{"id":604990,"date":"2023-02-05T20:49:29","date_gmt":"2023-02-06T02:49:29","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/05\/optimism-overtakes-solana-in-the-crypto-market-the-battle-for-supremacy\/"},"modified":"2023-02-05T20:49:29","modified_gmt":"2023-02-06T02:49:29","slug":"optimism-overtakes-solana-in-the-crypto-market-the-battle-for-supremacy","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/05\/optimism-overtakes-solana-in-the-crypto-market-the-battle-for-supremacy\/","title":{"rendered":"Optimism Overtakes Solana In the Crypto Market: The Battle for Supremacy"},"content":{"rendered":"
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You are here: Home<\/span><\/a><\/span>\/<\/span> News<\/span><\/a><\/span>\/<\/span> Optimism Overtakes Solana In the Crypto Market: The Battle for Supremacy<\/p>\n

\"Solana\"<\/p>\n

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Evan van Ness, a seasoned ConsenSys veteran and the author of the popular \u201cWeek in Ethereum\u201d newsletter, has raised the alarm over the recent performance of Solana (SOL). According to van Ness, the current bullish rally in the cryptocurrency market might have been the last one for Solana.<\/p>\n

In a\u00a0recent tweet<\/a>, van Ness highlighted an interesting \u201cflippening\u201d between Solana and Optimism (OP), which he called a leading execution environment for the world\u2019s settlement layer.<\/span><\/p>\n

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$OP just flipped $SOL
\nOne is a leading execution environment for the world’s settlement layer.
\nThe other is a ill-performant web2 database. https:\/\/t.co\/WSdkXxXZJG<\/a><\/span><\/p>\n<\/div>\n

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\"Image\"<\/p>\n<\/div>\n

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He further stated that Solana is an ill-performing web2 database and is now lagging behind AVAX, which is a geth fork that tries to hide its scalability problems with big blocks and sidechains.<\/p>\n

Flippening Between Solana & Optimism<\/h2>\n

As explained by van Ness, the flippening between Solana and Optimism refers to the recent shift in the market performance of both cryptocurrencies. He noted that Optimism has now taken the lead over Solana, which is a worrying sign for those invested in the latter.<\/p>\n

Van Ness also mentioned that the circulating supply of Optimism is only 5% of its total supply, which was news to him when he initially tweeted about the flippening. He clarified that he has no investment opinion on either of the cryptocurrencies and that this is not financial advice.<\/p>\n

However, he did express that he believes Optimism will likely be around for the long term and could potentially be a profitable business with its optirolls. On the other hand, he doubted that SOL would last more than a cycle.<\/span><\/p>\n

A community member\u00a0commented<\/a>\u00a0on van Ness\u2019s tweet, stating that Optimism is even worse than Solana right now and that he should know better than to promote a low circulating supply of trash.<\/p>\n

Van Ness responded by arguing that he was not shilling either of the cryptocurrencies and that he just found the flippening interesting and thought to tweet about it.<\/p>\n

Another individual\u00a0commented<\/a>\u00a0on van Ness\u2019s tweet, accused him of promoting a liquidity pump, and criticized his use of \u201cX has surpassed Y due to fundamentals.\u201d The commenter went on to question the validity of van Ness\u2019s analysis, suggesting that if Luna Classic was up, it must also be due to fundamentals.<\/p>\n

In\u00a0response<\/a>\u00a0to the individual\u2019s comment, van Ness stated that they were projecting and that he did not have any significant holdings in either Optimism (OP) or Solana.\u00a0<\/p>\n

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@0x_Kun<\/a> You’re projecting.
\nI don’t own any meaningful $OP or $SOL
\nMy only real position is that Sqlana is ???? and will be worth much less than $OP in the long-term
\nBc rollups have good biz models
\nhttps:\/\/t.co\/Neb4z5EsIM<\/a><\/span><\/p>\n<\/div>\n

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\"Image\"<\/p>\n<\/div>\n

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He further stated that his only real position was that Solana would be and was worth much less than Optimism in the long term because rollups have good business models.<\/p>\n

Related Reading | Here\u2019s how Ripple CTO Congratulated Elon Musk Over His Victory<\/a><\/p>\n

\"Ezoic\"<\/a><\/span><\/span><\/span><\/p>\n<\/div>\n

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Read More<\/a>
\n Mishal Ali<\/p>\n","protected":false},"excerpt":{"rendered":"

You are here: Home\/ News\/ Optimism Overtakes Solana In the Crypto Market: The Battle for SupremacyEvan van Ness, a seasoned ConsenSys veteran and the author of the popular \u201cWeek in Ethereum\u201d newsletter, has raised the alarm over the recent performance of Solana (SOL). According to van Ness, the current bullish rally in the cryptocurrency market<\/p>\n","protected":false},"author":1,"featured_media":604991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30244,23627],"tags":[],"class_list":{"0":"post-604990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-optimism","8":"category-overtakes"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/604990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=604990"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/604990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/604991"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=604990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=604990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=604990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}