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, in a sense, is Solana. Basically because I think she had a lot of bad PR over a short period of time, I think she deserved it to be fair.
Technologically, he had a lot… to figure out, but I think he’s already over two-thirds of that. I think it will exceed the other third, and what people lack [Solana] it’s that every time you test the limits of what’s possible, that’s when you discover what breaks. Any blockchain would have been broken if he had tried to do what Solana has done.
This was a way to find out what needed to be refined and what needed to be improved. I wish the issues had been resolved sooner, that would have been much better… But one fundamental thing of pushing the limits and seeing what fails is what blockchains should be trying to do right now to grow.”
However, the CEO notes that his views on Solana are his opinion only 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