On the Brink: Solana Price Inches Closer to $70.00 Barrier

Solana Founder Urges Collaboration with Ethereum

Solana founder Anatoly Yakovenko has advocated for a cooperative future between Solana (SOL) and Ethereum (ETH), discouraging the divisive narrative that pits the two ecosystems against each other. Yakovenko dismisses the idea of a SOL vs ETH "cold war" as "lame" and believes both platforms can coexist, leveraging their shared features for healthy competition.

The call for unity comes in response to MakerDAO co-founder Rune Christensen's plans to move NewChain from Ethereum to Solana, a move perceived by the community as a competition between the two networks. Yakovenko emphasizes the potential harm in fostering such a rivalry and discredits the notion that one platform's success necessitates the other's demise.

Yakovenko also expresses optimism in Danksharding, a technology that enhances blockchain scalability by enabling cheaper blocks. He refutes previous criticisms of Solana, notably a comparison to the Democrat Party of crypto, defending Solana's role in economic transformation.

Despite the ongoing debates, Solana's price remains strong, experiencing a 2% surge and an 11% increase in trading volume. The positive correlation between price and trading volume indicates substantial buyer interest, higher liquidity, and an active market.

At the time of writing, Solana is trading at $63.58, with potential for further gains, as evidenced by the northbound Relative Strength Index (RSI) and the positive Awesome Oscillator (AO) histogram bars. Eyes are set on the $70.00 mark amid rising momentum and bullish activity in the SOL market.