{"id":4697,"date":"2022-12-29T02:55:41","date_gmt":"2022-12-29T01:55:41","guid":{"rendered":"https:\/\/europepublic.com\/solanas-sol-days-are-numbered-says-entrepreneur-david-gokhshtein\/"},"modified":"2022-12-29T02:55:41","modified_gmt":"2022-12-29T01:55:41","slug":"solanas-sol-days-are-numbered-says-entrepreneur-david-gokhshtein","status":"publish","type":"post","link":"https:\/\/europepublic.com\/solanas-sol-days-are-numbered-says-entrepreneur-david-gokhshtein\/","title":{"rendered":"Solana\u2019s (SOL) Days Are Numbered, Says Entrepreneur David Gokhshtein"},"content":{"rendered":"<p> <br \/>\n<br \/><a href=\"https:\/\/dailycoin.com\/solanas-sol-days-are-numbered-says-entrepreneur-david-gokhshtein\/\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\"><\/a><\/p>\n<div class=\"vc_row wpb_row vc_row-fluid mkd-section mkd-content-aligment-left\">\n<div class=\"clearfix mkd-full-section-inner\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<ul>\n<li><b>Solana\u2019s (SOL) resources were closely intertwined with the fallen FTX.<\/b><\/li>\n<li><strong><b>YouTuber David Gokhshtein claims Solana \u201cis not going to make it.\u201d<\/b><\/strong><\/li>\n<li><strong><b>The ongoing bearish trend resulted in many developers leaving SOL.<\/b><\/strong><\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 21px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400\">Solana (SOL) is arguably one of the hardest hit by the crypto earthquake triggered by the corrupt Sam Bankman-Fried and his now insolvent FTX exchange. The altcoin was <a href=\"https:\/\/dailycoin.com\/solana-sol-project-review-recent-developments-future-events-community\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">one of the fastest-rising crypto gems<\/a> in 2021 and managed to stay in the TOP 10 even after the Terra (LUNA) and Terra (UST) depegging wiped over $60 billion from the sector. However, things are not looking great for the altcoin&#8217;s future, as noted by popular crypto influencer and entrepreneur David Gokhshtein.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\">\n\t\t\t.tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,&#8221;Segoe UI&#8221;,Roboto,Helvetica,Arial,sans-serif}.tweet-container div:first-child{<br \/>\n        position:absolute!Important<br \/>\n    }.tweet-container div:last-child{<br \/>\n        position:relative!Important<br \/>\n    }<\/p>\n<div class=\"tweet-container\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Unpopular opinion; but Solana is dead. <\/p>\n<p>They should focus on building hardware.<\/p>\n<p>&mdash; David Gokhshtein (@davidgokhshtein) <a href=\"https:\/\/twitter.com\/davidgokhshtein\/status\/1607776688670138368?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">December 27, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<p>function lazyTwitter(){var i=function(t){if(!t)return;var n=t.getBoundingClientRect();return 2500&gt;n.top||-2500&gt;n.top};if(!i(document.querySelector(&#8220;.twitter-tweet&#8221;)))return;var s=document.createElement(&#8220;script&#8221;);s.onload=function(){};s.src=&#8221;\/\/platform.twitter.com\/widgets.js&#8221;;document.head.appendChild(s);document.removeEventListener(&#8220;scroll&#8221;,lazyTwitter);document.removeEventListener(&#8220;touchstart&#8221;,lazyTwitter);console.log(&#8220;load twitter widget&#8221;)}document.addEventListener(&#8220;scroll&#8221;,lazyTwitter);document.addEventListener(&#8220;touchstart&#8221;,lazyTwitter);lazyTwitter()\n\t\t<\/p><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 21px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<h2>Solana Falls Victim to FTX Fiasco<\/h2>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400\">The severely damaged SOL plunged from around $35 all the way to the key support level of $15 as SBF\u2019s ship sunk, also sending the American crypto platform\u2019s native <a href=\"https:\/\/dailycoin.com\/low-hope-for-solana-sol-and-ftx-token-ftt-recover-budblockz-blunt-looks-solid\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">FTX (FTT) token<\/a> down the tubes. However, it\u2019s double trouble for SOL, as the Ethereum (ETH) competitor not only dropped out of the TOP 10 but continued to fall ever since the bankrupt Alameda Research unceremoniously dumped their share of the altcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the disgraced FTX founder and his scatterbrained girlfriend, Caroline Ellison, are not exclusively to blame for SOL&#8217;s hardships. Indeed, there are multiple bearish signals for the 19th-ranked altcoin. For instance, plunging transaction volume indicates a <a href=\"https:\/\/dailycoin.com\/degods-and-y00ts-to-wave-farewell-to-solana-and-migrate-to-ethereum-and-polygon-in-2023\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">lack of interest from the builders<\/a>, but that\u2019s far from it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SOL&#8217;s total market capitalization has shrunk by more than ten times since the beginning of 2022. It peaked at $55bn on 2nd January 2022 but stands at just $3.69bn at the time of publication.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\">\n<div class=\"tweet-container\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Legit every single stat about Solana is pointing down, this won&#039;t end well. <a href=\"https:\/\/t.co\/BNbdtLrEtb\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">pic.twitter.com\/BNbdtLrEtb<\/a><\/p>\n<p>&mdash; Draco (@covertheflames) <a href=\"https:\/\/twitter.com\/covertheflames\/status\/1608016616603766784?