With the approval of the Spot Bitcoin ETF just two weeks away, popular BTC evangelist Fred Krueger criticized the Solana ecosystem, calling the innovation “pure science fiction.”
Solana shows strong momentum
Solana (SOL) has been showing positive momentum over the past few days.The altcoin recently regained the $100 price milestone It is currently trading at $114.69, up 2.96% in the last 24 hours.
So far, the smart contract token has recorded a price increase of over 66% in the past seven days. During this time, Solana rose to the rank of the fourth largest cryptocurrency by market capitalization.
Thanks to this new status, it has surpassed the likes of XRP and Binance Coin (BNB). Solana’s technical and fundamental indicators are bullish, which is tempting top crypto projects to integrate this coin. Last week, the leading Web3.0 hardware wallet, Trezor Wallet, was announced. Support for tokens designed using SOL and the Solana Program Library (SPL) on the platform.
In general, SOL’s massive price increase was the catalyst for the coin to gain significant traction, but Krueger disagrees with this move. He believes Solana’s price hike is a result of the supposed acceleration of his Solana protocol, called FireDancer. Notably, FireDancer is a new independent validator client of the Solana blockchain built to improve network throughput and reliability.
This is not yet in practical use, and Krueger already sees it as a tool with no real use case. He also tagged the gaming, social, and ticketing innovations on Solana as his three killer apps being promoted by fans of the protocol, and even referred to them as pure science fiction.
Solana’s (SOL) innovation is undervalued
Krueger cited one of Solana’s games, Star Atlas, and said Solana is behind other blockchains in terms of gaming ventures.
Solana’s critics consider Star Atlas to be a mediocre game for just 5,000 UAW. Krueger dismissed the notion of his Facebook powered by Solana or other social media platforms linked to Solana, saying it was pure fantasy. He doesn’t even agree that virtual currencies can be incorporated into games.
Krueger says there’s no traction in terms of ticket sales because there’s a lack of market push in that direction.In contrast to the accolades Solana has earned Recently, Krueger further criticized the Solana blockchain, pointing out that it continues to use Bitcoin.