FTX co-founder Sam Bankman-Fried touched on the controversy over whether Solana could surpass Ethereum.
Sam Bankman-Fried addressed the controversies that Solana could surpass Ethereum in a talk to Kitco. Bankman-Fried took an agnostic stance about the situation in question, saying “it may or may not pass”.
As it is known, Solana has managed to become the fifth largest crypto asset by market cap, outperforming Ethereum this year. Despite this, SBF did not ignore the fact that Solana could be outdone by another rival network.
SBF also talked about Ethereum and said that its native token ETH could gain wide institutional acceptance even if it doesn’t achieve the same success as Ethereum. He also pointed to composability concerns surrounding Ethereum 2.0 and said that while Ethereum could significantly increase production capacity with the help of sharding, simultaneous transactions would become an issue.
Investors Should Follow Memes
The SBF also touched upon some of the criteria it thinks investors should look at when choosing a crypto project. According to her, one of them is breast cycles:
He warned, however, that these meme projects are riskier than others. As it is known, leading meme crypto assets such as Dogecoin (DOGE) and Shiba Inu (SHIB) have made huge gains in the past months. However, on the other hand, some fraudulent events took place, such as the token of the same name inspired by the Squid Games series. Additionally, he reiterated the saying “Invest as much as you can afford to lose” that has been heard over and over in the crypto community.