The chief executive of crypto exchange platform FTX says that he’s identified the most underrated crypto asset.
In a new interview with Fortune, crypto billionaire Sam Bankman-Fried says that Ethereum (ETH) challenger Solana (SOL) is the most overlooked digital asset despite its recent struggles.
“Most underrated token right now… I think the answer in some sense is Solana. Basically because I think it had a lot of bad PR over a short period of time, I think it sort of deserved that to be fair.
Technologically, it had a lot… to work through, but I think it has already worked through two-thirds of that. I think it will get through the other third, and the thing that people are missing about [Solana] is that any time you test the limits of what’s possible, that’s when you figure out what breaks. Any blockchain would have broken if it tried to do what Solana has done.
This was a way for it to figure out what needed to be refined and what needed to be improved. I would have wished that issues had been resolved earlier, that would have been much better… But a fundamental thing of pushing the boundaries and seeing what breaks is what blockchains should be trying to do right now in order to grow.”
However, the CEO notes that his views on Solana are just his opinion and should not be taken as investment advice.
Recently, the Solana ecosystem was hacked to the tune of $8 million after bad actors exploited mobile crypto wallets associated with the blockchain.
SOL is changing hands for $40.39 at time of writing, a 2.08% gain on the day.
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Featured Image: Shutterstock/Felipe Sanchez/Fotomay
