX had removed bad actors from the ecosystem. He also applauded the Solana developers, whom he described as serious and very intelligent. However, Solana, also called the “Ethereum Killer”, maintains very strong competitive ties with Ethereum.
Buterin praised for putting crypto industry evolution ahead of rivalries
Today, Solana has become a real phenomenon in the crypto world with performances that, at times, are a threat to Ethereum. Crypto had a boom year in 2023, generating an annual profit of 200% for staking and moving to 2nd place in terms of market capitalization. It even outperformed bitcoin at one point, with the total value locked increasing significantly.
The Solana co-founder expressed his gratitude to Buterin on X who went beyond the competition and rivalry between their companies. He believes that competition and differences should be aimed solely at the evolution of the crypto industry. In an unstable crypto market, such sentiments between competitors are a complete game-changer.
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