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">December 28, 2022<\/a><\/p><\/blockquote>\n<\/div><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 21px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<h2>The \u2018Ethereum Killer\u2019 is Back to Single Digits<\/h2>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400\">At press time, the original <em>\u201cEthereum Killer\u201d<\/em>\u00a0<a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">is priced at $9.99<\/a>, according to <\/span><i><span style=\"font-weight: 400\">CoinGecko<\/span><\/i><span style=\"font-weight: 400\">. The alternative cryptocurrency, and the second-largest home for NFT enthusiasts, dropped to single digits for the first time in two years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Indeed, the merciless bears of the prolonged crypto winter have been pulverizing SOL all-year round. As a result, its market value had been following a <a href=\"https:\/\/dailycoin.com\/solana-sol-price-analysis-has-the-downfall-ended\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">protracted descent<\/a> and had to give way to competing altcoins like the OG Litecoin (LTC), the <a href=\"https:\/\/dailycoin.com\/shiba-inu-shib-overthrows-solana-sol-then-adds-another-zero\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">two-year-old memecoin Shiba Inu (SHIB)<\/a>, and Justin Sun\u2019s Tron (TRX). Ultimately, with SOL falling below the key resistance levels, many crypto analysts believe that its troubles are far from over.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\">\n<div class=\"tweet-container\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">$SOL<\/a> entered to Single Digit<br \/><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2705.png?w=696&#038;ssl=1\" alt=\"\u2705\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" data-recalc-dims=\"1\" \/><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2705.png?w=696&#038;ssl=1\" alt=\"\u2705\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" data-recalc-dims=\"1\" \/><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2705.png?w=696&#038;ssl=1\" alt=\"\u2705\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" data-recalc-dims=\"1\" \/><br \/>\u20226.4$-4.5$ Incoming <a href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">#Solana<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">$ETH<\/a> <a href=\"https:\/\/t.co\/DlCgfzrI4s\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">pic.twitter.com\/DlCgfzrI4s<\/a><\/p>\n<p>&mdash; Aditya Siddhartha Roy\u2741 (@Adityaroypspk) <a href=\"https:\/\/twitter.com\/Adityaroypspk\/status\/1608047562342436867?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">December 28, 2022<\/a><\/p><\/blockquote>\n<\/div><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 21px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<h2>On the Flipside<\/h2>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<ul>\n<li><b>Solana (SOL) is one of the top choices for institutional investors.<\/b><\/li>\n<li><b>SOL is also one of the most widely covered cryptos by mass media.<\/b><\/li>\n<li><b>The largest Solana-based marketplace, Magic Eden, <a href=\"https:\/\/dailycoin.com\/magic-eden-nft-marketplace-rolls-out-loyalty-program-native-token-in-talks\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">is expanding<\/a>.<\/b><\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 21px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<h2>Why You Should Care<\/h2>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>Solana (SOL) was one of the most prominent alternative cryptocurrencies in 2021. Founder Anatoly Yakovenko and his partners attracted the attention of institutional investors. On top of that, the Solana Foundation opened <a href=\"https:\/\/dailycoin.com\/solana-to-open-solana-spaces-web3-headquarters-in-new-york\/\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">the first-ever physical Web3 headquarters<\/a>. &#8220;Solana Spaces&#8221; is located in Hudson Yards, New York, and aims to educate people about blockchain technology.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 41px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>Find the latest altcoin news:<\/p>\n<p><em><a href=\"https:\/\/dailycoin.com\/dogecoin-doge-developer-launches-tipping-extension-as-doge-drops-5-2\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">Dogecoin (DOGE) Developer Launches Tipping Extension as DOGE Drops 5.2%<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/dailycoin.com\/binance-makes-changes-to-its-terra-classic-lunc-burn-mechanism-lunc-plunges\/?swcfpc=1\" data-wpel-link=\"internal\" rel=\"noopener noreferrer\" target=\"_blank\">Binance Makes Changes to its Terra Classic (LUNC) Burn Mechanism, LUNC Plunges<\/a><\/em><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"vc_empty_space\" style=\"height: 21px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/dailycoin.com\/solanas-sol-days-are-numbered-says-entrepreneur-david-gokhshtein\/\" target=\"_blank\" rel=\"noopener\">Source link: https:\/\/dailycoin.com\/solanas-sol-days-are-numbered-says-entrepreneur-david-gokhshtein\/  <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana\u2019s (SOL) resources were closely intertwined with the fallen FTX. YouTuber David Gokhshtein claims Solana \u201cis not going to make it.\u201d The ongoing bearish trend resulted in many developers leaving SOL. Solana (SOL) is arguably one of the hardest hit by the crypto earthquake triggered by the corrupt Sam Bankman-Fried and his now insolvent FTX [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[120,118,119,117,4896,1259,2683,8795,121,8794,8270,8793],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/dailycoin.com\/wp-content\/uploads\/2022\/12\/Solana_-SOL_-David-Gokhshtein_social.jpg?fit=%2C&ssl=1","_links":{"self":[{"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/posts\/4697"}],"collection":[{"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/comments?post=4697"}],"version-history":[{"count":0,"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/posts\/4697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/media\/4698"}],"wp:attachment":[{"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/media?parent=4697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/categories?post=4697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/europepublic.com\/wp-json\/wp\/v2\/tags?post=4697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}