Anatoly Yakovenko, the founder of Solana, commonly known as “Toly,” has shared his perspective on the key challenges related to the interaction between blockchain hardware and software.
In his recent post on X, he pointed out that the core distinction between Solana’s approach and Ethereum’s lies in how they handle congestion. From Solana’s viewpoint, when global resources become saturated, relying on price discovery (i.e., raising transaction fees) is not an effective solution, and will cost very dearly! Solana’s system is not capable in the long term and will crash.
Instead of depending on increased fees to manage congestion, Yakovenko emphasized the need to scale hardware to meet rising demand.
If the software doesn’t permit validators to enhance their hardware capacity to handle additional network traffic, Yakovenko believes that indicates a flaw in the software design.
If SPOT is selling at every pump, then what’s driving the price up, why this is a major concern and why this has been the best indicator for tops and reversals?
Let’s look at the chart below, it shows OI against BTCUSD, what do you notice? As price rises, so does OI, and when price falls, OI falls. This tell us, the price increases are not driven by spot purchases but leverage positions. This is not sustainable and not impulsive. Liquidity exit.
ETHUSD quadrupled down on my spot buy position. If Trump wins this election (likely) the likelihood we get staking in ETF increases bigly. Trump likes Eth, more than Bitcoin. I mean he uses it, he is familiar with it and of course his new defi platform is on it. Eth sentiment is also at ATL. Usually is after the first rate cut. Btc dominance is also at the high end of the channel. All the signs are there. Of course nobody sees it until it rockets, then they’ll wish they’d bought.
BTCUSDTXAUUSDETHUSD Idea:Gold and Bitcoin: Dual Insight… With the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago.
From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time?
I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .