Fun

Solana Welcomes Ethereum Prodigy – Is A Price Surge On The Horizon?

News Feed - 2024-12-12 07:12:45

Este artículo también está disponible en español.


Max Resnick, a reputable Ethereum expert, has taken a bold shift to the Solana blockchain. The change follows his departure from Consensys, where he played an important role in advancing Ethereum’s ecosystem. Given Resnick’s strong ties to Ethereum and growing enthusiasm for Solana, this unexpected decision has sparked debate in the cryptocurrency community. Related Reading Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows 2 days ago


Resnick wrote a blog post outlining his motivation for joining Solana, emphasizing his wish to become knowledgeable about the protocol’s main components, including consensus processes and fee markets. He clarified, “I want to get up to speed on the implementation details as soon as possible,” adding that his work might open the door for others to eventually help Solana flourish. Last week was my last week at Consensys. Today is my first day at @anza_xyz.


I’m taking my talents to Solana.


In my first 100 days, I plan on writing a spec for as much of the Solana protocol as I can get to, prioritizing fee markets and consensus implementations where I…


— Max Resnick (@MaxResnick1) December 9, 2024 Focus On Collaboration And Innovation


Resnick’s decision was not solely about Solana’s technology; he also emphasized the important work of Anza, a Solana-focused R&D firm. He applauded Anza’s behind-the-scenes efforts, namely its contributions to network enhancements.


“Those of you in Eth land may not have heard much from them, but they’ve been quietly shipping major improvements to the network over the past year,” Resnick pointed out.


Resnick hasn’t completely given up Ethereum despite his transformation. Working as a Research Fellow at Consensys, he will keep providing advise and support. Resnick’s dual function suggests that he aims to cross knowledge between two important blockchain environments, therefore benefiting both communities over time. SOL is currently trading at $225. Chart: TradingView Solana Price Momentum


Positive confidence has helped Solana’s market performance to progressively get better. SOL has risen 5.9%, to $225 within the past 24 hours. The altcoin has surged sharply since early November, surpassing levels of crucial resistance. SOL’s value jumped 215% during the past year, suggesting rising investor confidence.


The slow rise in price suggests stronger technical structure and more market use. Analysts predict Solana’s momentum will keep on, especially with well-known people like Resnick on its development team. #Solana $SOL will hit $4,000, based on this cup and handle pattern! pic.twitter.com/dXZLI9urOh


— Ali (@ali_charts) December 10, 2024 Related Reading HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential 1 day ago Differing Price Forecasts


Still, forecasts of Solana’s eventual price vary widely. Inspired by the “cup and handle” chart pattern showing on monthly charts, crypto analyst Ali Martinez thinks SOL might reach $4,000. This optimistic framework suggests that a breach above $260 would cause exponential increase.


On the other hand, asset management Bitwise has set a more conservative price target of $750, citing macroeconomic variables and broader market patterns. These divergent expectations illustrate the unpredictability in the cryptocurrency world, where optimism and caution frequently coexist.


Featured image from Medium, chart from TradingView

News Feed

Savannah Fortis14 hours agoCaroline Ellison testimony: SBF bribed Chinese officials for $150M to unfreeze fundsCaroline Ellison, the star witness in the Sam Bankman-Fried criminal trial, testified that SBF tried to use i
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
Kenya Based Fintech Kwara Raises $4 Million in Seed Round A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used
Arijit Sarkar26 minutes agoCrypto influencer arrested in Hong Kong for JPEX associationHong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username ‘jolamchok’ on Instagram, f
Argentine Senate Mulls Crypto Advertisement Regulation
Argentine Senate Mulls Crypto Advertisement Regulation The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations p
Ezra Reguerra5 hours agoMeta launches metaverse game, Bitcoin Ordinals creator proposes numbering change: Nifty NewsletterMeta has rolled out early access for Horizon Worlds on web browsers and mobile devices.1675 Total
Ethereum Staking Hits Record High: 29.02% Of Supply Locked Signals Long-Term Conviction
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
$66K BTC price now ‘critical’ — 5 things to know in Bitcoin this week
William Suberg59 minutes ago$66K BTC price now ‘critical’ — 5 things to know in Bitcoin this weekBitcoin flirts with the lower end of the stubborn BTC price trading range as traders strain to see signs of change.82
Yashu Gola11 hours agoToncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’TON’s price risks a correction in the short term as it nears a confluence of historically strong resistance z
Savannah Fortis33 minutes agoYouTube releases ‘principles’ for working with music industry on AI techThe streaming platform revealed three key principles it will abide by as it works with major figures in the music i
POPEYE METAVERSE MADNESS NFT HODLers Lottery Program and Details
POPEYE METAVERSE MADNESS NFT HODLers Lottery Program and Details sponsored On May 18, 2022, MADworld released and sold out the 1st collection of the POPEYE METAVERSE MADNESS NFT in
Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High
Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032
Devon Brewer: Rediscovering the Golden Rule
Devon Brewer: Rediscovering the Golden RuleThe Golden Rule may be the most basic moral approach to dealing with others. It seems universal across cultures and religions. The Golden Rule is instinctive. We all know it, ev