As its bear market troubles continue, the inventor of Ethereum (ETH) offers words of encouragement to the developers of competitor smart contract platform Solana (SOL).
Since the “terrible opportunistic money” has been washed out of Solana, the former millionaire believes the blockchain’s future is bright, and he wishes for its continued success.
“From what I’ve heard, Solana is home to a dedicated group of intelligent developers, and the chain’s prospects seem promising now that the terrible opportunists in the financial sector have been flushed out.”
Solana and its ecosystem are now in freefall. SOL’s all-time high price of $259.24 was reached in November 2021, representing a decline of more than 96%. At the time of writing, the ETH competitor is trading at $9.81, a 2% increase over the last 24 hours.
It was revealed yesterday that Matrixport, a cryptocurrency trading platform, will delist Solana and all connected services. Indeed, the company has said that going forward, they would not be listing any SOL items.
Several other digital assets, including the DEX token Serum (SRM) and the liquidity provider token Raydium (RAY), also fell in value as a result of SOL’s delisting. Each asset is down more than 99 percent from its all-time high.
At the time of writing, SRM is trading at $0.151, representing a 19% rise over the last twenty-four hours. RAY is now worth $0.145, a 2% increase over the previous day.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.