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FTX CEO Sam Bankman-Fried Says a Leading Ethereum Rival is the Most Underrated Crypto Asset

The CEO of crypto exchange platform FTX says he has 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.

“The most underrated token right now… I think the answer is, in a way, Solana. Basically, because I think it’s had a lot of bad PR over a short period of time, I think it kind of deserved it, to be fair.

Technologically, she had a lot to process, but I think she’s already processed two-thirds of it. I think she will make the other third too and what people miss is [Solana] is that every time you test the limits of what is possible, you find what breaks. Every Blockchain would have broken if she tried to do what Solana did.

This was a way to find out what needs to be refined and improved. I wish the problems had been solved earlier, that would have been much better… But pushing the boundaries and seeing what is breaking is a fundamental thing, which is what blockchains should be trying to grow now.”

investment tip FTX CEO Sam Bankman-Fried Says a Leading Ethereum Rival is the Most Underrated Crypto Asset, Crypto Trading News

However, the CEO cautions that his views on Solana are his only and should not be taken as investment advice.

Recently, the $8 million Solana ecosystem was hacked after malicious actors exploited mobile crypto wallets connected to the blockchain.

SOL is trading at $40.39 at the time of writing, up 2.08% on the day.

Featured Image: Shutterstock/Felipe Sanchez/Fotomay

Source: Crypto News Deutsch

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