David Edwards
Cathie Wood, CEO of Ark Invest, is highly optimistic about Solana’s role in decentralized finance (DeFi), especially regarding smart contracts. She foresees both Solana and Ethereum excelling as smart contract platforms. Wood also points out Solana’s advantages over Ethereum in speed and cost-effectiveness.
Wood’s view is that DeFi is gathering momentum. Despite competition, Solana and Ethereum are both expected to be successful, with developers showing solid support for Solana.
Solana (SOL) has risen to become the fourth-largest cryptocurrency, driven by increasing interest from venture capitalists and endorsements from key investors.
The recent increase in SOL’s value is partly due to significant investments from major players in the market, leading to considerable profits for many Solana investors.
SOL’s price recently experienced a remarkable upswing, breaking the $110 resistance and reaching $126, a notable surprise for Christmas, before stabilizing around $111. This represents a 59% increase in just a week and an extraordinary 1009% growth year-to-date.
Disclaimer:
This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular individual.
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