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- With August drawing to a close, many in the crypto world are unsure how far the market’s bull run has progressed
- The IOHK CEO claimed in the aforementioned AMA that Solana’s team had contacted him and offered various links concerning the project
- Hoskinson went on to say, if there existed such a thing, it would have to be divided down into either a field of economic partnership or a field of political collaboration
With August drawing to a close, many in the crypto world are unsure how far the market’s bull run has progressed. Cardano [ADA] and Solana [SOL], for example, have proven critics wrong, emerging as two of the most successful cryptocurrencies in the previous 30 days. While ADA returned roughly 114 percent each month, Solana’s SOL returned a stunning 174 percent in the same time period. Needless to say, these figures, including Cardano’s Hoskinson, have piqued everyone’s interest. During a recent AMA, Cardano’s founder stated that he was only genuinely curious to learn more about Solana. Hoskinson had previously congratulated the squad for “creating waves.
The IOHK CEO claimed in the aforementioned AMA that Solana’s team had contacted him and offered various links concerning the project. He has noticed that Solana is gaining a lot of traction, as well as a lot of chatter and discussion, and it’s obviously performing well in the marketplaces. When it happens, he always takes a step back and thinks to himself, that okay, who are these guys? And he is sincerely interested. Many members of the Cardano community are now genuinely interested in a possible integration or even partnership. Hoskinson, on the other hand, claims that it is not his decision to make. Every decision is made with the community in mind, and they can work with Solana if they want to, he said.
Hoskinson went on to say, if there existed such a thing, it would have to be divided down into either a field of economic partnership or a field of political collaboration. Or a collaborative engineering area. Alternatively, a scientific partnership area. Over the coming few weeks, Solana’s price movement is likely to gain considerably more traction. If these expectations are realized, a growing number of people will demand the previously described collaboration. Institutional developments on Solana’s side will be the catalyst for such a call. For example, New York-based Osprey Funds recently filed an application for a Solana Trust, capitalizing on the SOL hoopla. Grayscale, for example, revealed in June that it was exploring adding SOL to its token tree.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
