Solana vs Ethereum: The crypto community has begun to clash online
Solana vs Ethereum: The crypto community has begun to clash online
The recent impressive growth of Solana to the level of $25 in two days has stirred the cryptocommunity. As a result of this significant growth, Solana has been in the spotlight, becoming the seventh most capitalized cryptocurrency.
This growth has drawn criticism from members of the Ethereum community who have spoken negatively about Ethereum's Layer 1 competitor, Coingape reported.
Ethereum community member jebus.eth compared Solana to the Democratic Party among cryptocurrencies. "It's a coalition of poor and rich people who don't understand where value actually comes from or how to create it; they just want the product to be cheap," he wrote.
There was an immediate reaction from Solana Co-Founder Anatoly Yakovenko, who commented: "In the larger theater of economic transformation, Ethereum is not a harbinger of true revolution, but simply a new spectacle of bourgeois upheaval."
In his view, some investors are enjoying Ethereum's digital age in vain, as oppression and a lack of freedom remain at its core. "There is still pressure on users of the Ethereum network, albeit by alternative means."
Yakovenko emphasized the characteristics of Solana, in particular the desire for a completely stateless digital space with seamless transactions between people without the constant control of government agencies and capitalist intermediaries.
Therefore, according to Yakovenko, the cost of creating the facility should be negligible, which has similarities with the spread of air. And it will be possible to talk about real decentralization and disenfranchisement in the digital sphere only when digital assets become more accessible. And Ethereum will be left behind because of subtle digital controls.
Over the weekend, Solana attracted attention with an unexpected spike to nearly $25. SOL is currently trading at $23.80, down 2.2% overnight.
Solana could reach the $30 level if it can overcome resistance at $25.
Read also: BTC price consolidates around $27,600.
