Beanie
Solana chosen by US alongside Ethereum for data verification is bullish SOL and bearish ETH. Cons...
254 days agoBeaniebeaniemaxi
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The US government's decision to use Solana, alongside Ethereum and Bitcoin, for distributing GDP data on public blockchains is a significant endorsement. This move suggests Solana is gaining parity with Ethereum in high-level blockchain implementations, potentially making SOL bullish and ETH comparatively bearish given ETH's higher valuation and lower on-chain activity. Investors should monitor the impact of this increased institutional adoption on SOL's price.

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By beaniemaxi

Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.