Solana’s smartphone saga generates mixed reactions among crypto community

Solana's smartphone saga generates mixed reactions among crypto community

The development of one of the most popular blockchain networks in recent times, leads to the launch of a smartphone based on Web3 technology. For Solana, this seems to be a real milestone. Part of the community is delighted, but there is no shortage of criticism.

Comparisons to Apple and Ethereum

Along with the latest set of solutions for developers (Solana Mobile Stack), a smartphone based on Android will be released. This information, by a large part of the community supporting the project, was welcomed with great excitement. Vinny Lingham was even tempted to call it an “iPhone moment” for Web3. David Ticzon did the same, using the words “Apple of Web3”.

There were also voices comparing Solana to its biggest competitor, which is Ethereum. A Twitter user with the nickname Thesolmane noted that while Solana is thriving, Ethereum has not experienced any innovation for several years.

There were many more comparisons to the second largest blockchain. Many market observers pointed out that Solana’s developers are doing what they do best , which is to learn from the mistakes of their peers and instead of fixing them, create a network where they are completely excluded. Solana’s strength is also its simplicity. In their opinion, despite the many similarities between blockchains, it is the SOL ecosystem that is more user-friendly when ETH often acts as a deterrent. 

Solana still struggles with outages

Amidst the array of admiration, skeptical remarks were also clearly voiced. The beginning of June was painful for SOL, not only because of the general weakness of the market, but also because of another network outage, the fifth in the current year. Among others, a Twitter user with the nickname Metamaxie commented on the matter. He pointed out that SOL developers are focusing on the wrong aspects of development. Launching a smartphone while blockchain is struggling with instability is in his opinion inappropriate. 

Solana on the gas

Meanwhile, looking at Solana’s (SOL) chart, we see that the popular blockchain has gained momentum recently. After reaching a low of $25.80 on June 14, the value of the coin has increased by nearly 60% in 10 days. Thus, the price is trying to reach the 50-day SMA marked in red. MACD remains bullish, but at the same time a clear bearish divergence can be observed. It may suggest the upcoming deceleration of the bullish rally.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

More News

All articles loaded
No more articles to load

Knowledge Base

Terra (LUNA)

What is Terra (LUNA)?

This time we take a look at another project that dived deep into the hearts of investors. What exactly is…

What is Avalanche (AVAX)?

Avalanche (AVAX) is a blockchain, which conquers the hearts of programmers and at the same time is a great bargain…

What is Sandbox (SAND)?

In this material, we take a look at one of the fastest growing spaces in the metaverse family. We are…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Knowledge Base

What is Terra (LUNA)?

This time we take a look at another project that dived deep into the hearts of investors. What exactly is Terra (LUNA)? Blockchain Terra (LUNA)…

What is Avalanche (AVAX)?

Avalanche (AVAX) is a blockchain, which conquers the hearts of programmers and at the same time is a great bargain for investors. What distinguishes the…

What are stablecoins and how can you use them?

In recent years, cryptocurrencies are experiencing a real “boom”! And not just for cryptocurrencies – the rise in popularity applies to blockchain technology in general.…

What is Sandbox (SAND)?

In this material, we take a look at one of the fastest growing spaces in the metaverse family. We are talking about Sandbox and SAND…

What is Polygon (MATIC)?

Another coin worth looking at is Polygon (MATIC). It is especially liked by many investors. So what makes its popularity constantly growing? Support for Ethereum…

What is Shiba Inu (SHIB)

Shiba Inu (SHIB) is one of the most sought-after coins on the market. This is evidenced by its dynamic rallies and global interest. But does…
All articles loaded
No more articles to load